331 W Fornance St · 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
- 5 days/yr
- Unhealthy air days in 30 yrs
- 8 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D 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).
- ARV discount +15.0/15.0
- Cash flow +9.2/30.0
- Livability +4.2/5.0
- 1% rule +3.2/10.0
- Rent growth +2.8/5.0
- DSCR +2.6/10.0
- Condition / age +2.5/5.0
- Schools +2.2/10.0
- Appreciation +0.0/10.0
$250,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to this brick corner twin, situated in a great location within walking distance to beautiful Elmwood Park. A classic covered front porch invites you inside, where you’ll find a traditional layout featuring a comfortable living room, dining room, and a functional kitchen equipped with an electric range and dishwasher. The second level offers three well‑sized bedrooms and a full hall bathroom with a tub. The home also includes an unfinished basement with an outside exit, offering storage potential along with a laundry area featuring a stationary tub. Additional conveniences include off‑street parking located at the rear of the property. This home is being sold as‑is, presenting a fantastic opportunity for buyers seeking value and vision. The buyer is responsible for the Use & Occupancy, including all borough-required repairs, certifications, and associated costs. Open/exposed areas shown in the photos are intentionally displayed to show the repairs; seller will not be patching these areas. With its solid structure, walkable location, and promising potential, this property is ideal for investors, DIY enthusiasts, or anyone looking to customize a home to their own style.
Key facts
- Covered front porch
- Functional kitchen
- Brick corner twin
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $250k.
Deal economics
- At list price, monthly cash flow is $-187 ($-2k/yr) — negative.
- To cash-flow at today's rent, offer at most $217k (13.2% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $206k (17.6% below list).
- Recommended offer: $206k (17.6% below list) — sets the bar for 1% rule.
- Cap rate 5.4% vs local median 4.2% in Norristown — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.
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; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 35% 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 $8k 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
- It's been on market 61 days — a 6% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 11y 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.
- Current owner paid $100k; list at $250k implies a 150% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1935 — 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
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 61 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
- Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- 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?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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
- 0.82% ✗
- Cap rate
- 5.40%
- Cash-on-cash
- -3.21%
- DSCR
- 0.86
- GRM
- 10.1
CMA / ARV
- ARV (median comp)
- $314,351
- List price
- $250,000
- Delta
- -20.47%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 5 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 421 W Poplar St | 0.08mi | 3/1.0 | 1,504 (+9%) | 10mo | $245,000 | $163 | 72 |
| 1504 Astor St | 0.14mi | 3/2.0 | 1,351 (-2%) | 18mo | $350,000 | $259 | 71 |
| 1437 Pine St | 0.20mi | 4/1.0 (+1) | 1,432 (+4%) | 20mo | $347,000 | $242 | 62 |
| 1032 Green St | 0.58mi | 3/1.0 | 1,377 (+0%) | 14mo | $130,000 | $94 | 61 |
| 318 E Wood St | 0.66mi | 4/1.0 (+1) | 1,519 (+10%) | 17mo | $309,000 | $203 | 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
- -23.6%
- Equity multiple
- 0.20×
- Total profit
- $-55,820
- Equity at exit
- $37,276
- IRR
- -24.2%
- Equity multiple
- -0.11×
- Total profit
- $-77,413
- Equity at exit
- $21,615
Cash invested: $70,000 (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
- 10.1×
Monthly cashflow live
- Estimated rent
- $2,059 high interval (Pro) →
- Mortgage (P&I)
- −$1,311
- Tax from tax record
- −$399 /mo · $4,782/yr
- Insurance
- −$104
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$432
- Net cashflow
- $-187
Break-even live
Sensitivity live
| Price | -10% $-45 | -5% $-116 | +0% $-187 | +5% $-258 | +10% $-329 |
|---|---|---|---|---|---|
| Rent | -10% $-350 | -5% $-268 | +0% $-187 | +5% $-106 | +10% $-24 |
