218 Forrest Ave · Norristown, PA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $511 – $949
Heat risk 6/10 · Moderate
- Hot days now (above 102°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the C grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +23.1/30.0
- ARV discount +8.1/15.0
- DSCR +7.4/10.0
- 1% rule +6.0/10.0
- Livability +4.2/5.0
- Rent growth +2.8/5.0
- Condition / age +2.5/5.0
- Schools +2.2/10.0
- Appreciation +0.0/10.0
$229,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This house is currently rented for $2000.00 per month, but tenants are relocated and will be out by July 31. Welcome to this super clean, 3 story home. Lots of pride of ownership show through at every turn. Walk along the picket fence and admire the front with beautiful plantings. The large covered front porch is a great place to enjoy the pretty front yard. Once inside, you're in the entry vestibule and living room with neutral carpet, freshly painted walls and ceiling fans. Follow through to the kitchen with newer appliances (2023) and solid cherry wood cabinets and countertops installed in 2023, new vinyl flooring (2023, dishwasher and lots of storage. Continue to the back mudroom, with an oversized walk in closet (could easily be converted into a half bath). A rear deck overlooking more gardens of vegetables and perennials. There is also an off street parking spot in the rear. Upstairs you'll find the master bedroom and the office/nursery. The bathroom is extremely spacious with the toilet and tub in one area and the sink and oversized closet in the dressing room area with new cabinets. The 3rd floor houses 2 more large bedrooms. The laundry is located in the basement which offers plenty of storage and cabinets/countertops. Replacement window were done in 2017 and more in 2023. Buyer is responsible for U & O. Located in the west end of Norristown, West Norriton is right across the street! Close to major routes, the King of Prussia Mall, and the train station.
Key facts
- Parking
- Built 1900
- Listed 4 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 5-bed/1.0-bath townhouse listed at $230k.
Deal economics
- At list price, monthly cash flow is $411 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $230k).
- Cap rate 8.4% vs local median 4.2% in Norristown — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 84/100 on livability (#100 in PA, #720 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, crime D-.
- Norristown Area SD (suburban): math 18% / reading 31% proficiency, ranked #466 of 539 in PA (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents rising (+1.3%/yr); 166 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 1,936 units permitted in Montgomery County in 2024 (530 in 5+ unit buildings).
- This rent runs 44% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
- Montgomery County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
Negotiation context
- Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
- 4 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.10% ✓
- Cap rate
- 8.44%
- Cash-on-cash
- 7.67%
- DSCR
- 1.34
- GRM
- 7.5
CMA / ARV
- ARV (on-the-fly)
- $232,900
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 218 Forrest Ave | 0.00mi | 4/1.0 (-1) | 1,700 (0%) | 1mo | $234,900 | $138 | 94 |
| 1234 Oakwood Ave | 0.26mi | 5/1.5 | 1,840 (+8%) | 10mo | $250,000 | $136 | 64 |
| 564 Hamilton St | 0.36mi | 5/2.0 | 1,816 (+7%) | 7mo | $269,750 | $149 | 62 |
| 804 W Elm St | 0.74mi | 5/1.0 | 1,710 (+1%) | 6mo | $175,000 | $102 | 59 |
| 725 W Lafayette St | 0.50mi | 4/2.0 (-1) | 1,770 (+4%) | 5mo | $245,500 | $139 | 57 |
| 513 Kohn St | 0.61mi | 4/1.5 (-1) | 1,729 (+2%) | 11mo | $225,000 | $130 | 53 |
| 648 Kohn St | 0.71mi | 5/1.5 | 1,828 (+8%) | 4mo | $185,000 | $101 | 49 |
| 517 Stanbridge St | 0.46mi | 4/1.5 (-1) | 1,872 (+10%) | 9mo | $180,000 | $96 | 47 |
| 709 Belair Cir | 0.49mi | 4/1.5 (-1) | 1,482 (-13%) | 2mo | $295,000 | $199 | 47 |
