New Brighton, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating New Brighton Neighborhoods Since 2000




New Brighton, 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 Brighton Housing Market Information

With a population of 5,891, 2,671 total housing units (homes and apartments), and a median house value of $67,436, house prices in New Brighton are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in New Brighton, accounting for 58.29% of the borough's housing units. Other types of housing that are prevalent in New Brighton include large apartment complexes or high rise apartments ( 18.59%), duplexes, homes converted to apartments or other small apartment buildings ( 17.10%), and a few row houses and other attached homes ( 5.11%).

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

The housing in New Brighton was primarily built before 1939 ( 54.05%), making the housing stock in New Brighton some of the oldest overall in America, although there is a range of ages of homes in New Brighton. The next most important housing age is between 1940-1969 ( 29.66%), followed by between 1970-1999 ( 12.21%). There's also some housing in New Brighton built between 2000 and later ( 4.07%).

Vacant housing appears to be an issue in New Brighton. Fully 13.03% of the housing stock is classified as vacant. Left unchecked, vacant New Brighton homes and apartments can be a drag on the real estate market, holding New Brighton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

New Brighton Home Appreciation Rates

Real estate appreciation rates in New Brighton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

Over the last year, New Brighton appreciation rates have trailed the rest of the nation. In the last twelve months, New Brighton's appreciation rate has been 1.07%, 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 Brighton were at -0.41%, which equates to an annual appreciation rate of -1.65%.

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

Average Home Values

 

Median Home Value:
$67,436

New Brighton, PA HOME PRICES

Value Range
> $1,020,000 0.0
$765,001 - $1,020,000 0.0
$510,001 - $765,000 0.0
$408,001 - $510,000 0.0
$306,001 - $408,000 0.5
$204,001 - $306,000 1.6
$102,001 - $204,000 20.0
$51,001 - $102,000 54.8
$0 - $51,000 23.1

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
96.191257470995 94.975845410628

Number Of Homes And Apartments:
2,671

New Brighton 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
22.71% 1.19% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$679 / per month

Homeownership Rate

Homeownership
Owners 48.45
Renters 51.55
Vacant 13.03

Housing Market Details

 

Age of Homes

AGE OF New Brighton HOMES
2000 or Newer 4.1
1970 - 1999 12.2
1940 - 1969 29.7
1939 or Older 54.1

Types of Homes

TYPE OF New Brighton HOMES
Single-Family 58.3
Townhomes 5.1
Small Apt. Buildings 17.1
Apt. Complexes 18.6
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF New Brighton HOMES
No Bedroom 0.00
1 Bedroom 20.81
2 Bedrooms 34.39
3 Bedrooms 33.51
4 Bedrooms 10.03
5 or more bedrooms 1.27

Popular Neighborhoods in New Brighton

Zip Codes in New Brighton, PA