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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

8827 Belle Rd Harborcreek, PA 16421

0 Beds 0 Baths 1,560 sqft Built 2004
Last updated:  Jan 23, 2020

INVESTimate

$138,353

$129K - $148K

Price Est.

$1,018

909 - $1.1K

Rent Est.

$134,078  ( -3.09%)   1 YR EST. FORECAST
  
  
  

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8827 Belle Rd PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $88.69
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,560 sqft
  • Baths : 0 Full

8827 Belle Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HARBOR CREEK SENIOR HIGH SCHOOL High Regular 666 44 8

HARBOR CREEK SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 666
  • # of teachers: 44
8
GreatSchools Rating
 

Financial Details

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Neighborhood

HARBORCREEK

  • 2,601

    POPULATION
  • 961

    HOUSEHOLDS
  • 70.2%

    WHITE COLLAR

Neighborhood : HARBORCREEK

HOUSEHOLDS
961
POPULATION

2,601

16.6%Renters
83.4%Home Owners
LABOR FORCE

 

70.2%White Collar
29.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 90% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,018 per month.

MY RENT : $1,018 MEDIAN RENT : $1,142

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 6.8%
$1,000-1,499 78.6%
>=$1,500 14.6%
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 $1,018 would therefore be considered affordable for annual household incomes greater than $40,720 (12 months x 3.333 x $1,018).

Rent % Affordability
Above $500 84.0%
Above $700 79.3%
Above $1,100 66.0%
Above $1,500 56.4%
Above $1,900 47.6%
HOUSEHOLD INCOME RANGE

Approximately 598 of households in this neighborhood have a total annual income of $40,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,018 per month.

MINIMUM INCOME RANGE : $40,720

Income % Distribution
<$20K 16.0%
$20K-$35K 9.7%
$35K-$60K 17.9%
$60K-$100K 25.4%
>=$100K 31.1%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 15.5%
10-14 mins 16.1%
15-19 mins 24.2%
20-29 mins 22.6%
30-44 mins 15.3%
45-59 mins 1.0%
>60 mins 0.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 90% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,018 per month.

MY RENT : $1,018 MEDIAN RENT : $1,142

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 6.8%
$1,000-1,499 78.6%
>=$1,500 14.6%
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 $1,018 would therefore be considered affordable for annual household incomes greater than $40,720 (12 months x 3.333 x $1,018).

Rent % Affordability
Above $500 84.0%
Above $700 79.3%
Above $1,100 66.0%
Above $1,500 56.4%
Above $1,900 47.6%
HOUSEHOLD INCOME RANGE

Approximately 598 of households in this neighborhood have a total annual income of $40,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,018 per month.

MINIMUM INCOME RANGE : $40,720

Income % Distribution
<$20K 16.0%
$20K-$35K 9.7%
$35K-$60K 17.9%
$60K-$100K 25.4%
>=$100K 31.1%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 15.5%
10-14 mins 16.1%
15-19 mins 24.2%
20-29 mins 22.6%
30-44 mins 15.3%
45-59 mins 1.0%
>60 mins 0.4%

HARBORCREEK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.6%
Educational Services 9.9%
Financial Industries 9.0%
Health Care & Social Assistance 16.7%
Manufacturing 15.8%
Retail & Wholesale Trader 10.8%
Other 30.2%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 29% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 16.9%
15-19 8.8%
20-24 3.2%
25-44 21.7%
45-65 27.3%
66+ 22.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.9%
Healthcare 8.2%
Management, Business, & Financial 24.3%
Natural Resources Maintenance 10.4%
Production & Transportation 11.8%
Sales & Office 20.6%
Other 18.8%
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 8.6%
High School 40.7%
Masters Degree 6.5%
Some College 17.1%
Some High School 4.0%
Other 23.1%

8827 Belle Rd Comps

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8827 Belle Rd, Harborcreek, PA 16421 is a single family home of 1,560 sqft. HomeUnion INVESTimateĀ® for 8827 Belle Rd includes a Price Estimate of $138,353 and a Rent Estimate of $1,018. This single family home has 0 bedrooms,0 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 8.83% and Total Return of 6.48%. The estimated 1 year forecast in home value for 8827 Belle Rd is -3.09%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , ERIE County , or the 16421 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 16428
  2. 16510