New Bethlehem, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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New Bethlehem, PA Real Estate Data


New Bethlehem Housing Market Information

With 941 people, 484 houses or apartments, and a median cost of homes of $121,665, 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 63.05% of the borough's housing units. Other types of housing that are prevalent in New Bethlehem include large apartment complexes or high rise apartments ( 22.48%), duplexes, homes converted to apartments or other small apartment buildings ( 10.67%), and a few mobile homes or trailers ( 2.67%).

People in New Bethlehem primarily live in small (one, two or no bedroom) single-family detached homes. New Bethlehem has a mixture of owner-occupied and renter-occupied housing.

The housing in New Bethlehem was primarily built before 1939 ( 44.00%), 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 ( 27.24%), followed by between 1970-1999 ( 26.10%). There's also some housing in New Bethlehem built between 2000 and later ( 2.67%).

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 17.43%, which ranks in the top 30% nationwide. This equates to an annual average New Bethlehem house appreciation rate of 1.62%.

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 4.34%, 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 2.15%, which equates to an annual appreciation rate of 8.89%.

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

Average Home Values

 

Median Home Value:
$121,665

New Bethlehem, PA HOME PRICES

Value Range
> $1,093,000 0.0
$820,001 - $1,093,000 0.0
$547,001 - $820,000 2.8
$437,001 - $547,000 1.3
$328,001 - $437,000 6.4
$219,001 - $328,000 11.7
$109,001 - $219,000 31.5
$55,001 - $109,000 33.9
$0 - $55,000 12.4

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
65.3686244656556 63.3816425120773

Number Of Homes And Apartments:
484

Rent & Ownership

 

Average Market Rent:
$673 / per month

Homeownership Rate

Homeownership
Owners 48.22
Renters 51.78
Vacant 7.81

Housing Market Details

 

Age of Homes

AGE OF New Bethlehem HOMES
2000 or Newer 2.7
1970 - 1999 26.1
1940 - 1969 27.2
1939 or Older 44.0

Types of Homes

TYPE OF New Bethlehem HOMES
Single-Family 63.0
Townhomes 1.1
Small Apt. Buildings 10.7
Apt. Complexes 22.5
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF New Bethlehem HOMES
No Bedroom 5.71
1 Bedroom 25.52
2 Bedrooms 18.48
3 Bedrooms 37.14
4 Bedrooms 10.29
5 or more bedrooms 2.86

New Bethlehem Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
63.08% 2.92% 8 8
* 10 is highest

Popular Neighborhoods in New Bethlehem

Zip Codes in New Bethlehem, PA