New Philadelphia, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Philadelphia Neighborhoods Since 2000




New Philadelphia, OH Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

New Philadelphia Housing Market Information

With a population of 17,484, 7,034 total housing units (homes and apartments), and a median house value of $101,036, house prices in New Philadelphia are solidly below the national average.

Single-family detached homes are the single most common housing type in New Philadelphia, accounting for 67.65% of the city's housing units. Other types of housing that are prevalent in New Philadelphia include duplexes, homes converted to apartments or other small apartment buildings ( 20.31%), mobile homes or trailers ( 6.30%), and a few large apartment complexes or high rise apartments ( 3.71%).

The most prevalent building size and type in New Philadelphia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.31% owning and 41.69% renting.

The housing in New Philadelphia was primarily built before 1939 ( 33.56%), making the housing stock in New Philadelphia some of the oldest overall in America, although there is a range of ages of homes in New Philadelphia. The next most important housing age is between 1940-1969 ( 30.66%), followed by between 1970-1999 ( 28.92%). There's also some housing in New Philadelphia built between 2000 and later ( 6.86%).

New Philadelphia Home Appreciation Rates

Appreciation rates for homes in New Philadelphia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.83%, which ranks in the top 50% nationwide. This equates to an annual average New Philadelphia house appreciation rate of 0.08%.

Over the last year, New Philadelphia appreciation rates have trailed the rest of the nation. In the last twelve months, New Philadelphia's appreciation rate has been 1.20%, 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 Philadelphia were at -0.60%, which equates to an annual appreciation rate of -2.39%.

Notably, New Philadelphia's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that New Philadelphia's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$101,036

New Philadelphia, OH HOME PRICES

Value Range
> $1,076,000 0.4
$807,001 - $1,076,000 0.1
$538,001 - $807,000 0.5
$431,001 - $538,000 1.4
$323,001 - $431,000 0.9
$215,001 - $323,000 10.9
$108,001 - $215,000 38.0
$54,001 - $108,000 36.0
$0 - $54,000 11.8

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
76.9483182936833 77.9527559055118

Number Of Homes And Apartments:
7,034

New Philadelphia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
14.62% 0.79% 7 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$862 / per month

Homeownership Rate

Homeownership
Owners 58.31
Renters 41.69
Vacant 7.36

Housing Market Details

 

Age of Homes

AGE OF New Philadelphia HOMES
2000 or Newer 6.9
1970 - 1999 28.9
1940 - 1969 30.7
1939 or Older 33.6

Types of Homes

TYPE OF New Philadelphia HOMES
Single-Family 67.7
Townhomes 2.0
Small Apt. Buildings 20.3
Apt. Complexes 3.7
Mobile Homes 6.3
Other 0.0

Home Size

SIZE OF New Philadelphia HOMES
No Bedroom 1.82
1 Bedroom 11.02
2 Bedrooms 35.60
3 Bedrooms 36.78
4 Bedrooms 12.45
5 or more bedrooms 2.33