| 709 Stanbridge St | 0.61mi | 5/1.5 | 1,902 (+12%) | 10mo | $322,000 | $169 | 41 |
| 657 Kohn St | 0.71mi | 4/1.5 (-1) | 1,812 (+7%) | 11mo | $210,000 | $116 | 40 |
| 225 Chain St | 0.68mi | 5/2.0 | 1,932 (+14%) | 10mo | $265,000 | $137 | 33 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 1.29% rent growth · sell at horizon
- IRR
- -6.5%
- Equity multiple
- 0.76×
- Total profit
- $-15,309
- Equity at exit
- $34,279
- IRR
- 0.8%
- Equity multiple
- 1.06×
- Total profit
- $3,541
- Equity at exit
- $19,878
Cash invested: $64,372 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 62 Landlord-Friendly
- State Pennsylvania
- 62 Landlord-Friendly · EVEN
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 19401
- Rents YoY
- 1.3%
- Active inventory
- 166
- Price-to-rent
- 7.5×
Monthly cashflow live
- Estimated rent
- $2,540 high interval (Pro) →
- Mortgage (P&I)
- −$1,206
- Tax from tax record
- −$294 /mo · $3,526/yr
- Insurance
- −$96
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$533
- Net cashflow
- $411
Break-even live
Sensitivity live
| Price | -10% $542 | -5% $476 | +0% $411 | +5% $346 | +10% $281 |
|---|---|---|---|---|---|
| Rent | -10% $211 | -5% $311 | +0% $411 | +5% $512 | +10% $612 |
| Rate | -1.0pp $527 | -0.5pp $470 | base $411 | +0.5pp $352 | +1.0pp $291 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $57,475
- Closing costs
- $6,897
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 8 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 533 Buttonwood St Norristown, PA | 5.0 | 2.0 | 1888 | $2,300 | $1.22 | 16d | 1 | 0.33mi |
| 540 George St Norristown, PA | 5.0 | 2.0 | 2054 | $2,595 | $1.26 | 25d | 1 | 0.71mi |
| 712 George St Unit 2 Norristown, PA | 4.0 | 1.0 | 1485 | $2,500 | $1.68 | 44d | 1 | 0.80mi |
| 134 W Airy St Norristown, PA | 4.0 | 1.0 | 1116 | $3,036 | $2.72 | 44d | 1 | 1.02mi |
| 126 W Elm St Norristown, PA | 4.0 | 1.5 | 1500 | $2,000 | $1.33 | 16d | 1 | 1.09mi |
| 669 N Henderson Rd King of Prussia, PA | 4.0 | 2.5 | 2228 | $3,500 | $1.57 | 2d | 1 | 1.10mi |
| 534 Green St Norristown, PA | 4.0 | 1.0 | 1612 | $1,800 | $1.12 | 23d | 1 | 1.33mi |
| 217 E Marshall St Norristown, PA | 5.0 | 1.5 | 2142 | $2,450 | $1.14 | 5d | 1 | 1.36mi |
Listing history 19 events
-
2026-04-21status Pending
-
2026-04-17$229,900 Active
-
2026-04-12historical $229,900
-
2025-10-24soldstatus $220,000
-
2025-10-03soldstatus $220,000 Closed 1493-char remark
Show marketing remark (1493 chars)
This house is currently rented for $2000.00 per month, but tenants are relocated and will be out by July 31. Welcome to this super clean, 3 story home. Lots of pride of ownership show through at every turn. Walk along the picket fence and admire the front with beautiful plantings. The large covered front porch is a great place to enjoy the pretty front yard. Once inside, you're in the entry vestibule and living room with neutral carpet, freshly painted walls and ceiling fans. Follow through to the kitchen with newer appliances (2023) and solid cherry wood cabinets and countertops installed in 2023, new vinyl flooring (2023, dishwasher and lots of storage. Continue to the back mudroom, with an oversized walk in closet (could easily be converted into a half bath). A rear deck overlooking more gardens of vegetables and perennials. There is also an off street parking spot in the rear. Upstairs you'll find the master bedroom and the office/nursery. The bathroom is extremely spacious with the toilet and tub in one area and the sink and oversized closet in the dressing room area with new cabinets. The 3rd floor houses 2 more large bedrooms. The laundry is located in the basement which offers plenty of storage and cabinets/countertops. Replacement window were done in 2017 and more in 2023. Buyer is responsible for U & O. Located in the west end of Norristown, West Norriton is right across the street! Close to major routes, the King of Prussia Mall, and the train station.
-
2025-08-12status Pending 1493-char remark
Show marketing remark (1493 chars)
This house is currently rented for $2000.00 per month, but tenants are relocated and will be out by July 31. Welcome to this super clean, 3 story home. Lots of pride of ownership show through at every turn. Walk along the picket fence and admire the front with beautiful plantings. The large covered front porch is a great place to enjoy the pretty front yard. Once inside, you're in the entry vestibule and living room with neutral carpet, freshly painted walls and ceiling fans. Follow through to the kitchen with newer appliances (2023) and solid cherry wood cabinets and countertops installed in 2023, new vinyl flooring (2023, dishwasher and lots of storage. Continue to the back mudroom, with an oversized walk in closet (could easily be converted into a half bath). A rear deck overlooking more gardens of vegetables and perennials. There is also an off street parking spot in the rear. Upstairs you'll find the master bedroom and the office/nursery. The bathroom is extremely spacious with the toilet and tub in one area and the sink and oversized closet in the dressing room area with new cabinets. The 3rd floor houses 2 more large bedrooms. The laundry is located in the basement which offers plenty of storage and cabinets/countertops. Replacement window were done in 2017 and more in 2023. Buyer is responsible for U & O. Located in the west end of Norristown, West Norriton is right across the street! Close to major routes, the King of Prussia Mall, and the train station.
-
2025-07-13$225,000 Active 1493-char remark
Show marketing remark (1493 chars)
This house is currently rented for $2000.00 per month, but tenants are relocated and will be out by July 31. Welcome to this super clean, 3 story home. Lots of pride of ownership show through at every turn. Walk along the picket fence and admire the front with beautiful plantings. The large covered front porch is a great place to enjoy the pretty front yard. Once inside, you're in the entry vestibule and living room with neutral carpet, freshly painted walls and ceiling fans. Follow through to the kitchen with newer appliances (2023) and solid cherry wood cabinets and countertops installed in 2023, new vinyl flooring (2023, dishwasher and lots of storage. Continue to the back mudroom, with an oversized walk in closet (could easily be converted into a half bath). A rear deck overlooking more gardens of vegetables and perennials. There is also an off street parking spot in the rear. Upstairs you'll find the master bedroom and the office/nursery. The bathroom is extremely spacious with the toilet and tub in one area and the sink and oversized closet in the dressing room area with new cabinets. The 3rd floor houses 2 more large bedrooms. The laundry is located in the basement which offers plenty of storage and cabinets/countertops. Replacement window were done in 2017 and more in 2023. Buyer is responsible for U & O. Located in the west end of Norristown, West Norriton is right across the street! Close to major routes, the King of Prussia Mall, and the train station.
