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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

7 Quail Hill Rd Observatory, PA 15214

3 Beds 2 Baths 1,468 sqft Built 1975
Last updated:  Oct 23, 2019

INVESTimate

$190,553

$181K - $200K

Price Est.

$1,531

$1.4K - $1.7K

Rent Est.

$199,185  ( +4.53%)   1 YR EST. FORECAST
  
  
  

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7 Quail Hill Rd PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $129.80
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,468 sqft
  • Baths : 2 Full

7 Quail Hill Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RESERVE PRIMARY SCHOOL Primary Regular 187 16 6
SHALER AREA ELEMENTARY SCHOOL Middle Regular 1,044 68 6
SHALER AREA HIGH SCHOOL High Regular 1,638 122 6

RESERVE PRIMARY SCHOOL

  • Education Level: Primary
  • # of students: 187
  • # of teachers: 16
6
GreatSchools Rating

SHALER AREA ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 1,044
  • # of teachers: 68
6
GreatSchools Rating

SHALER AREA HIGH SCHOOL

  • Education Level: High
  • # of students: 1,638
  • # of teachers: 122
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Reserve Township

  • 3,370

    POPULATION
  • 1,438

    HOUSEHOLDS
  • 64.7%

    WHITE COLLAR

Neighborhood : Reserve Township

HOUSEHOLDS
1,438
POPULATION

3,370

17.1%Renters
82.9%Home Owners
LABOR FORCE

 

64.7%White Collar
35.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,531 per month.

MY RENT : $1,531 MEDIAN RENT : $1,107

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 2.7%
$900-999 16.1%
$1,000-1,499 73.4%
>=$1,500 7.8%
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 $1,531 would therefore be considered affordable for annual household incomes greater than $61,240 (12 months x 3.333 x $1,531).

Rent % Affordability
Above $500 86.9%
Above $700 79.7%
Above $1,100 64.2%
Above $1,500 45.1%
Above $1,900 33.1%
HOUSEHOLD INCOME RANGE

Approximately 433 of households in this neighborhood have a total annual income of $61,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,531 per month.

MINIMUM INCOME RANGE : $61,240

Income % Distribution
<$20K 13.1%
$20K-$35K 14.9%
$35K-$60K 26.9%
$60K-$100K 24.5%
>=$100K 20.6%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 7.0%
10-14 mins 12.9%
15-19 mins 28.2%
20-29 mins 25.3%
30-44 mins 19.4%
45-59 mins 3.5%
>60 mins 2.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,531 per month.

MY RENT : $1,531 MEDIAN RENT : $1,107

Rent % Distribution
$500-699 0.0%
$700-899 2.7%
$900-999 16.1%
$1,000-1,499 73.4%
>=$1,500 7.8%
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 $1,531 would therefore be considered affordable for annual household incomes greater than $61,240 (12 months x 3.333 x $1,531).

Rent % Affordability
Above $500 86.9%
Above $700 79.7%
Above $1,100 64.2%
Above $1,500 45.1%
Above $1,900 33.1%
HOUSEHOLD INCOME RANGE

Approximately 433 of households in this neighborhood have a total annual income of $61,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,531 per month.

MINIMUM INCOME RANGE : $61,240

Income % Distribution
<$20K 13.1%
$20K-$35K 14.9%
$35K-$60K 26.9%
$60K-$100K 24.5%
>=$100K 20.6%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 7.0%
10-14 mins 12.9%
15-19 mins 28.2%
20-29 mins 25.3%
30-44 mins 19.4%
45-59 mins 3.5%
>60 mins 2.6%

Reserve Township Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.8%
Construction 6.3%
Educational Services 7.2%
Health Care & Social Assistance 22.5%
Manufacturing 9.7%
Retail & Wholesale Trader 15.5%
Other 29.9%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 25% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 15.8%
15-19 3.6%
20-24 5.9%
25-44 24.9%
45-65 31.4%
66+ 18.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.5%
Healthcare 10.2%
Management, Business, & Financial 18.1%
Natural Resources Maintenance 4.9%
Production & Transportation 15.2%
Sales & Office 26.9%
Other 17.1%
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 10.3%
High School 40.2%
Masters Degree 6.4%
Some College 15.4%
Some High School 8.0%
Other 19.7%

7 Quail Hill Rd Comps

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7 Quail Hill Rd, Observatory, PA 15214 is a single family home of 1,468 sqft. HomeUnion INVESTimateĀ® for 7 Quail Hill Rd includes a Price Estimate of $190,553 and a Rent Estimate of $1,531. This single family home has 3 bedrooms,2 bathrooms, and was built in 1975. This property has an estimated 15 year annualized Yield of 9.64% and Total Return of 21.27%. The estimated 1 year forecast in home value for 7 Quail Hill Rd is 4.53%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , ALLEGHENY County , or the 15214 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

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