New Tripoli appreciation rates and housing market information

New Tripoli housing market information

With 4,835 people, 4,935 houses or apartments, and a median cost of homes of $312,205, New Tripoli real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in New Tripoli, accounting for 85.94% of the town's housing units. Other types of housing that are prevalent in New Tripoli include mobile homes or trailers (5.29%), row houses and other attached homes (4.68%), duplexes, homes converted to apartments, or other small apartment buildings (3.34%), and a few large apartment complexes or high rise apartments (0.69%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in New Tripoli. Owner-occupied housing accounts for 85.13% of New Tripoli's homes, and 72.83% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in New Tripoli built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in New Tripoli built from 1939 and earlier (25.29%). A lesser amount of the housing stock also hails from 1940-1969 (14.95%), and some were built from 1995 and later (14.95%).

New Tripoli home appreciation rates

Appreciation rates for homes in New Tripoli have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.09%, which ranks in the top 20% nationwide. This equates to an annual average New Tripoli house appreciation rate of 9.70%.

Over the last year, New Tripoli appreciation rates have trailed the rest of the nation. In the last twelve months, New Tripoli's appreciation rate has been -2.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Tripoli were at -0.30%, which equates to an annual appreciation rate of -1.20%.

Relative to Pennsylvania, our data show that New Tripoli's latest annual appreciation rate is higher than 7% of the other cities and towns in Pennsylvania.