| Rate | -1.0pp $-61 | -0.5pp $-123 | base $-187 | +0.5pp $-252 | +1.0pp $-318 |
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
- $62,500
- Closing costs
- $7,500
- 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 36 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1331 Astor St Unit 2 Norristown, PA | 2.0 | 1.0 | 1720 | $1,900 | $1.10 | 7d | 1 | 0.05mi |
| 1535 Willow St Norristown, PA | 3.0 | 1.0 | 1186 | $2,450 | $2.07 | 20d | 1 | 0.45mi |
| 126 W Elm St Norristown, PA | 4.0 | 1.5 | 1500 | $2,000 | $1.33 | 17d | 1 | 0.48mi |
| 331 W Logan St Norristown, PA | 1.0–2.0 | 1.0 | 750 | $1,545 | $2.06 | 5d | 18 | 0.49mi |
| 1809 Chain St Norristown, PA | 4.0 | 2.0 | 1344 | $2,800 | $2.08 | 46d | 1 | 0.53mi |
| 211 E Poplar St Norristown, PA | 3.0 | 1.5 | 1414 | $2,350 | $1.66 | 46d | 1 | 0.55mi |
| 221 E Wood St Norristown, PA | 4.0 | 1.0 | 1527 | $2,277 | $1.49 | 46d | 1 | 0.57mi |
| 712 George St Unit 2 Norristown, PA | 4.0 | 1.0 | 1485 | $2,500 | $1.68 | 46d | 1 | 0.57mi |
| 1201 Arch St Unit 2nd Floor Norristown, PA | 2.0 | 1.0 | 1200 | $1,725 | $1.44 | 26d | 1 | 0.62mi |
| 301 E Brown St Unit A9 Norristown, PA | 2.0 | 1.0 | 1000 | $1,595 | $1.59 | 46d | 1 | 0.69mi |
| 244 Minor St Norristown, PA | 2.0 | 1.0 | 1098 | $1,700 | $1.55 | 46d | 1 | 0.72mi |
| 417 E Fornance St Norristown, PA | 2.0 | 1.0 | 1408 | $1,650 | $1.17 | 7d | 1 | 0.74mi |
| 515 Cherry St Norristown, PA | 3.0 | 3.0 | 1100 | $1,995 | $1.81 | 26d | 1 | 0.80mi |
| 250 E Chestnut St Norristown, PA | 3.0 | 1.0 | 1216 | $2,724 | $2.24 | 46d | 1 | 0.82mi |
| 134 W Airy St Norristown, PA | 4.0 | 1.0 | 1116 | $3,036 | $2.72 | 46d | 1 | 0.84mi |
| 534 Green St Norristown, PA | 4.0 | 1.0 | 1612 | $1,800 | $1.12 | 24d | 1 | 0.85mi |
| 542 Stanbridge St #1 Norristown, PA | 3.0 | 1.0 | 1400 | $2,200 | $1.57 | 26d | 1 | 0.87mi |
| 1 Meadow Ln Jeffersonville, PA | 2.0 | 1.0 | 975 | $1,597 | $1.64 | 46d | 1 | 0.95mi |
| 1 Meadow Ln Jeffersonville, PA | 2.0 | 1.0 | 975 | $1,847 | $1.89 | 13d | 1 | 0.95mi |
| 613 Walnut St Norristown, PA | 3.0 | 1.0 | 1526 | $1,925 | $1.26 | 7d | 1 | 0.98mi |
| 206 Chain St Norristown, PA | 3.0 | 1.0 | 1440 | $2,200 | $1.53 | 46d | 1 | 0.98mi |
| 502 Buttonwood St Norristown, PA | 3.0 | 1.0 | 1330 | $2,100 | $1.58 | 26d | 1 | 0.99mi |
| 119 Pearl St Norristown, PA | 3.0 | 2.0 | 1428 | $1,750 | $1.23 | 20d | 1 | 1.01mi |
| 119 Pearl St Unit 1 Norristown, PA | 3.0 | 1.5 | 1428 | $1,750 | $1.23 | 20d | 1 | 1.01mi |
| 708 Carmen Dr Apt B Norristown, PA | 2.0 | 1.0 | 1000 | $1,650 | $1.65 | 24d | 1 | 1.05mi |
| 1115 W Main St Unit 2 Norristown, PA | 3.0 | 1.5 | 1050 | $2,010 | $1.91 | 46d | 1 | 1.08mi |
| 1011 New Hope St Norristown, PA | 1.0–2.0 | 1.0 | 807 | $1,810 | $2.24 | 3d | 13 | 1.09mi |
| 124 Knox St Norristown, PA | 3.0 | 1.0 | 1170 | $2,043 | $1.75 | 20d | 1 | 1.10mi |
| 1029 Northridge Dr Unit 82B Norristown, PA | 2.0 | 1.0 | 903 | $1,950 | $2.16 | 46d | 1 | 1.11mi |
| 520 Russwood Dr Norristown, PA | 1.0–2.0 | 1.0 | 792 | $1,753 | $2.21 | 1d | 13 | 1.13mi |
| 535 Sandy St Norristown, PA | 2.0 | 2.0 | 1476 | $1,699 | $1.15 | 22d | 1 | 1.14mi |
| 421 Wendover Dr Eagleville, PA | 2.0 | 1.0 | 903 | $1,940 | $2.15 | 7d | 1 | 1.16mi |
| 2803 Stanbridge St East Norriton, PA | 1.0–2.0 | 1.0–2.0 | 1043 | $2,055 | $1.97 | 1d | 19 | 1.27mi |
| 900 Luxor Ln Norristown, PA | 2.0 | 1.0–2.0 | 754 | $2,070 | $2.74 | 46d | 20 | 1.32mi |
| 2620 DeKalb Pike Norristown, PA | 1.0–2.0 | 1.0–2.0 | 827 | $1,897 | $2.29 | 3d | 6 | 1.43mi |
| 24 W Front St Bridgeport, PA | 3.0 | 1.5 | 1136 | $2,100 | $1.85 | 20d | 1 | 1.44mi |
Listing history 21 events
-
2026-06-09days on market $250,000 Active 61 DOM
-
2026-06-08days on market $250,000 Active 60 DOM
-
2026-06-07days on market $250,000 Active 59 DOM
-
2026-06-04days on market $250,000 Active 56 DOM
-
2026-06-03days on market $250,000 Active 55 DOM
-
2026-06-02days on market $250,000 Active 54 DOM
-
2026-06-01days on market $250,000 Active 53 DOM
-
2026-05-31days on market $250,000 Active 52 DOM
-
2026-04-20status Active 1205-char remark
Show marketing remark (1205 chars)
