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 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%).
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.
Very Low for Nation
Very Low for PA
