Financial Details620 Meadowlark Rd PROPERTY INFO
FACTS
- Built In 1969
- Price/Sqft : $181.15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,436 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
620 Meadowlark Rd, Norristown, PA 19403 is a single family home of 2,436 sqft. HomeUnion estimate for 620 Meadowlark Rd includes a Price Estimate of $441,286 and a Rent Estimate of $2,138. This single family home has 4 bedrooms, 3 bathrooms, and was built in 1969. This property has an estimated 15 year annualized Yield of 5.81% and Total Return of 11.18%. The estimated 1 year forecast in home value for 620 Meadowlark Rd is 1.85%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
620 Meadowlark Rd SCHOOLS
Financial Details
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NORRISTOWN
Neighborhood : NORRISTOWN
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,138 per month.
MY RENT : $2,138 MEDIAN RENT : $1,785
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 $2,138 would therefore be considered affordable for annual household incomes greater than $85,520 (12 months x 3.333 x $2,138).
HOUSEHOLD INCOME RANGE
Approximately 7,699 of households in this neighborhood have a total annual income of $85,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,138 per month.
MINIMUM INCOME RANGE : $85,520
COMMUTE TIME DISTRIBUTION
61% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.
NORRISTOWN Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Educational Services | 9.1% |
| Financial Industries | 6.8% |
| Health Care & Social Assistance | 13.6% |
| Manufacturing | 11.2% |
| Professional & Scientific Tech Services | 13.1% |
| Retail & Wholesale Trader | 13.0% |
| Other | 33.2% |
AGE DISTRIBUTION
57% of the population is between the ages of 25 and 64, 26% is 24 or younger and 18% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.4% |
| 15-19 | 4.7% |
| 20-24 | 5.5% |
| 25-44 | 28.2% |
| 45-65 | 28.5% |
| 66+ | 17.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 13.7% |
| Healthcare | 7.0% |
| Management, Business, & Financial | 24.1% |
| Natural Resources Maintenance | 6.4% |
| Production & Transportation | 9.3% |
| Sales & Office | 22.2% |
| Other | 17.3% |
HIGHEST EDUCATION LEVEL
25% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 5.8% |
| High School | 27.1% |
| Masters Degree | 15.4% |
| Some College | 16.2% |
| Some High School | 5.7% |
| Other | 29.7% |
620 Meadowlark Rd Comps
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