Newtown Square, PA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Newtown Square, PA Housing Market Trends

With a population of 22,125, 1,780 total housing units (homes and apartments), and a median house value of $98,138, house prices in Newtown Square 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 Newtown Square, accounting for 61.10% of the town's housing units. Other types of housing that are prevalent in Newtown Square include row houses and other attached homes ( 20.97%), large apartment complexes or high rise apartments ( 13.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newtown Square. Owner-occupied housing accounts for 77.80% of Newtown Square's homes, and 63.02% 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. Newtown Square's housing was primarily built during this period, from the '40s through the '60s. A full 38.64% of the town's housing hails from this era. Other housing ages represented in Newtown Square include homes built between 1970-1999 ( 38.02%) and housing constructed between 2000 and later ( 16.91%). There's also some housing in Newtown Square built before 1939 ( 6.43%).

Newtown Square Home Appreciation Rates

Appreciation rates for homes in Newtown Square have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 32.88%, which ranks in the top 50% nationwide. This equates to an annual average Newtown Square house appreciation rate of 2.88%.

Over the last year, Newtown Square appreciation rates have trailed the rest of the nation. In the last twelve months, Newtown Square's appreciation rate has been 3.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newtown Square were at 0.77%, which equates to an annual appreciation rate of 3.12%.

Notably, Newtown Square's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Newtown Square's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Newtown Square differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newtown Square - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Newtown Square real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$98,138

Newtown Square, PA HOME PRICES

> $1,092,000
0.2%
0.2%
$819,001 - $1,092,000
0.0%
0.0%
$546,001 - $819,000
0.3%
0.3%
$437,001 - $546,000
1.5%
1.5%
$328,001 - $437,000
0.9%
0.9%
$218,001 - $328,000
13.1%
13.1%
$109,001 - $218,000
31.1%
31.1%
$55,001 - $109,000
31.4%
31.4%
$0 - $55,000
21.6%
21.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for PA

Value Relative To Nation

Number Of Homes And Apartments:
1,780

Newtown Square Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
71.27% 2.60%
6
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$775 / per month

Homeownership Rate

Owners
77.8%
77.8%
Renters
22.2%
22.2%
Vacant
6.3%
6.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
16.9%
16.9%
1970 - 1999
38.0%
38.0%
1940 - 1969
38.6%
38.6%
1939 or Older
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.1%
61.1%
Townhomes
21.0%
21.0%
Small Apt. Buildings
4.4%
4.4%
Apt. Complexes
13.5%
13.5%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
6.9%
6.9%
2 Bedrooms
18.0%
18.0%
3 Bedrooms
33.4%
33.4%
4 Bedrooms
29.6%
29.6%
5 or more bedrooms
10.6%
10.6%
0.0% 100.0%
% OF HOMES