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56 W Patterson Rd PROPERTY INFO
FACTS
- Built In 1964
- Price/Sqft : $240.89
CONSTRUCTION
- Beds : 2
- Floor Size : 768 sqft
- Baths : 1 Full
56 W Patterson Rd SCHOOLS
Financial Details
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EIGHTY FOUR
Neighborhood : EIGHTY FOUR
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $871 per month.
MY RENT : $871 MEDIAN RENT : $1,255
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 $871 would therefore be considered affordable for annual household incomes greater than $34,840 (12 months x 3.333 x $871).
HOUSEHOLD INCOME RANGE
Approximately 3,331 of households in this neighborhood have a total annual income of $34,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $871 per month.
MINIMUM INCOME RANGE : $34,840
COMMUTE TIME DISTRIBUTION
59% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.
EIGHTY FOUR Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 9.4% |
| Construction | 10.5% |
| Educational Services | 8.2% |
| Health Care & Social Assistance | 11.8% |
| Manufacturing | 8.5% |
| Retail & Wholesale Trader | 13.4% |
| Other | 38.2% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 23% is 24 or younger and 24% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 12.8% |
| 15-19 | 6.2% |
| 20-24 | 3.7% |
| 25-44 | 21.2% |
| 45-65 | 32.3% |
| 66+ | 23.9% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 5.1% |
| Healthcare | 7.6% |
| Management, Business, & Financial | 22.1% |
| Natural Resources Maintenance | 14.0% |
| Production & Transportation | 12.4% |
| Sales & Office | 24.8% |
| Other | 13.9% |
HIGHEST EDUCATION LEVEL
19% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.1% |
| High School | 37.7% |
| Masters Degree | 9.0% |
| Some College | 16.9% |
| Some High School | 4.9% |
| Other | 22.4% |
56 W Patterson Rd Comps
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56 W Patterson Rd, Eighty Four, PA 15330 is a single family home of 768 sqft. HomeUnion INVESTimateĀ® for 56 W Patterson Rd includes a Price Estimate of $185,000 and a Rent Estimate of $871. This single family home has 2 bedrooms,1 bathrooms, and was built in 1964. This property has an estimated 15 year annualized Yield of 5.65% and Total Return of 9.71%. The estimated 1 year forecast in home value for 56 W Patterson Rd is 1.21%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , WASHINGTON County , or the 15330 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
