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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.

936 Plank Rd New Freedom, PA 17349

3 Beds 2 Baths 2,204 sqft Built 1984
Last updated:  Jan 23, 2020

INVESTimate

$289,728

$274K - $305K

Price Est.

$1,796

$1.6K - $2.0K

Rent Est.

$296,913  ( +2.48%)   1 YR EST. FORECAST

936 Plank Rd PROPERTY INFO

FACTS
  • Built In 1984
  • Price/Sqft : $131.46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,204 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
936 Plank Rd, New Freedom, PA 17349 is a single family home of 2,204 sqft. HomeUnion estimate for 936 Plank Rd includes a Price Estimate of $289,728 and a Rent Estimate of $1,796. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1984. This property has an estimated 15 year annualized Yield of 7.44% and Total Return of 13.06%. The estimated 1 year forecast in home value for 936 Plank Rd is 2.48%.
  
  
  

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936 Plank Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
KENNARD-DALE HIGH SCHOOL High Regular 919 74 7

KENNARD-DALE HIGH SCHOOL

  • Education Level: High
  • # of students: 919
  • # of teachers: 74
7
GreatSchools Rating
 

Financial Details

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Neighborhood

NEW FREEDOM

  • 7,855

    POPULATION
  • 3,016

    HOUSEHOLDS
  • 65.7%

    WHITE COLLAR

Neighborhood : NEW FREEDOM

HOUSEHOLDS
3,016
POPULATION

7,855

13.8%Renters
86.2%Home Owners
LABOR FORCE

 

65.7%White Collar
34.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,796 per month.

MY RENT : $1,796 MEDIAN RENT : $1,663

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.6%
$900-999 0.9%
$1,000-1,499 34.9%
>=$1,500 62.6%
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 $1,796 would therefore be considered affordable for annual household incomes greater than $71,840 (12 months x 3.333 x $1,796).

Rent % Affordability
Above $500 92.5%
Above $700 87.3%
Above $1,100 75.5%
Above $1,500 63.3%
Above $1,900 54.7%
HOUSEHOLD INCOME RANGE

Approximately 1,411 of households in this neighborhood have a total annual income of $71,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,796 per month.

MINIMUM INCOME RANGE : $71,840

Income % Distribution
<$20K 7.5%
$20K-$35K 9.1%
$35K-$60K 20.1%
$60K-$100K 23.0%
>=$100K 40.3%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 38% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 10.4%
10-14 mins 5.7%
15-19 mins 6.4%
20-29 mins 8.5%
30-44 mins 27.5%
45-59 mins 16.4%
>60 mins 21.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,796 per month.

MY RENT : $1,796 MEDIAN RENT : $1,663

Rent % Distribution
$500-699 0.0%
$700-899 1.6%
$900-999 0.9%
$1,000-1,499 34.9%
>=$1,500 62.6%
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 $1,796 would therefore be considered affordable for annual household incomes greater than $71,840 (12 months x 3.333 x $1,796).

Rent % Affordability
Above $500 92.5%
Above $700 87.3%
Above $1,100 75.5%
Above $1,500 63.3%
Above $1,900 54.7%
HOUSEHOLD INCOME RANGE

Approximately 1,411 of households in this neighborhood have a total annual income of $71,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,796 per month.

MINIMUM INCOME RANGE : $71,840

Income % Distribution
<$20K 7.5%
$20K-$35K 9.1%
$35K-$60K 20.1%
$60K-$100K 23.0%
>=$100K 40.3%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 38% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 10.4%
10-14 mins 5.7%
15-19 mins 6.4%
20-29 mins 8.5%
30-44 mins 27.5%
45-59 mins 16.4%
>60 mins 21.7%

NEW FREEDOM Demographics

INDUSTRY

Industry % Distribution
Construction 10.6%
Health Care & Social Assistance 14.3%
Manufacturing 9.7%
Professional & Scientific Tech Services 7.7%
Retail & Wholesale Trader 13.8%
Transportation 8.1%
Other 35.7%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 31% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 19.4%
15-19 7.0%
20-24 4.3%
25-44 19.0%
45-65 31.1%
66+ 19.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.7%
Healthcare 8.1%
Management, Business, & Financial 22.6%
Natural Resources Maintenance 13.5%
Production & Transportation 9.4%
Sales & Office 21.4%
Other 16.4%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.0%
High School 30.9%
Masters Degree 8.3%
Some College 15.9%
Some High School 6.5%
Other 30.4%

936 Plank 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 , YORK County , or the 17349 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

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