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This page contains information about each property aggregated from public data sources, 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.

707 Petersburg Rd East Petersburg, PA 17520

2 Beds 3 Baths 2,249 sqft Built 1963
Last updated:  Oct 23, 2019

INVESTimate

$275,730

$265K - $286K

Price Est.

$1,509

$1.4K - $1.6K

Rent Est.

$284,774  ( +3.28%)   1 YR EST. FORECAST

707 Petersburg Rd PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $122.60
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,249 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
707 Petersburg Rd, East Petersburg, PA 17520 is a single family home of 2,249 sqft. HomeUnion estimate for 707 Petersburg Rd includes a Price Estimate of $275,730 and a Rent Estimate of $1,509. This single family home has 2 bedrooms, 3 bathrooms, and was built in 1963. This property has an estimated 15 year annualized Yield of 6.57% and Total Return of 13.60%. The estimated 1 year forecast in home value for 707 Petersburg Rd is 3.28%.
  
  
  

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707 Petersburg Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BUCHER ELEMENTARY SCHOOL Primary Regular 384 28 8
MANHEIM TOWNSHIP MIDDLE SCHOOL Middle Regular 959 68 8
MANHEIM TOWNSHIP HIGH SCHOOL High Regular 1,848 115 8

BUCHER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 384
  • # of teachers: 28
8
GreatSchools Rating

MANHEIM TOWNSHIP MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 959
  • # of teachers: 68
8
GreatSchools Rating

MANHEIM TOWNSHIP HIGH SCHOOL

  • Education Level: High
  • # of students: 1,848
  • # of teachers: 115
8
GreatSchools Rating
 

Financial Details

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Neighborhood

EAST PETERSBURG

  • 4,644

    POPULATION
  • 1,898

    HOUSEHOLDS
  • 68.8%

    WHITE COLLAR

Neighborhood : EAST PETERSBURG

HOUSEHOLDS
1,898
POPULATION

4,644

15.0%Renters
85.0%Home Owners
LABOR FORCE

 

68.8%White Collar
31.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 26% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,509 per month.

MY RENT : $1,509 MEDIAN RENT : $1,352

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 73.7%
>=$1,500 25.9%
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 $1,509 would therefore be considered affordable for annual household incomes greater than $60,360 (12 months x 3.333 x $1,509).

Rent % Affordability
Above $500 96.1%
Above $700 89.7%
Above $1,100 80.2%
Above $1,500 70.9%
Above $1,900 52.4%
HOUSEHOLD INCOME RANGE

Approximately 820 of households in this neighborhood have a total annual income of $60,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,509 per month.

MINIMUM INCOME RANGE : $60,360

Income % Distribution
<$20K 3.9%
$20K-$35K 11.3%
$35K-$60K 13.8%
$60K-$100K 45.8%
>=$100K 25.1%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 9.0%
10-14 mins 16.8%
15-19 mins 32.3%
20-29 mins 19.2%
30-44 mins 11.4%
45-59 mins 7.7%
>60 mins 2.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 26% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,509 per month.

MY RENT : $1,509 MEDIAN RENT : $1,352

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.4%
$1,000-1,499 73.7%
>=$1,500 25.9%
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 $1,509 would therefore be considered affordable for annual household incomes greater than $60,360 (12 months x 3.333 x $1,509).

Rent % Affordability
Above $500 96.1%
Above $700 89.7%
Above $1,100 80.2%
Above $1,500 70.9%
Above $1,900 52.4%
HOUSEHOLD INCOME RANGE

Approximately 820 of households in this neighborhood have a total annual income of $60,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,509 per month.

MINIMUM INCOME RANGE : $60,360

Income % Distribution
<$20K 3.9%
$20K-$35K 11.3%
$35K-$60K 13.8%
$60K-$100K 45.8%
>=$100K 25.1%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 9.0%
10-14 mins 16.8%
15-19 mins 32.3%
20-29 mins 19.2%
30-44 mins 11.4%
45-59 mins 7.7%
>60 mins 2.9%

EAST PETERSBURG Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.4%
Construction 6.5%
Educational Services 9.4%
Health Care & Social Assistance 17.6%
Manufacturing 15.9%
Retail & Wholesale Trader 14.9%
Other 27.4%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 27% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 18.8%
15-19 2.7%
20-24 5.5%
25-44 25.3%
45-65 33.2%
66+ 14.5%
OCCUPATION

Occupation % Distribution
Construction 5.1%
Healthcare 11.0%
Management, Business, & Financial 17.9%
Natural Resources Maintenance 8.1%
Production & Transportation 12.1%
Sales & Office 27.4%
Other 18.4%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.2%
High School 33.5%
Masters Degree 10.6%
Some College 20.0%
Some High School 4.7%
Other 23.1%

707 Petersburg Rd Comps

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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

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