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61 S Terrace Rd PROPERTY INFO
FACTS
- Built In 1966
- Price/Sqft : $100.55
CONSTRUCTION
- Beds : 4
- Floor Size : 3,022 sqft
- Baths : 2 Full 2 Half
61 S Terrace Rd SCHOOLS
Financial Details
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Wormleysburg
Neighborhood : Wormleysburg
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 26% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,353 per month.
MY RENT : $2,353 MEDIAN RENT : $1,303
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 $2,353 would therefore be considered affordable for annual household incomes greater than $94,120 (12 months x 3.333 x $2,353).
HOUSEHOLD INCOME RANGE
Approximately 304 of households in this neighborhood have a total annual income of $94,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,353 per month.
MINIMUM INCOME RANGE : $94,120
COMMUTE TIME DISTRIBUTION
61% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.
Wormleysburg Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 9.7% |
| Financial Industries | 9.2% |
| Health Care & Social Assistance | 15.7% |
| Professional & Scientific Tech Services | 14.1% |
| Public Administration | 10.8% |
| Retail & Wholesale Trader | 14.2% |
| Other | 26.4% |
AGE DISTRIBUTION
60% of the population is between the ages of 25 and 64, 25% is 24 or younger and 16% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 16.2% |
| 15-19 | 4.7% |
| 20-24 | 3.7% |
| 25-44 | 42.2% |
| 45-65 | 17.5% |
| 66+ | 15.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 21.9% |
| Education | 6.0% |
| Healthcare | 9.3% |
| Management, Business, & Financial | 18.3% |
| Production & Transportation | 4.9% |
| Sales & Office | 25.9% |
| Other | 13.6% |
HIGHEST EDUCATION LEVEL
20% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 5.2% |
| High School | 27.5% |
| Masters Degree | 14.3% |
| Some College | 15.2% |
| Some High School | 8.5% |
| Other | 29.4% |
61 S Terrace Rd Comps
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61 S Terrace Rd, Wormleysburg, PA 17043 is a single family home of 3,022 sqft. HomeUnion INVESTimateĀ® for 61 S Terrace Rd includes a Price Estimate of $303,863 and a Rent Estimate of $2,353. This single family home has 4 bedrooms,4 bathrooms, and was built in 1966. This property has an estimated 15 year annualized Yield of 9.29% and Total Return of 19.61%. The estimated 1 year forecast in home value for 61 S Terrace Rd is 1.95%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , CUMBERLAND County , or the 17043 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
