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 22,125 people, 1,730 houses or apartments, and a median cost of homes of $107,150, 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 61.98% of the town's housing units. Other types of housing that are prevalent in Newtown Square include row houses and other attached homes ( 20.39%), large apartment complexes or high rise apartments ( 13.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.30%).
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 78.57% of Newtown Square's homes, and 62.43% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Newtown Square built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Newtown Square built between 1940-1969 ( 38.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.66%). There's also some housing in Newtown Square built before 1939 ( 5.42%).
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 31.47%, which ranks in the top 50% nationwide. This equates to an annual average Newtown Square house appreciation rate of 2.77%.
NeighborhoodScout's data show that during the latest twelve months, Newtown Square's appreciation rate, at 3.89%, has been at or slightly above the national average. In the latest quarter, Newtown Square's appreciation rate has been 0.96%, which annualizes to a rate of 3.90%.
Relative to Pennsylvania, our data show that Newtown Square's latest annual appreciation rate is lower than 60% 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.
Value Range | |
---|---|
> $1,133,000 | 0.3 |
$849,001 - $1,133,000 | 0.0 |
$567,001 - $849,000 | 0.3 |
$454,001 - $567,000 | 1.4 |
$340,001 - $454,000 | 1.2 |
$226,001 - $340,000 | 12.4 |
$113,001 - $226,000 | 31.7 |
$57,001 - $113,000 | 30.4 |
$0 - $57,000 | 22.3 |
Value Relative to Nation | Value Relative to State |
---|---|
82.8321167883212 | 80.4054054054054 |
Homeownership | |
---|---|
Owners | 78.57 |
Renters | 21.43 |
Vacant | 6.54 |
AGE OF Newtown Square HOMES | |
---|---|
2000 or Newer | 13.7 |
1970 - 1999 | 41.9 |
1940 - 1969 | 39.0 |
1939 or Older | 5.4 |
TYPE OF Newtown Square HOMES | |
---|---|
Single-Family | 62.0 |
Townhomes | 20.4 |
Small Apt. Buildings | 4.3 |
Apt. Complexes | 13.3 |
Mobile Homes | 0.0 |
Other | 0.0 |
SIZE OF Newtown Square HOMES | |
---|---|
No Bedroom | 1.49 |
1 Bedroom | 6.02 |
2 Bedrooms | 19.87 |
3 Bedrooms | 32.86 |
4 Bedrooms | 29.57 |
5 or more bedrooms | 10.18 |