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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 7,578, 3,523 total housing units (homes and apartments), and a median house value of $325,672, New Cumberland 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 Cumberland, accounting for 65.63% of the borough's housing units. Other types of housing that are prevalent in New Cumberland include row houses and other attached homes ( 14.93%), duplexes, homes converted to apartments or other small apartment buildings ( 12.44%), and a few large apartment complexes or high rise apartments ( 7.00%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Cumberland. Owner-occupied housing accounts for 68.73% of New Cumberland's homes, and 53.24% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. New Cumberland's housing was primarily built during this period, from the '40s through the '60s. A full 57.97% of the borough's housing hails from this era. Other housing ages represented in New Cumberland include homes built before 1939 ( 27.62%) and housing constructed between 1970-1999 ( 12.72%). There's also some housing in New Cumberland built between 2000 and later ( 1.70%).
New Cumberland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in New Cumberland during the period has been just 5.30%, which is lower than 70% of US communities.
Appreciation rates are so strong in New Cumberland that despite a nationwide downturn in the housing market, New Cumberland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, New Cumberland appreciation rates continue to be some of the highest in America, at 7.64%, which is higher than appreciation rates in 79.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in New Cumberland. New Cumberland appreciation rates in the latest quarter were at -0.82%, which equates to an annual appreciation rate of -3.24%.
Notably, New Cumberland's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Pennsylvania, our data show that New Cumberland's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
$325,672
for Pennsylvania
for nation
3,523
$1,646 / per month