New Florence, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Florence Neighborhoods Since 2000




New Florence, 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 Florence Housing Market Information

With 666 people, 316 houses or apartments, and a median cost of homes of $109,673, house prices in New Florence are solidly below the national average.

Single-family detached homes are the single most common housing type in New Florence, accounting for 76.44% of the borough's housing units. Other types of housing that are prevalent in New Florence include duplexes, homes converted to apartments or other small apartment buildings ( 15.41%), mobile homes or trailers ( 3.93%), and a few row houses and other attached homes ( 3.32%).

The most prevalent building size and type in New Florence are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.92% owning and 36.08% renting.

The housing in New Florence was primarily built before 1939 ( 50.76%), making the housing stock in New Florence some of the oldest overall in America, although there is a range of ages of homes in New Florence. The next most important housing age is between 1940-1969 ( 30.51%), followed by between 1970-1999 ( 13.60%). There's also some housing in New Florence built between 2000 and later ( 5.14%).

New Florence Home Appreciation Rates

In the last 10 years, New Florence has experienced some of the highest home appreciation rates of any community in the nation. New Florence real estate appreciated 19.62% over the last ten years, which is an average annual home appreciation rate of 1.81%, putting New Florence in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, New Florence definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, New Florence appreciation rates have trailed the rest of the nation. In the last twelve months, New Florence's appreciation rate has been 2.20%, 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 Florence were at -0.41%, which equates to an annual appreciation rate of -1.65%.

Relative to Pennsylvania, our data show that New Florence's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$109,673

New Florence, PA HOME PRICES

Value Range
> $1,104,000 1.1
$828,001 - $1,104,000 0.6
$552,001 - $828,000 1.4
$441,001 - $552,000 0.9
$331,001 - $441,000 2.3
$221,001 - $331,000 8.2
$110,001 - $221,000 31.0
$55,001 - $110,000 35.9
$0 - $55,000 18.6

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
71.6248681589125 69.1304347826087

Number Of Homes And Apartments:
316

New Florence 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
58.53% 2.71% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$687 / per month

Homeownership Rate

Homeownership
Owners 63.92
Renters 36.08
Vacant 4.53

Housing Market Details

 

Age of Homes

AGE OF New Florence HOMES
2000 or Newer 5.1
1970 - 1999 13.6
1940 - 1969 30.5
1939 or Older 50.8

Types of Homes

TYPE OF New Florence HOMES
Single-Family 76.4
Townhomes 3.3
Small Apt. Buildings 15.4
Apt. Complexes 0.9
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF New Florence HOMES
No Bedroom 0.00
1 Bedroom 7.85
2 Bedrooms 27.19
3 Bedrooms 49.55
4 Bedrooms 14.80
5 or more bedrooms 0.60