-
2018-06-27price $119,900 1451-char remark
Show marketing remark (1451 chars)
Positively the best in it's class! Welcome to this super clean, gently lived in 3 story home. Lots of love and pride of ownership show through at every turn. Walk along the picket fence and admire the front with beautiful plantings. The large covered front porch is a great place to enjoy the pretty front yard. Once inside, you're in the entry vestibule and living room with neutral carpet, freshly painted walls and 2 ceiling fans. Follow through to the kitchen with solid wood cabinets, newer laminate flooring, double sink, dishwasher and lots of storage. Continue to the 3 season back room, currently being used as a dining room but it has so many possibilities. A sliding glass door leads you to the back deck overlooking more gardens of vegetables and perennials. There is space in the back for off street parking if the fence were to be removed. Upstairs you'll find the master bedroom and the office, which could be a bedroom. The bathroom is extremely spacious with the toilet and tub in one area and the sink and oversized closet in the dressing room area. The 3rd floor houses 2 more large bedrooms. Laundry is located in the basement which offers plenty of storage. Located in the west end of Norristown, West Norriton is right across the street! Close to major routes and the train station for communing and plenty of shopping opportunities. (The old wood stove shown in the pictures in the 3 season room has been removed from the home).
-
2017-12-08soldstatus $105,000 Closed 1451-char remark
Show marketing remark (1451 chars)
Positively the best in it's class! Welcome to this super clean, gently lived in 3 story home. Lots of love and pride of ownership show through at every turn. Walk along the picket fence and admire the front with beautiful plantings. The large covered front porch is a great place to enjoy the pretty front yard. Once inside, you're in the entry vestibule and living room with neutral carpet, freshly painted walls and 2 ceiling fans. Follow through to the kitchen with solid wood cabinets, newer laminate flooring, double sink, dishwasher and lots of storage. Continue to the 3 season back room, currently being used as a dining room but it has so many possibilities. A sliding glass door leads you to the back deck overlooking more gardens of vegetables and perennials. There is space in the back for off street parking if the fence were to be removed. Upstairs you'll find the master bedroom and the office, which could be a bedroom. The bathroom is extremely spacious with the toilet and tub in one area and the sink and oversized closet in the dressing room area. The 3rd floor houses 2 more large bedrooms. Laundry is located in the basement which offers plenty of storage. Located in the west end of Norristown, West Norriton is right across the street! Close to major routes and the train station for communing and plenty of shopping opportunities. (The old wood stove shown in the pictures in the 3 season room has been removed from the home).
-
2017-12-08soldstatus $105,000 Sold
Show marketing remark (1451 chars)
Positively the best in it's class! Welcome to this super clean, gently lived in 3 story home. Lots of love and pride of ownership show through at every turn. Walk along the picket fence and admire the front with beautiful plantings. The large covered front porch is a great place to enjoy the pretty front yard. Once inside, you're in the entry vestibule and living room with neutral carpet, freshly painted walls and 2 ceiling fans. Follow through to the kitchen with solid wood cabinets, newer laminate flooring, double sink, dishwasher and lots of storage. Continue to the 3 season back room, currently being used as a dining room but it has so many possibilities. A sliding glass door leads you to the back deck overlooking more gardens of vegetables and perennials. There is space in the back for off street parking if the fence were to be removed. Upstairs you'll find the master bedroom and the office, which could be a bedroom. The bathroom is extremely spacious with the toilet and tub in one area and the sink and oversized closet in the dressing room area. The 3rd floor houses 2 more large bedrooms. Laundry is located in the basement which offers plenty of storage. Located in the west end of Norristown, West Norriton is right across the street! Close to major routes and the train station for communing and plenty of shopping opportunities. (The old wood stove shown in the pictures in the 3 season room has been removed from the home).
-
2017-12-08soldstatus $105,000
Show marketing remark (1451 chars)
Positively the best in it's class! Welcome to this super clean, gently lived in 3 story home. Lots of love and pride of ownership show through at every turn. Walk along the picket fence and admire the front with beautiful plantings. The large covered front porch is a great place to enjoy the pretty front yard. Once inside, you're in the entry vestibule and living room with neutral carpet, freshly painted walls and 2 ceiling fans. Follow through to the kitchen with solid wood cabinets, newer laminate flooring, double sink, dishwasher and lots of storage. Continue to the 3 season back room, currently being used as a dining room but it has so many possibilities. A sliding glass door leads you to the back deck overlooking more gardens of vegetables and perennials. There is space in the back for off street parking if the fence were to be removed. Upstairs you'll find the master bedroom and the office, which could be a bedroom. The bathroom is extremely spacious with the toilet and tub in one area and the sink and oversized closet in the dressing room area. The 3rd floor houses 2 more large bedrooms. Laundry is located in the basement which offers plenty of storage. Located in the west end of Norristown, West Norriton is right across the street! Close to major routes and the train station for communing and plenty of shopping opportunities. (The old wood stove shown in the pictures in the 3 season room has been removed from the home).
