Real Estate Math
A square mile contains how many acres?
A360 acres
B640 acres✓ Correct
C1,280 acres
D43,560 acres
Explanation
One square mile = 640 acres. This is a fundamental land measurement: 1 mile = 5,280 feet, so 1 square mile = 5,280 × 5,280 = 27,878,400 sq ft ÷ 43,560 sq ft/acre = 640 acres. In Pennsylvania township descriptions and large land transactions, acreage is often expressed in terms of sections (640 acres each).
Related Pennsylvania Real Estate Math Questions
- A property has a net operating income of $45,000 per year. Using a capitalization rate of 7.5%, what is the estimated value?
- A Pennsylvania tenant pays $1,500/month rent. The landlord increases rent by 8%. What is the new monthly rent?
- A Pennsylvania property sells at a 12% loss from the original purchase price of $250,000. What is the sale price?
- A Pennsylvania broker charges a 6% commission on all sales. A property sells for $375,000. What is the total commission?
- A property owner paid $280,000 for a home 5 years ago. It is now appraised at $336,000. What percentage did the property appreciate?
- A property sells for $310,000. Pennsylvania state transfer tax is 1% and local transfer tax is 1%, split equally between buyer and seller. How much does the buyer pay in transfer tax?
- A buyer in Pennsylvania secures a $280,000 mortgage at 6.5% annual interest. What is the monthly interest-only payment for the first month?
- A salesperson's annual income from commissions is $95,000. If their average commission is $7,500 per transaction, how many transactions did they complete?
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →