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This page contains information about each property aggregated from public data sources, 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.

6121 Murray Ave South Park, PA 15129

3 Beds 3 Baths 1,318 sqft Built 1956
Last updated:  Oct 23, 2019

INVESTimate

$149,615

$135K - $164K

Price Est.

$1,358

$1.2K - $1.5K

Rent Est.

$155,540  ( +3.96%)   1 YR EST. FORECAST

6121 Murray Ave PROPERTY INFO

FACTS
  • Built In 1956
  • Price/Sqft : $113.52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,318 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
6121 Murray Ave, South Park, PA 15129 is a single family home of 1,318 sqft. HomeUnion estimate for 6121 Murray Ave includes a Price Estimate of $149,615 and a Rent Estimate of $1,358. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1956. This property has an estimated 15 year annualized Yield of 10.89% and Total Return of 19.47%. The estimated 1 year forecast in home value for 6121 Murray Ave is 3.96%.
  
  
  

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6121 Murray Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTH PARK ELEMENTARY CENTER Primary Regular 702 43 8
SOUTH PARK SENIOR HIGH SCHOOL High Regular 744 47 9

SOUTH PARK ELEMENTARY CENTER

  • Education Level: Primary
  • # of students: 702
  • # of teachers: 43
8
GreatSchools Rating

SOUTH PARK SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 744
  • # of teachers: 47
9
GreatSchools Rating
 

Financial Details

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Neighborhood

South Park Township

  • 12,473

    POPULATION
  • 4,998

    HOUSEHOLDS
  • 72.5%

    WHITE COLLAR

Neighborhood : South Park Township

HOUSEHOLDS
4,998
POPULATION

12,473

20.7%Renters
79.3%Home Owners
LABOR FORCE

 

72.5%White Collar
27.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 66% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,358 per month.

MY RENT : $1,358 MEDIAN RENT : $1,523

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.4%
$900-999 1.7%
$1,000-1,499 43.9%
>=$1,500 54.0%
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 $1,358 would therefore be considered affordable for annual household incomes greater than $54,320 (12 months x 3.333 x $1,358).

Rent % Affordability
Above $500 89.0%
Above $700 82.4%
Above $1,100 66.9%
Above $1,500 55.6%
Above $1,900 44.7%
HOUSEHOLD INCOME RANGE

Approximately 2,879 of households in this neighborhood have a total annual income of $54,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,358 per month.

MINIMUM INCOME RANGE : $54,320

Income % Distribution
<$20K 11.0%
$20K-$35K 12.2%
$35K-$60K 21.1%
$60K-$100K 26.6%
>=$100K 29.0%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 7.6%
10-14 mins 9.3%
15-19 mins 11.1%
20-29 mins 19.2%
30-44 mins 22.3%
45-59 mins 17.0%
>60 mins 12.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 66% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,358 per month.

MY RENT : $1,358 MEDIAN RENT : $1,523

Rent % Distribution
$500-699 0.0%
$700-899 0.4%
$900-999 1.7%
$1,000-1,499 43.9%
>=$1,500 54.0%
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 $1,358 would therefore be considered affordable for annual household incomes greater than $54,320 (12 months x 3.333 x $1,358).

Rent % Affordability
Above $500 89.0%
Above $700 82.4%
Above $1,100 66.9%
Above $1,500 55.6%
Above $1,900 44.7%
HOUSEHOLD INCOME RANGE

Approximately 2,879 of households in this neighborhood have a total annual income of $54,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,358 per month.

MINIMUM INCOME RANGE : $54,320

Income % Distribution
<$20K 11.0%
$20K-$35K 12.2%
$35K-$60K 21.1%
$60K-$100K 26.6%
>=$100K 29.0%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 7.6%
10-14 mins 9.3%
15-19 mins 11.1%
20-29 mins 19.2%
30-44 mins 22.3%
45-59 mins 17.0%
>60 mins 12.5%

South Park Township Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.9%
Educational Services 9.0%
Financial Industries 7.9%
Health Care & Social Assistance 17.3%
Professional & Scientific Tech Services 8.9%
Retail & Wholesale Trader 14.9%
Other 34.0%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 28% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 17.1%
15-19 6.5%
20-24 4.3%
25-44 23.8%
45-65 32.3%
66+ 16.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.4%
Healthcare 10.9%
Management, Business, & Financial 22.2%
Natural Resources Maintenance 5.9%
Production & Transportation 7.9%
Sales & Office 24.0%
Other 19.7%
HIGHEST EDUCATION LEVEL

27% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.9%
High School 28.8%
Masters Degree 9.4%
Some College 17.2%
Some High School 3.5%
Other 26.2%

6121 Murray Ave Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , ALLEGHENY County , or the 15129 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

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