Welcome to this brick corner twin, situated in a great location within walking distance to beautiful Elmwood Park. A classic covered front porch invites you inside, where you’ll find a traditional layout featuring a comfortable living room, dining room, and a functional kitchen equipped with an electric range and dishwasher. The second level offers three well‑sized bedrooms and a full hall bathroom with a tub. The home also includes an unfinished basement with an outside exit, offering storage potential along with a laundry area featuring a stationary tub. Additional conveniences include off‑street parking located at the rear of the property. This home is being sold as‑is, presenting a fantastic opportunity for buyers seeking value and vision. The buyer is responsible for the Use & Occupancy, including all borough-required repairs, certifications, and associated costs. Open/exposed areas shown in the photos are intentionally displayed to show the repairs; seller will not be patching these areas. With its solid structure, walkable location, and promising potential, this property is ideal for investors, DIY enthusiasts, or anyone looking to customize a home to their own style.
-
2026-03-16status Pending 1205-char remark
Show marketing remark (1205 chars)
Welcome to this brick corner twin, situated in a great location within walking distance to beautiful Elmwood Park. A classic covered front porch invites you inside, where you’ll find a traditional layout featuring a comfortable living room, dining room, and a functional kitchen equipped with an electric range and dishwasher. The second level offers three well‑sized bedrooms and a full hall bathroom with a tub. The home also includes an unfinished basement with an outside exit, offering storage potential along with a laundry area featuring a stationary tub. Additional conveniences include off‑street parking located at the rear of the property. This home is being sold as‑is, presenting a fantastic opportunity for buyers seeking value and vision. The buyer is responsible for the Use & Occupancy, including all borough-required repairs, certifications, and associated costs. Open/exposed areas shown in the photos are intentionally displayed to show the repairs; seller will not be patching these areas. With its solid structure, walkable location, and promising potential, this property is ideal for investors, DIY enthusiasts, or anyone looking to customize a home to their own style.
-
2026-03-15soldstatus Closed 1205-char remark
Show marketing remark (1205 chars)
Welcome to this brick corner twin, situated in a great location within walking distance to beautiful Elmwood Park. A classic covered front porch invites you inside, where you’ll find a traditional layout featuring a comfortable living room, dining room, and a functional kitchen equipped with an electric range and dishwasher. The second level offers three well‑sized bedrooms and a full hall bathroom with a tub. The home also includes an unfinished basement with an outside exit, offering storage potential along with a laundry area featuring a stationary tub. Additional conveniences include off‑street parking located at the rear of the property. This home is being sold as‑is, presenting a fantastic opportunity for buyers seeking value and vision. The buyer is responsible for the Use & Occupancy, including all borough-required repairs, certifications, and associated costs. Open/exposed areas shown in the photos are intentionally displayed to show the repairs; seller will not be patching these areas. With its solid structure, walkable location, and promising potential, this property is ideal for investors, DIY enthusiasts, or anyone looking to customize a home to their own style.
-
2026-03-05status Pending 1205-char remark
Show marketing remark (1205 chars)
Welcome to this brick corner twin, situated in a great location within walking distance to beautiful Elmwood Park. A classic covered front porch invites you inside, where you’ll find a traditional layout featuring a comfortable living room, dining room, and a functional kitchen equipped with an electric range and dishwasher. The second level offers three well‑sized bedrooms and a full hall bathroom with a tub. The home also includes an unfinished basement with an outside exit, offering storage potential along with a laundry area featuring a stationary tub. Additional conveniences include off‑street parking located at the rear of the property. This home is being sold as‑is, presenting a fantastic opportunity for buyers seeking value and vision. The buyer is responsible for the Use & Occupancy, including all borough-required repairs, certifications, and associated costs. Open/exposed areas shown in the photos are intentionally displayed to show the repairs; seller will not be patching these areas. With its solid structure, walkable location, and promising potential, this property is ideal for investors, DIY enthusiasts, or anyone looking to customize a home to their own style.
