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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

550 Covered Bridge Rd Liberty, PA 16930

2 Beds 1 Baths 804 sqft Built 1972
Last updated:  Jan 23, 2020

INVESTimate

$235,997

$221K - $251K

Price Est.

$947

797 - $1.1K

Rent Est.

$239,844  ( +1.63%)   1 YR EST. FORECAST
  
  
  

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550 Covered Bridge Rd PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $293.53
CONSTRUCTION
  • Beds : 2
  • Floor Size : 804 sqft
  • Baths : 1 Full

550 Covered Bridge Rd SCHOOLS

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Financial Details

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Neighborhood

LIBERTY

  • 1,353

    POPULATION
  • 457

    HOUSEHOLDS
  • 56.8%

    WHITE COLLAR

Neighborhood : LIBERTY

HOUSEHOLDS
457
POPULATION

1,353

21.3%Renters
78.7%Home Owners
LABOR FORCE

 

56.8%White Collar
43.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $947 per month.

MY RENT : $947 MEDIAN RENT : $1,036

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 20.2%
$900-999 22.1%
$1,000-1,499 53.9%
>=$1,500 3.7%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $947 would therefore be considered affordable for annual household incomes greater than $37,880 (12 months x 3.333 x $947).

Rent % Affordability
Above $500 87.1%
Above $700 76.5%
Above $1,100 55.4%
Above $1,500 42.8%
Above $1,900 26.0%
HOUSEHOLD INCOME RANGE

Approximately 237 of households in this neighborhood have a total annual income of $37,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $947 per month.

MINIMUM INCOME RANGE : $37,880

Income % Distribution
<$20K 12.9%
$20K-$35K 19.9%
$35K-$60K 24.5%
$60K-$100K 26.9%
>=$100K 15.9%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.5%
5-9 mins 10.4%
10-14 mins 8.9%
15-19 mins 5.7%
20-29 mins 14.0%
30-44 mins 37.6%
45-59 mins 7.9%
>60 mins 9.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $947 per month.

MY RENT : $947 MEDIAN RENT : $1,036

Rent % Distribution
$500-699 0.0%
$700-899 20.2%
$900-999 22.1%
$1,000-1,499 53.9%
>=$1,500 3.7%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $947 would therefore be considered affordable for annual household incomes greater than $37,880 (12 months x 3.333 x $947).

Rent % Affordability
Above $500 87.1%
Above $700 76.5%
Above $1,100 55.4%
Above $1,500 42.8%
Above $1,900 26.0%
HOUSEHOLD INCOME RANGE

Approximately 237 of households in this neighborhood have a total annual income of $37,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $947 per month.

MINIMUM INCOME RANGE : $37,880

Income % Distribution
<$20K 12.9%
$20K-$35K 19.9%
$35K-$60K 24.5%
$60K-$100K 26.9%
>=$100K 15.9%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.5%
5-9 mins 10.4%
10-14 mins 8.9%
15-19 mins 5.7%
20-29 mins 14.0%
30-44 mins 37.6%
45-59 mins 7.9%
>60 mins 9.1%

LIBERTY Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 9.4%
Construction 9.8%
Educational Services 8.7%
Health Care & Social Assistance 9.8%
Manufacturing 12.4%
Retail & Wholesale Trader 12.4%
Other 37.6%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 35% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 24.6%
15-19 7.1%
20-24 3.5%
25-44 21.4%
45-65 25.4%
66+ 18.0%
OCCUPATION

Occupation % Distribution
Clean 6.8%
Healthcare 6.8%
Management, Business, & Financial 9.6%
Natural Resources Maintenance 17.0%
Production & Transportation 19.7%
Sales & Office 20.0%
Other 20.0%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.6%
High School 45.3%
Masters Degree 5.0%
Some College 17.8%
Some High School 7.0%
Other 14.3%

550 Covered Bridge Rd Comps

Sorry, we do not have sufficient data available.

550 Covered Bridge Rd, Liberty, PA 16930 is a single family home of 804 sqft. HomeUnion INVESTimateĀ® for 550 Covered Bridge Rd includes a Price Estimate of $235,997 and a Rent Estimate of $947. This single family home has 2 bedrooms,1 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 4.82% and Total Return of 7.02%. The estimated 1 year forecast in home value for 550 Covered Bridge Rd is 1.63%.

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