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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

68 Spruce Rd Waterville, PA 17776

3 Beds 1 Baths 2,349 sqft Built 1987
Last updated:  Jan 23, 2020

INVESTimate

$190,101

$178K - $202K

Price Est.

$1,105

936 - $1.3K

Rent Est.

$191,717  ( +0.85%)   1 YR EST. FORECAST
  
  
  

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68 Spruce Rd PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $80.93
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,349 sqft
  • Baths : 1 Full

68 Spruce Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
JERSEY SHORE AREA SHS High Regular 862 60 4

JERSEY SHORE AREA SHS

  • Education Level: High
  • # of students: 862
  • # of teachers: 60
4
GreatSchools Rating
 

Financial Details

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Neighborhood

WATERVILLE

  • 248

    POPULATION
  • 120

    HOUSEHOLDS
  • 53.8%

    WHITE COLLAR

Neighborhood : WATERVILLE

HOUSEHOLDS
120
POPULATION

248

11.9%Renters
88.1%Home Owners
LABOR FORCE

 

53.8%White Collar
46.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 32% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,105 per month.

MY RENT : $1,105 MEDIAN RENT : $968

Rent % Distribution LEVEL
$500-699 1.4%
$700-899 33.5%
$900-999 25.1%
$1,000-1,499 37.7%
>=$1,500 2.3%
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 $1,105 would therefore be considered affordable for annual household incomes greater than $44,200 (12 months x 3.333 x $1,105).

Rent % Affordability
Above $500 89.7%
Above $700 79.5%
Above $1,100 60.3%
Above $1,500 48.3%
Above $1,900 30.5%
HOUSEHOLD INCOME RANGE

Approximately 62 of households in this neighborhood have a total annual income of $44,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,105 per month.

MINIMUM INCOME RANGE : $44,200

Income % Distribution
<$20K 10.3%
$20K-$35K 20.7%
$35K-$60K 20.7%
$60K-$100K 30.2%
>=$100K 18.1%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.0%
5-9 mins 10.8%
10-14 mins 9.0%
15-19 mins 5.4%
20-29 mins 14.4%
30-44 mins 29.7%
45-59 mins 12.6%
>60 mins 9.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 32% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,105 per month.

MY RENT : $1,105 MEDIAN RENT : $968

Rent % Distribution
$500-699 1.4%
$700-899 33.5%
$900-999 25.1%
$1,000-1,499 37.7%
>=$1,500 2.3%
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 $1,105 would therefore be considered affordable for annual household incomes greater than $44,200 (12 months x 3.333 x $1,105).

Rent % Affordability
Above $500 89.7%
Above $700 79.5%
Above $1,100 60.3%
Above $1,500 48.3%
Above $1,900 30.5%
HOUSEHOLD INCOME RANGE

Approximately 62 of households in this neighborhood have a total annual income of $44,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,105 per month.

MINIMUM INCOME RANGE : $44,200

Income % Distribution
<$20K 10.3%
$20K-$35K 20.7%
$35K-$60K 20.7%
$60K-$100K 30.2%
>=$100K 18.1%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.0%
5-9 mins 10.8%
10-14 mins 9.0%
15-19 mins 5.4%
20-29 mins 14.4%
30-44 mins 29.7%
45-59 mins 12.6%
>60 mins 9.0%

WATERVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.8%
Construction 12.9%
Health Care & Social Assistance 7.8%
Manufacturing 13.8%
Retail & Wholesale Trader 10.3%
Transportation 8.6%
Other 38.8%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 18% is 24 or younger and 29% is 65 or older.

Age % Distribution
<15 10.1%
15-19 4.4%
20-24 3.2%
25-44 17.7%
45-65 35.5%
66+ 29.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.4%
Healthcare 4.9%
Management, Business, & Financial 14.8%
Natural Resources Maintenance 13.6%
Production & Transportation 18.5%
Sales & Office 21.0%
Other 19.8%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.2%
High School 45.6%
Masters Degree 6.8%
Some College 15.5%
Some High School 13.1%
Other 9.7%

68 Spruce Rd Comps

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68 Spruce Rd, Waterville, PA 17776 is a single family home of 2,349 sqft. HomeUnion INVESTimateĀ® for 68 Spruce Rd includes a Price Estimate of $190,101 and a Rent Estimate of $1,105. This single family home has 3 bedrooms,1 bathrooms, and was built in 1987. This property has an estimated 15 year annualized Yield of 6.98% and Total Return of 7.76%. The estimated 1 year forecast in home value for 68 Spruce Rd is 0.85%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , LYCOMING County , or the 17776 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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