-
2026-02-22$250,000 Active 1205-char remark
Show marketing remark (1205 chars)
Welcome to this brick corner twin, situated in a great location within walking distance to beautiful Elmwood Park. A classic covered front porch invites you inside, where you’ll find a traditional layout featuring a comfortable living room, dining room, and a functional kitchen equipped with an electric range and dishwasher. The second level offers three well‑sized bedrooms and a full hall bathroom with a tub. The home also includes an unfinished basement with an outside exit, offering storage potential along with a laundry area featuring a stationary tub. Additional conveniences include off‑street parking located at the rear of the property. This home is being sold as‑is, presenting a fantastic opportunity for buyers seeking value and vision. The buyer is responsible for the Use & Occupancy, including all borough-required repairs, certifications, and associated costs. Open/exposed areas shown in the photos are intentionally displayed to show the repairs; seller will not be patching these areas. With its solid structure, walkable location, and promising potential, this property is ideal for investors, DIY enthusiasts, or anyone looking to customize a home to their own style.
-
2015-12-31soldstatus $99,900
-
2015-12-30soldstatus $99,900 440-char remark
Show marketing remark (440 chars)
Lovely, clean, neat well-cared for Twin in nice neighborhood with great yard on a corner lot. Just steps to the Elmwwod Park Zoo, you will love this house. Current owner lived here for 50 years and has maintained her home beautifully over the years. Hardwood floors beneath the carpeting. Spacious open floor plan. The kitchen is Knotty Pine with a Pantry and outside entrance to the big back and side yards. Newer windows, roof and heater.
-
2015-12-30soldstatus $99,900 Sold
Show marketing remark (440 chars)
Lovely, clean, neat well-cared for Twin in nice neighborhood with great yard on a corner lot. Just steps to the Elmwwod Park Zoo, you will love this house. Current owner lived here for 50 years and has maintained her home beautifully over the years. Hardwood floors beneath the carpeting. Spacious open floor plan. The kitchen is Knotty Pine with a Pantry and outside entrance to the big back and side yards. Newer windows, roof and heater.
-
2015-11-30status Under Contract
-
2015-11-23historical 440-char remark
Show marketing remark (440 chars)
Lovely, clean, neat well-cared for Twin in nice neighborhood with great yard on a corner lot. Just steps to the Elmwwod Park Zoo, you will love this house. Current owner lived here for 50 years and has maintained her home beautifully over the years. Hardwood floors beneath the carpeting. Spacious open floor plan. The kitchen is Knotty Pine with a Pantry and outside entrance to the big back and side yards. Newer windows, roof and heater.
-
2015-11-11price $99,900
-
2015-10-20$104,000 Active
-
2015-10-16$99,900 440-char remark
Show marketing remark (440 chars)
Lovely, clean, neat well-cared for Twin in nice neighborhood with great yard on a corner lot. Just steps to the Elmwwod Park Zoo, you will love this house. Current owner lived here for 50 years and has maintained her home beautifully over the years. Hardwood floors beneath the carpeting. Spacious open floor plan. The kitchen is Knotty Pine with a Pantry and outside entrance to the big back and side yards. Newer windows, roof and heater.
ⓘ 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
- $4,782 · $399/mo
- Projected year-2 tax
- $4,782 · $399/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ 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 5 unhealthy d/yr today · 8 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $24,710
- − Mortgage interest
- −$14,004
- − Property taxes
- −$4,782
- − Insurance
- −$1,250
- − Repairs & maintenance
- −$1,977
- − Management
- −$1,977
- − Depreciation
- −$7,273
- Taxable loss
- −$6,553
- Est. tax savings @ 24.0%
- +$1,573
- After-tax cash flow
- $-671/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
+150.3% since first listed13 events — show timeline
- 2026-04-20 Relisted — BRIGHT MLS
- 2026-03-16 Pending — BRIGHT MLS
- 2026-03-15 Sold (MLS) — BRIGHT MLS
- 2026-03-05 Pending — BRIGHT MLS
- 2026-02-22 Listed $250,000 BRIGHT MLS
- 2015-12-31 Sold (Public Records) $99,900 Public Records
- 2015-12-30 Sold (MLS) $99,900 TREND
- 2015-12-30 Sold (MLS) $99,900 BRIGHT MLS
- 2015-11-30 Pending — TREND
- 2015-11-23 Listing Removed — BRIGHT MLS
- 2015-11-11 Price Changed $99,900 TREND
- 2015-10-20 Listed $104,000 TREND
- 2015-10-16 Listed $99,900 BRIGHT MLS
Property tax history
+2.6%/yrLatest (2026): $4,782 · +2.3% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…