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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

9 Ridge View Dr Pequea, PA 17565

3 Beds 1 Baths 1,796 sqft Built 1955
Last updated:  Oct 23, 2019

INVESTimate

$256,784

$240K - $274K

Price Est.

$1,223

$1.1K - $1.3K

Rent Est.

$268,827  ( +4.69%)   1 YR EST. FORECAST
  
  
  

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9 Ridge View Dr PROPERTY INFO

FACTS
  • Built In 1955
  • Price/Sqft : $142.98
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,796 sqft
  • Baths : 1 Full

9 Ridge View Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MARTICVILLE MIDDLE SCHOOL Middle Regular 324 25 8
PENN MANOR HIGH SCHOOL High Regular 1,639 111 8

MARTICVILLE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 324
  • # of teachers: 25
8
GreatSchools Rating

PENN MANOR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,639
  • # of teachers: 111
8
GreatSchools Rating
 

Financial Details

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Neighborhood

PEQUEA

  • 2,676

    POPULATION
  • 974

    HOUSEHOLDS
  • 55.8%

    WHITE COLLAR

Neighborhood : PEQUEA

HOUSEHOLDS
974
POPULATION

2,676

18.0%Renters
82.0%Home Owners
LABOR FORCE

 

55.8%White Collar
44.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,223 per month.

MY RENT : $1,223 MEDIAN RENT : $1,273

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.4%
$900-999 4.2%
$1,000-1,499 64.8%
>=$1,500 29.6%
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 $1,223 would therefore be considered affordable for annual household incomes greater than $48,920 (12 months x 3.333 x $1,223).

Rent % Affordability
Above $500 90.6%
Above $700 85.7%
Above $1,100 69.2%
Above $1,500 57.2%
Above $1,900 42.4%
HOUSEHOLD INCOME RANGE

Approximately 601 of households in this neighborhood have a total annual income of $48,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,223 per month.

MINIMUM INCOME RANGE : $48,920

Income % Distribution
<$20K 9.4%
$20K-$35K 8.8%
$35K-$60K 24.6%
$60K-$100K 31.0%
>=$100K 26.2%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 4.4%
10-14 mins 9.6%
15-19 mins 7.7%
20-29 mins 32.0%
30-44 mins 25.7%
45-59 mins 10.2%
>60 mins 8.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,223 per month.

MY RENT : $1,223 MEDIAN RENT : $1,273

Rent % Distribution
$500-699 0.0%
$700-899 1.4%
$900-999 4.2%
$1,000-1,499 64.8%
>=$1,500 29.6%
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 $1,223 would therefore be considered affordable for annual household incomes greater than $48,920 (12 months x 3.333 x $1,223).

Rent % Affordability
Above $500 90.6%
Above $700 85.7%
Above $1,100 69.2%
Above $1,500 57.2%
Above $1,900 42.4%
HOUSEHOLD INCOME RANGE

Approximately 601 of households in this neighborhood have a total annual income of $48,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,223 per month.

MINIMUM INCOME RANGE : $48,920

Income % Distribution
<$20K 9.4%
$20K-$35K 8.8%
$35K-$60K 24.6%
$60K-$100K 31.0%
>=$100K 26.2%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 4.4%
10-14 mins 9.6%
15-19 mins 7.7%
20-29 mins 32.0%
30-44 mins 25.7%
45-59 mins 10.2%
>60 mins 8.4%

PEQUEA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.0%
Construction 11.8%
Educational Services 9.8%
Health Care & Social Assistance 14.3%
Manufacturing 12.1%
Retail & Wholesale Trader 14.2%
Other 29.8%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 31% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 20.0%
15-19 6.0%
20-24 5.0%
25-44 25.5%
45-65 31.7%
66+ 11.8%
OCCUPATION

Occupation % Distribution
Construction 8.2%
Healthcare 8.8%
Management, Business, & Financial 15.4%
Natural Resources Maintenance 21.8%
Production & Transportation 15.4%
Sales & Office 17.3%
Other 12.9%
HIGHEST EDUCATION LEVEL

14% 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 45.3%
Masters Degree 4.4%
Some College 16.9%
Some High School 11.9%
Other 13.2%

9 Ridge View Dr Comps

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9 Ridge View Dr, Pequea, PA 17565 is a single family home of 1,796 sqft. HomeUnion INVESTimateĀ® for 9 Ridge View Dr includes a Price Estimate of $256,784 and a Rent Estimate of $1,223. This single family home has 3 bedrooms,1 bathrooms, and was built in 1955. This property has an estimated 15 year annualized Yield of 5.72% and Total Return of 13.08%. The estimated 1 year forecast in home value for 9 Ridge View Dr is 4.69%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , LANCASTER County , or the 17565 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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