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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

Hoffmansville Rd Frederick, PA 19435

6 Beds 4 Baths 3,800 sqft Built 1900
Last updated:  Oct 23, 2019

INVESTimate

$319,210

$301K - $337K

Price Est.

$2,627

$2.4K - $2.9K

Rent Est.

$325,498  ( +1.97%)   1 YR EST. FORECAST
  
  
  

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Hoffmansville Rd PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $84.00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,800 sqft
  • Baths : 4 Full

Hoffmansville Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BOYERTOWN AREA SENIOR HIGH SCHOOL High Regular 1,733 107 7

BOYERTOWN AREA SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,733
  • # of teachers: 107
7
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

FREDERICK

  • 159

    POPULATION
  • 62

    HOUSEHOLDS
  • 72.3%

    WHITE COLLAR

Neighborhood : FREDERICK

HOUSEHOLDS
62
POPULATION

159

12.9%Renters
87.1%Home Owners
LABOR FORCE

 

72.3%White Collar
27.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,627 per month.

MY RENT : $2,627 MEDIAN RENT : $1,481

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.4%
$1,000-1,499 54.8%
>=$1,500 43.8%
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 $2,627 would therefore be considered affordable for annual household incomes greater than $105,080 (12 months x 3.333 x $2,627).

Rent % Affordability
Above $500 93.3%
Above $700 88.7%
Above $1,100 82.0%
Above $1,500 73.3%
Above $1,900 59.0%
HOUSEHOLD INCOME RANGE

Approximately 12 of households in this neighborhood have a total annual income of $105,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,627 per month.

MINIMUM INCOME RANGE : $105,080

Income % Distribution
<$20K 6.7%
$20K-$35K 8.3%
$35K-$60K 11.7%
$60K-$100K 38.3%
>=$100K 35.0%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.6%
5-9 mins 5.3%
10-14 mins 9.2%
15-19 mins 15.8%
20-29 mins 14.5%
30-44 mins 22.4%
45-59 mins 14.5%
>60 mins 15.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,627 per month.

MY RENT : $2,627 MEDIAN RENT : $1,481

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.4%
$1,000-1,499 54.8%
>=$1,500 43.8%
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 $2,627 would therefore be considered affordable for annual household incomes greater than $105,080 (12 months x 3.333 x $2,627).

Rent % Affordability
Above $500 93.3%
Above $700 88.7%
Above $1,100 82.0%
Above $1,500 73.3%
Above $1,900 59.0%
HOUSEHOLD INCOME RANGE

Approximately 12 of households in this neighborhood have a total annual income of $105,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,627 per month.

MINIMUM INCOME RANGE : $105,080

Income % Distribution
<$20K 6.7%
$20K-$35K 8.3%
$35K-$60K 11.7%
$60K-$100K 38.3%
>=$100K 35.0%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.6%
5-9 mins 5.3%
10-14 mins 9.2%
15-19 mins 15.8%
20-29 mins 14.5%
30-44 mins 22.4%
45-59 mins 14.5%
>60 mins 15.8%

FREDERICK Demographics

INDUSTRY

Industry % Distribution
Construction 12.9%
Educational Services 10.6%
Financial Industries 9.4%
Health Care & Social Assistance 23.5%
Manufacturing 15.3%
Professional & Scientific Tech Services 7.1%
Other 21.2%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 25% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 13.2%
15-19 6.9%
20-24 5.0%
25-44 15.7%
45-65 36.5%
66+ 22.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.9%
Construction 10.9%
Management, Business, & Financial 16.4%
Natural Resources Maintenance 14.5%
Production & Transportation 10.9%
Sales & Office 18.2%
Other 18.2%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.2%
High School 31.9%
Masters Degree 14.7%
Some College 15.5%
Some High School 9.5%
Other 23.3%

Hoffmansville Rd Comps

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Hoffmansville Rd, Frederick, PA 19435 is a single family home of 3,800 sqft. HomeUnion INVESTimateĀ® for Hoffmansville Rd includes a Price Estimate of $319,210 and a Rent Estimate of $2,627. This single family home has 6 bedrooms,4 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 9.88% and Total Return of 22.61%. The estimated 1 year forecast in home value for Hoffmansville Rd is 1.97%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , MONTGOMERY County , or the 19435 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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