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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

902 Penn St Pittsburgh, PA 15215

3 Beds 3 Baths 2,240 sqft Built 1910
Last updated:  Oct 23, 2019

INVESTimate

$277,785

$258K - $297K

Price Est.

$1,103

947 - $1.3K

Rent Est.

$294,813  ( +6.13%)   1 YR EST. FORECAST
  
  
  

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902 Penn St PROPERTY INFO

FACTS
  • Built In 1910
  • Price/Sqft : $124.01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,240 sqft
  • Baths : 2 Full 1 Half

902 Penn St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FOX CHAPEL AREA HIGH SCHOOL High Regular 1,429 120 10

FOX CHAPEL AREA HIGH SCHOOL

  • Education Level: High
  • # of students: 1,429
  • # of teachers: 120
10
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

Sharpsburg

  • 3,376

    POPULATION
  • 1,587

    HOUSEHOLDS
  • 63.9%

    WHITE COLLAR

Neighborhood : Sharpsburg

HOUSEHOLDS
1,587
POPULATION

3,376

57.1%Renters
42.9%Home Owners
LABOR FORCE

 

63.9%White Collar
36.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,103 per month.

MY RENT : $1,103 MEDIAN RENT : $1,201

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.7%
$900-999 13.8%
$1,000-1,499 69.1%
>=$1,500 15.4%
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 $1,103 would therefore be considered affordable for annual household incomes greater than $44,120 (12 months x 3.333 x $1,103).

Rent % Affordability
Above $500 62.1%
Above $700 52.4%
Above $1,100 40.8%
Above $1,500 27.5%
Above $1,900 14.7%
HOUSEHOLD INCOME RANGE

Approximately 516 of households in this neighborhood have a total annual income of $44,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,103 per month.

MINIMUM INCOME RANGE : $44,120

Income % Distribution
<$20K 37.9%
$20K-$35K 15.7%
$35K-$60K 18.8%
$60K-$100K 20.9%
>=$100K 6.7%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 27% 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 3.4%
5-9 mins 9.3%
10-14 mins 14.6%
15-19 mins 9.5%
20-29 mins 25.8%
30-44 mins 26.7%
45-59 mins 5.7%
>60 mins 4.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,103 per month.

MY RENT : $1,103 MEDIAN RENT : $1,201

Rent % Distribution
$500-699 0.0%
$700-899 1.7%
$900-999 13.8%
$1,000-1,499 69.1%
>=$1,500 15.4%
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 $1,103 would therefore be considered affordable for annual household incomes greater than $44,120 (12 months x 3.333 x $1,103).

Rent % Affordability
Above $500 62.1%
Above $700 52.4%
Above $1,100 40.8%
Above $1,500 27.5%
Above $1,900 14.7%
HOUSEHOLD INCOME RANGE

Approximately 516 of households in this neighborhood have a total annual income of $44,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,103 per month.

MINIMUM INCOME RANGE : $44,120

Income % Distribution
<$20K 37.9%
$20K-$35K 15.7%
$35K-$60K 18.8%
$60K-$100K 20.9%
>=$100K 6.7%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 27% 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 3.4%
5-9 mins 9.3%
10-14 mins 14.6%
15-19 mins 9.5%
20-29 mins 25.8%
30-44 mins 26.7%
45-59 mins 5.7%
>60 mins 4.9%

Sharpsburg Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.2%
Construction 5.6%
Financial Industries 7.8%
Health Care & Social Assistance 19.7%
Manufacturing 12.4%
Retail & Wholesale Trader 22.1%
Other 24.2%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 28% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 14.5%
15-19 5.7%
20-24 7.6%
25-44 24.9%
45-65 30.7%
66+ 16.6%
OCCUPATION

Occupation % Distribution
Healthcare 11.0%
Management, Business, & Financial 21.9%
Natural Resources Maintenance 8.0%
PCare 4.1%
Production & Transportation 18.0%
Sales & Office 25.3%
Other 11.6%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.1%
High School 41.4%
Masters Degree 2.4%
Some College 15.9%
Some High School 13.4%
Other 14.7%

902 Penn St Comps

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902 Penn St, Pittsburgh, PA 15215 is a single family home of 2,240 sqft. HomeUnion INVESTimateĀ® for 902 Penn St includes a Price Estimate of $277,785 and a Rent Estimate of $1,103. This single family home has 3 bedrooms,3 bathrooms, and was built in 1910. This property has an estimated 15 year annualized Yield of 4.76% and Total Return of 15.27%. The estimated 1 year forecast in home value for 902 Penn St is 6.13%.

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