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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

6484 2nd Ave South Park, PA 15129

3 Beds 2 Baths 1,322 sqft Built 1925
Last updated:  Oct 23, 2019

INVESTimate

$71,183

$64.2K - $78.1K

Price Est.

$1,272

$1.1K - $1.4K

Rent Est.

$73,980  ( +3.93%)   1 YR EST. FORECAST
  
  
  

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6484 2nd Ave PROPERTY INFO

FACTS
  • Built In 1925
  • Price/Sqft : $53.84
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,322 sqft
  • Baths : 2 Full

6484 2nd 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

  • 10,544

    POPULATION
  • 4,457

    HOUSEHOLDS
  • 75.5%

    WHITE COLLAR

Neighborhood : SOUTH PARK

HOUSEHOLDS
4,457
POPULATION

10,544

22.2%Renters
77.8%Home Owners
LABOR FORCE

 

75.5%White Collar
24.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 62% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,272 per month.

MY RENT : $1,272 MEDIAN RENT : $1,360

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.7%
$900-999 2.7%
$1,000-1,499 63.3%
>=$1,500 33.3%
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 $1,272 would therefore be considered affordable for annual household incomes greater than $50,880 (12 months x 3.333 x $1,272).

Rent % Affordability
Above $500 90.0%
Above $700 83.5%
Above $1,100 70.2%
Above $1,500 57.8%
Above $1,900 42.0%
HOUSEHOLD INCOME RANGE

Approximately 2,713 of households in this neighborhood have a total annual income of $50,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,272 per month.

MINIMUM INCOME RANGE : $50,880

Income % Distribution
<$20K 10.0%
$20K-$35K 12.1%
$35K-$60K 20.0%
$60K-$100K 27.9%
>=$100K 29.9%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 5.7%
10-14 mins 10.8%
15-19 mins 13.5%
20-29 mins 19.8%
30-44 mins 22.8%
45-59 mins 14.6%
>60 mins 11.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 62% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,272 per month.

MY RENT : $1,272 MEDIAN RENT : $1,360

Rent % Distribution
$500-699 0.0%
$700-899 0.7%
$900-999 2.7%
$1,000-1,499 63.3%
>=$1,500 33.3%
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 $1,272 would therefore be considered affordable for annual household incomes greater than $50,880 (12 months x 3.333 x $1,272).

Rent % Affordability
Above $500 90.0%
Above $700 83.5%
Above $1,100 70.2%
Above $1,500 57.8%
Above $1,900 42.0%
HOUSEHOLD INCOME RANGE

Approximately 2,713 of households in this neighborhood have a total annual income of $50,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,272 per month.

MINIMUM INCOME RANGE : $50,880

Income % Distribution
<$20K 10.0%
$20K-$35K 12.1%
$35K-$60K 20.0%
$60K-$100K 27.9%
>=$100K 29.9%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 5.7%
10-14 mins 10.8%
15-19 mins 13.5%
20-29 mins 19.8%
30-44 mins 22.8%
45-59 mins 14.6%
>60 mins 11.9%

SOUTH PARK Demographics

INDUSTRY

Industry % Distribution
Construction 7.6%
Financial Industries 7.8%
Health Care & Social Assistance 17.5%
Manufacturing 8.5%
Professional & Scientific Tech Services 8.1%
Retail & Wholesale Trader 16.2%
Other 34.3%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 27% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 16.7%
15-19 6.6%
20-24 3.8%
25-44 23.1%
45-65 32.1%
66+ 17.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.8%
Healthcare 10.9%
Management, Business, & Financial 22.5%
Natural Resources Maintenance 9.6%
Production & Transportation 5.7%
Sales & Office 25.3%
Other 16.2%
HIGHEST EDUCATION LEVEL

30% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 16.3%
High School 28.4%
Masters Degree 10.6%
Some College 15.2%
Some High School 2.8%
Other 26.6%

6484 2nd Ave Comps

Sorry, we do not have sufficient data available.

6484 2nd Ave, South Park, PA 15129 is a single family home of 1,322 sqft. HomeUnion INVESTimateĀ® for 6484 2nd Ave includes a Price Estimate of $71,183 and a Rent Estimate of $1,272. This single family home has 3 bedrooms,2 bathrooms, and was built in 1925. This property has an estimated 15 year annualized Yield of 21.44% and Total Return of 32.20%. The estimated 1 year forecast in home value for 6484 2nd Ave is 3.93%.

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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