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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

98 Grove Rd Prosperity, PA 15329

3 Beds 1 Baths 1,118 sqft Built 1969
Last updated:  Nov 28, 2019

INVESTimate

$121,979

$113K - $131K

Price Est.

$851

745 - 957

Rent Est.

$125,980  ( +3.28%)   1 YR EST. FORECAST
  
  
  

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98 Grove Rd PROPERTY INFO

FACTS
  • Built In 1969
  • Price/Sqft : $109.10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,118 sqft
  • Baths : 1 Full

98 Grove Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MCGUFFEY HIGH SCHOOL High Regular 642 49 7

MCGUFFEY HIGH SCHOOL

  • Education Level: High
  • # of students: 642
  • # of teachers: 49
7
GreatSchools Rating
 

Financial Details

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Neighborhood

PROSPERITY

  • 1,555

    POPULATION
  • 597

    HOUSEHOLDS
  • 58.2%

    WHITE COLLAR

Neighborhood : PROSPERITY

HOUSEHOLDS
597
POPULATION

1,555

24.8%Renters
75.2%Home Owners
LABOR FORCE

 

58.2%White Collar
41.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $851 per month.

MY RENT : $851 MEDIAN RENT : $876

Rent % Distribution LEVEL
$500-699 11.6%
$700-899 44.8%
$900-999 16.8%
$1,000-1,499 13.8%
>=$1,500 13.1%
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 $851 would therefore be considered affordable for annual household incomes greater than $34,040 (12 months x 3.333 x $851).

Rent % Affordability
Above $500 86.1%
Above $700 83.1%
Above $1,100 65.5%
Above $1,500 56.1%
Above $1,900 42.4%
HOUSEHOLD INCOME RANGE

Approximately 1,062 of households in this neighborhood have a total annual income of $34,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $851 per month.

MINIMUM INCOME RANGE : $34,040

Income % Distribution
<$20K 13.9%
$20K-$35K 11.4%
$35K-$60K 18.7%
$60K-$100K 29.2%
>=$100K 26.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.3%
5-9 mins 3.4%
10-14 mins 6.4%
15-19 mins 9.8%
20-29 mins 29.3%
30-44 mins 25.6%
45-59 mins 10.6%
>60 mins 11.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $851 per month.

MY RENT : $851 MEDIAN RENT : $876

Rent % Distribution
$500-699 11.6%
$700-899 44.8%
$900-999 16.8%
$1,000-1,499 13.8%
>=$1,500 13.1%
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 $851 would therefore be considered affordable for annual household incomes greater than $34,040 (12 months x 3.333 x $851).

Rent % Affordability
Above $500 86.1%
Above $700 83.1%
Above $1,100 65.5%
Above $1,500 56.1%
Above $1,900 42.4%
HOUSEHOLD INCOME RANGE

Approximately 1,062 of households in this neighborhood have a total annual income of $34,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $851 per month.

MINIMUM INCOME RANGE : $34,040

Income % Distribution
<$20K 13.9%
$20K-$35K 11.4%
$35K-$60K 18.7%
$60K-$100K 29.2%
>=$100K 26.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.3%
5-9 mins 3.4%
10-14 mins 6.4%
15-19 mins 9.8%
20-29 mins 29.3%
30-44 mins 25.6%
45-59 mins 10.6%
>60 mins 11.7%

PROSPERITY Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 7.9%
Construction 11.2%
Health Care & Social Assistance 12.2%
Manufacturing 16.3%
Retail & Wholesale Trader 10.2%
Transportation 8.7%
Other 33.5%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 29% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 17.4%
15-19 7.8%
20-24 3.8%
25-44 19.9%
45-65 38.3%
66+ 12.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.1%
Healthcare 6.8%
Management, Business, & Financial 14.8%
Natural Resources Maintenance 18.4%
Production & Transportation 18.4%
Sales & Office 19.8%
Other 11.7%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.0%
High School 43.7%
Masters Degree 3.8%
Some College 19.5%
Some High School 9.0%
Other 13.0%

98 Grove Rd Comps

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98 Grove Rd, Prosperity, PA 15329 is a single family home of 1,118 sqft. HomeUnion INVESTimateĀ® for 98 Grove Rd includes a Price Estimate of $121,979 and a Rent Estimate of $851. This single family home has 3 bedrooms,1 bathrooms, and was built in 1969. This property has an estimated 15 year annualized Yield of 8.37% and Total Return of 16.07%. The estimated 1 year forecast in home value for 98 Grove Rd is 3.28%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , WASHINGTON County , or the 15329 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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