New Bethlehem, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating New Bethlehem Neighborhoods Since 2000




New Bethlehem, PA 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 Bethlehem Housing Market Information

With a population of 941, 461 total housing units (homes and apartments), and a median house value of $115,074, house prices in New Bethlehem are solidly below the national average.

Single-family detached homes are the single most common housing type in New Bethlehem, accounting for 67.14% of the borough's housing units. Other types of housing that are prevalent in New Bethlehem include large apartment complexes or high rise apartments ( 21.22%), duplexes, homes converted to apartments or other small apartment buildings ( 9.80%), and a few row houses and other attached homes ( 1.22%).

The most prevalent building size and type in New Bethlehem are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 51.41% owning and 48.59% renting.

The housing in New Bethlehem was primarily built before 1939 ( 44.69%), making the housing stock in New Bethlehem some of the oldest overall in America, although there is a range of ages of homes in New Bethlehem. The next most important housing age is between 1940-1969 ( 31.02%), followed by between 1970-1999 ( 21.22%). There's also some housing in New Bethlehem built between 2000 and later ( 3.06%).

New Bethlehem Home Appreciation Rates

Appreciation rates for homes in New Bethlehem have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.88%, which ranks in the top 30% nationwide. This equates to an annual average New Bethlehem house appreciation rate of 0.95%.

Over the last year, New Bethlehem appreciation rates have trailed the rest of the nation. In the last twelve months, New Bethlehem's appreciation rate has been 1.48%, 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 Bethlehem were at -1.59%, which equates to an annual appreciation rate of -6.20%.

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

Relative to Pennsylvania, our data show that New Bethlehem's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$115,074

New Bethlehem, PA HOME PRICES

Value Range
> $1,037,000 0.0
$778,001 - $1,037,000 0.0
$519,001 - $778,000 2.8
$415,001 - $519,000 1.0
$311,001 - $415,000 6.0
$207,001 - $311,000 10.8
$104,001 - $207,000 32.1
$52,001 - $104,000 32.3
$0 - $52,000 14.9

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
68.2233681003164 65.7971014492754

Number Of Homes And Apartments:
461

New Bethlehem Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
56.41% 2.63% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$800 / per month

Homeownership Rate

Homeownership
Owners 51.41
Renters 48.59
Vacant 5.92

Housing Market Details

 

Age of Homes

AGE OF New Bethlehem HOMES
2000 or Newer 3.1
1970 - 1999 21.2
1940 - 1969 31.0
1939 or Older 44.7

Types of Homes

TYPE OF New Bethlehem HOMES
Single-Family 67.1
Townhomes 1.2
Small Apt. Buildings 9.8
Apt. Complexes 21.2
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF New Bethlehem HOMES
No Bedroom 5.31
1 Bedroom 25.10
2 Bedrooms 15.10
3 Bedrooms 40.00
4 Bedrooms 11.22
5 or more bedrooms 3.27

Popular Neighborhoods in New Bethlehem

Zip Codes in New Bethlehem, PA