-
2017-11-20status Under Contract
-
2017-10-27price $119,900
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2017-09-14price $123,000
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2017-08-21$130,000 Active
Show marketing remark (1451 chars)
Positively the best in it's class! Welcome to this super clean, gently lived in 3 story home. Lots of love and pride of ownership show through at every turn. Walk along the picket fence and admire the front with beautiful plantings. The large covered front porch is a great place to enjoy the pretty front yard. Once inside, you're in the entry vestibule and living room with neutral carpet, freshly painted walls and 2 ceiling fans. Follow through to the kitchen with solid wood cabinets, newer laminate flooring, double sink, dishwasher and lots of storage. Continue to the 3 season back room, currently being used as a dining room but it has so many possibilities. A sliding glass door leads you to the back deck overlooking more gardens of vegetables and perennials. There is space in the back for off street parking if the fence were to be removed. Upstairs you'll find the master bedroom and the office, which could be a bedroom. The bathroom is extremely spacious with the toilet and tub in one area and the sink and oversized closet in the dressing room area. The 3rd floor houses 2 more large bedrooms. Laundry is located in the basement which offers plenty of storage. Located in the west end of Norristown, West Norriton is right across the street! Close to major routes and the train station for communing and plenty of shopping opportunities. (The old wood stove shown in the pictures in the 3 season room has been removed from the home).
-
2017-08-21$123,000 Active 1451-char remark
Show marketing remark (1451 chars)
Positively the best in it's class! Welcome to this super clean, gently lived in 3 story home. Lots of love and pride of ownership show through at every turn. Walk along the picket fence and admire the front with beautiful plantings. The large covered front porch is a great place to enjoy the pretty front yard. Once inside, you're in the entry vestibule and living room with neutral carpet, freshly painted walls and 2 ceiling fans. Follow through to the kitchen with solid wood cabinets, newer laminate flooring, double sink, dishwasher and lots of storage. Continue to the 3 season back room, currently being used as a dining room but it has so many possibilities. A sliding glass door leads you to the back deck overlooking more gardens of vegetables and perennials. There is space in the back for off street parking if the fence were to be removed. Upstairs you'll find the master bedroom and the office, which could be a bedroom. The bathroom is extremely spacious with the toilet and tub in one area and the sink and oversized closet in the dressing room area. The 3rd floor houses 2 more large bedrooms. Laundry is located in the basement which offers plenty of storage. Located in the west end of Norristown, West Norriton is right across the street! Close to major routes and the train station for communing and plenty of shopping opportunities. (The old wood stove shown in the pictures in the 3 season room has been removed from the home).
