New Cumberland, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Cumberland Neighborhoods Since 2000




New Cumberland, 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 Cumberland Housing Market Information

With 7,295 people, 3,386 houses or apartments, and a median cost of homes of $201,604, 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 65.87% of the borough's housing units. Other types of housing that are prevalent in New Cumberland include duplexes, homes converted to apartments or other small apartment buildings ( 15.72%), row houses and other attached homes ( 12.63%), and a few large apartment complexes or high rise apartments ( 5.78%).

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 67.07% of New Cumberland's homes, and 61.33% 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 49.11% of the borough's housing hails from this era. Other housing ages represented in New Cumberland include homes built before 1939 ( 37.00%) and housing constructed between 1970-1999 ( 11.20%). There's also some housing in New Cumberland built between 2000 and later ( 2.68%).

New Cumberland Home Appreciation Rates

Real estate appreciation rates in New Cumberland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.34% during the period.

NeighborhoodScout's data show that during the latest twelve months, New Cumberland's appreciation rate, at 5.42%, has been at or slightly above the national average. In the latest quarter, New Cumberland's appreciation rate has been -0.92%, which annualizes to a rate of -3.65%.

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.

Average Home Values

 

Median Home Value:
$201,604

New Cumberland, PA HOME PRICES

Value Range
> $1,046,000 0.0
$784,001 - $1,046,000 0.0
$523,001 - $784,000 0.0
$418,001 - $523,000 2.5
$314,001 - $418,000 2.3
$209,001 - $314,000 17.2
$104,001 - $209,000 65.9
$52,001 - $104,000 11.4
$0 - $52,000 0.7

High for PA
High for Nation

Value Relative to Nation Value Relative to State
31.8645259580452 20.3864734299517

Number Of Homes And Apartments:
3,386

New Cumberland 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
39.25% 1.94% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,141 / per month

Homeownership Rate

Homeownership
Owners 67.07
Renters 32.93
Vacant 7.26

Housing Market Details

 

Age of Homes

AGE OF New Cumberland HOMES
2000 or Newer 2.7
1970 - 1999 11.2
1940 - 1969 49.1
1939 or Older 37.0

Types of Homes

TYPE OF New Cumberland HOMES
Single-Family 65.9
Townhomes 12.6
Small Apt. Buildings 15.7
Apt. Complexes 5.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF New Cumberland HOMES
No Bedroom 1.12
1 Bedroom 14.85
2 Bedrooms 19.15
3 Bedrooms 45.60
4 Bedrooms 15.72
5 or more bedrooms 3.56