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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

6290 Main St East Petersburg, PA 17520

3 Beds 3 Baths 1,964 sqft Built 1922
Last updated:  Oct 23, 2019

INVESTimate

$183,909

$177K - $191K

Price Est.

$1,438

$1.3K - $1.6K

Rent Est.

$189,941  ( +3.28%)   1 YR EST. FORECAST
  
  
  

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6290 Main St PROPERTY INFO

FACTS
  • Built In 1922
  • Price/Sqft : $93.64
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,964 sqft
  • Baths : 3 Full

6290 Main St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CENTERVILLE MIDDLE SCHOOL Middle Regular 629 39 8
HEMPFIELD SENIOR HIGH SCHOOL High Regular 2,200 144 8

CENTERVILLE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 629
  • # of teachers: 39
8
GreatSchools Rating

HEMPFIELD SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 2,200
  • # of teachers: 144
8
GreatSchools Rating
 

Financial Details

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Neighborhood

East Petersburg

  • 4,620

    POPULATION
  • 1,743

    HOUSEHOLDS
  • 67.5%

    WHITE COLLAR

Neighborhood : East Petersburg

HOUSEHOLDS
1,743
POPULATION

4,620

14.7%Renters
85.3%Home Owners
LABOR FORCE

 

67.5%White Collar
32.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 35% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,438 per month.

MY RENT : $1,438 MEDIAN RENT : $1,351

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 73.9%
>=$1,500 25.7%
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 $1,438 would therefore be considered affordable for annual household incomes greater than $57,520 (12 months x 3.333 x $1,438).

Rent % Affordability
Above $500 91.4%
Above $700 86.6%
Above $1,100 73.6%
Above $1,500 62.7%
Above $1,900 48.4%
HOUSEHOLD INCOME RANGE

Approximately 1,104 of households in this neighborhood have a total annual income of $57,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,438 per month.

MINIMUM INCOME RANGE : $57,520

Income % Distribution
<$20K 8.6%
$20K-$35K 11.9%
$35K-$60K 16.8%
$60K-$100K 40.1%
>=$100K 22.6%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.4%
5-9 mins 13.6%
10-14 mins 18.1%
15-19 mins 33.1%
20-29 mins 13.4%
30-44 mins 14.9%
45-59 mins 3.9%
>60 mins 2.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 35% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,438 per month.

MY RENT : $1,438 MEDIAN RENT : $1,351

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 73.9%
>=$1,500 25.7%
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 $1,438 would therefore be considered affordable for annual household incomes greater than $57,520 (12 months x 3.333 x $1,438).

Rent % Affordability
Above $500 91.4%
Above $700 86.6%
Above $1,100 73.6%
Above $1,500 62.7%
Above $1,900 48.4%
HOUSEHOLD INCOME RANGE

Approximately 1,104 of households in this neighborhood have a total annual income of $57,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,438 per month.

MINIMUM INCOME RANGE : $57,520

Income % Distribution
<$20K 8.6%
$20K-$35K 11.9%
$35K-$60K 16.8%
$60K-$100K 40.1%
>=$100K 22.6%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.4%
5-9 mins 13.6%
10-14 mins 18.1%
15-19 mins 33.1%
20-29 mins 13.4%
30-44 mins 14.9%
45-59 mins 3.9%
>60 mins 2.6%

East Petersburg Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.7%
Educational Services 9.8%
Financial Industries 5.6%
Health Care & Social Assistance 15.5%
Manufacturing 21.4%
Retail & Wholesale Trader 16.0%
Other 26.0%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 29% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 18.5%
15-19 4.9%
20-24 5.7%
25-44 24.8%
45-65 33.4%
66+ 12.6%
OCCUPATION

Occupation % Distribution
Construction 4.4%
Healthcare 13.2%
Management, Business, & Financial 20.5%
Natural Resources Maintenance 6.6%
Production & Transportation 17.0%
Sales & Office 23.6%
Other 14.7%
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 9.3%
High School 37.5%
Masters Degree 7.1%
Some College 19.2%
Some High School 5.7%
Other 21.1%

6290 Main St Comps

Sorry, we do not have sufficient data available.

6290 Main St, East Petersburg, PA 17520 is a single family home of 1,964 sqft. HomeUnion INVESTimateĀ® for 6290 Main St includes a Price Estimate of $183,909 and a Rent Estimate of $1,438. This single family home has 3 bedrooms,3 bathrooms, and was built in 1922. This property has an estimated 15 year annualized Yield of 9.38% and Total Return of 17.29%. The estimated 1 year forecast in home value for 6290 Main St is 3.28%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , LANCASTER County , or the 17520 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 17545
  2. 17543
  3. 17601