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1985-10-23soldstatus $46,500
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1985-06-27soldstatus $45,000
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1984-07-20soldstatus $42,900
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast PA · Partial reset (capped growth)
- Current annual tax
- $3,526 · $294/mo
- Projected year-2 tax
- $3,579 · $298/mo
- Expected delta
- +$53/yr (+$4/mo · 1.5%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 6/10 Major 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
- Wind 6/10 Major 27% chance of damaging wind over 30 yrs
- Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $30,480
- − Mortgage interest
- −$12,878
- − Property taxes
- −$3,526
- − Insurance
- −$1,150
- − Repairs & maintenance
- −$2,438
- − Management
- −$2,438
- − Depreciation
- −$6,688
- Taxable income
- $1,362
- Est. tax owed @ 24.0%
- −$327
- After-tax cash flow
- $4,610/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Norristown Area SD
- NCES district ID
- 4216980
- Math proficiency
- 18% ▼ -11.00%
- Reading proficiency
- 31% ▼ -14.00%
- Median HH income
- $56,024
- Composite
- 22.17/100
- National rank
- #8166
- State rank
- #466 of 539 in PA
Livability — Norristown
- Score
- 84/100
- State rank
- #100
- US rank
- #720
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Norristown, PA
- County
- Montgomery County · 712,331 people
- City population
- 87,376
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Population (ZIP)
- 43,359
- Household income
- $69,908
- Rent vs Own
- Severe rent burden
- 2725.0
Population outlook (Montgomery County) Hauer SSP2
- Today (2025)
- 856,074 people
- By 2030
- 870,887 · +1.7%
- By 2040
- 891,195 · +4.1%
- By 2050
- 896,417 · +4.7%
- By 2075
- 903,212 · +5.5%
- By 2100
- 843,240 · -1.5%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Highly diverse neighborhood (Simpson 0.72)
- Race & ethnicity
- White 33% Black 29% Hispanic / Latino 29% Two or more races 16% Asian 3% Native American 2%
- Hispanic origin (detail)
- Mexican 16% Puerto Rican 5% Dominican 2%
- Common ancestry
- Romanian 3% Slovak 1%
- Foreign-born
- 17% · Canada, Jamaica, South Korea
- Languages at home
- 71% English-only · Spanish 22% Other Indo-European 2% Russian/Polish/Slavic 1%
Political lean MEDSL · Montgomery
- 2024 margin
- Strong D (+22.8) · D 60.9% · R 38.1% · Other 1.1%
- 2008→2024 swing
- +2.0pp toward D · 2008: 20.8pp · 2024: 22.8pp
- All cycles
- 2024: D+22.8 2020: D+26.3 2016: D+21.1 2012: D+14.3 2008: D+20.8
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -203.75%
- Current HPI
- 301.7748
- Rent YoY
- ▲ 1.29%
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- State GDP YoY
- ▲ 1.68%
- F500 in state
- 34
Industry mix (Fortune 500 HQ in PA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Healthcare | 2 | $309B |
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| Insurance | 2 | $27B |
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| Telecommunications / Media | 1 | $124B |
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| Industrial Distribution | 1 | $22B |
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| Financial Services | 1 | $20B |
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| Chemicals / Materials | 1 | $18B |
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Price history
+435.9% since first listed19 events — show timeline
- 2026-04-21 Pending — BRIGHT MLS
- 2026-04-17 Listed $229,900 BRIGHT MLS
- 2026-04-12 Coming Soon $229,900 BRIGHT MLS
- 2025-10-24 Sold (Public Records) $220,000 Public Records
- 2025-10-03 Sold (MLS) $220,000 BRIGHT MLS
- 2025-08-12 Pending — BRIGHT MLS
- 2025-07-13 Listed $225,000 BRIGHT MLS
- 2018-06-27 Price Changed $119,900 BRIGHT MLS
- 2017-12-08 Sold (Public Records) $105,000 Public Records
- 2017-12-08 Sold (MLS) $105,000 TREND
- 2017-12-08 Sold (MLS) $105,000 BRIGHT MLS
- 2017-11-20 Pending — TREND
- 2017-10-27 Price Changed $119,900 TREND
- 2017-09-14 Price Changed $123,000 TREND
- 2017-08-21 Listed $130,000 TREND
- 2017-08-21 Listed $123,000 BRIGHT MLS
- 1985-10-23 Sold (Public Records) $46,500 Public Records
- 1985-06-27 Sold (Public Records) $45,000 Public Records
- 1984-07-20 Sold (Public Records) $42,900 Public Records
Property tax history
+2.6%/yrLatest (2026): $3,526 · +2.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…