Newtown Square, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Newtown Square, 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

Newtown Square Housing Market Information

With a population of 20,868, 1,702 total housing units (homes and apartments), and a median house value of $109,309, house prices in Newtown Square are solidly below the national average.

Single-family detached homes are the single most common housing type in Newtown Square, accounting for 65.52% of the town's housing units. Other types of housing that are prevalent in Newtown Square include row houses and other attached homes ( 18.24%), large apartment complexes or high rise apartments ( 13.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.57%).

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 80.25% of Newtown Square's homes, and 63.09% 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 ( 36.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.14%). There's also some housing in Newtown Square built before 1939 ( 5.79%).

Newtown Square Home Appreciation Rates

In the last 10 years, Newtown Square has experienced some of the highest home appreciation rates of any community in the nation. Newtown Square real estate appreciated 24.89% over the last ten years, which is an average annual home appreciation rate of 2.25%, putting Newtown Square in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Newtown Square definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Newtown Square that despite a nationwide downturn in the housing market, Newtown Square real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Newtown Square appreciation rates continue to be some of the highest in America, at 12.61%, which is higher than appreciation rates in 98.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Newtown Square. Newtown Square appreciation rates in the latest quarter were at 0.99%, which equates to an annual appreciation rate of 4.00%.

Relative to Pennsylvania, our data show that Newtown Square's latest annual appreciation rate is higher 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:
$109,309

Newtown Square, PA HOME PRICES

Value Range
> $1,216,000 0.3
$912,001 - $1,216,000 0.0
$608,001 - $912,000 0.7
$487,001 - $608,000 1.5
$365,001 - $487,000 1.9
$243,001 - $365,000 10.9
$122,001 - $243,000 27.8
$61,001 - $122,000 34.5
$0 - $61,000 22.5

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
71.8270244931443 69.3719806763285

Number Of Homes And Apartments:
1,702

Newtown Square 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
56.14% 2.62% 8 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$730 / per month

Homeownership Rate

Homeownership
Owners 80.25
Renters 19.75
Vacant 5.16

Housing Market Details

 

Age of Homes

AGE OF Newtown Square HOMES
2000 or Newer 12.1
1970 - 1999 45.4
1940 - 1969 36.7
1939 or Older 5.8

Types of Homes

TYPE OF Newtown Square HOMES
Single-Family 65.5
Townhomes 18.2
Small Apt. Buildings 2.6
Apt. Complexes 13.5
Mobile Homes 0.0
Other 0.1

Home Size

SIZE OF Newtown Square HOMES
No Bedroom 1.37
1 Bedroom 7.22
2 Bedrooms 18.41
3 Bedrooms 33.15
4 Bedrooms 29.94
5 or more bedrooms 9.90