Newville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newville Neighborhoods Since 2000




Newville, 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

Newville Housing Market Information

With a population of 1,331, 578 total housing units (homes and apartments), and a median house value of $116,330, house prices in Newville are solidly below the national average.

Single-family detached homes are the single most common housing type in Newville, accounting for 38.12% of the borough's housing units. Other types of housing that are prevalent in Newville include duplexes, homes converted to apartments or other small apartment buildings ( 25.20%), row houses and other attached homes ( 24.08%), and a few large apartment complexes or high rise apartments ( 11.80%).

People in Newville primarily live in small (one, two or no bedroom) single-family detached homes. Newville has a mixture of owner-occupied and renter-occupied housing.

The housing in Newville was primarily built before 1939 ( 66.99%), making the housing stock in Newville some of the oldest overall in America, although there is a range of ages of homes in Newville. The next most important housing age is between 1940-1969 ( 21.05%), followed by between 1970-1999 ( 11.48%).

Newville Home Appreciation Rates

Newville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Newville during the period has been just -1.43%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Newville's appreciation rate, at 3.29%, has been at or slightly above the national average. In the latest quarter, Newville's appreciation rate has been -0.92%, which annualizes to a rate of -3.65%.

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

Relative to Pennsylvania, our data show that Newville's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$116,330

Newville, PA HOME PRICES

Value Range
> $981,000 0.0
$736,001 - $981,000 0.0
$491,001 - $736,000 1.3
$393,001 - $491,000 0.0
$295,001 - $393,000 2.0
$196,001 - $295,000 5.7
$99,001 - $196,000 56.8
$49,001 - $99,000 31.3
$0 - $49,000 2.9

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
67.5495136528771 64.927536231884

Number Of Homes And Apartments:
578

Newville 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
31.43% 1.60% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$921 / per month

Homeownership Rate

Homeownership
Owners 41.35
Renters 58.65
Vacant 7.81

Housing Market Details

 

Age of Homes

AGE OF Newville HOMES
2000 or Newer 0.5
1970 - 1999 11.5
1940 - 1969 21.1
1939 or Older 67.0

Types of Homes

TYPE OF Newville HOMES
Single-Family 38.1
Townhomes 24.1
Small Apt. Buildings 25.2
Apt. Complexes 11.8
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Newville HOMES
No Bedroom 1.12
1 Bedroom 24.88
2 Bedrooms 32.06
3 Bedrooms 29.67
4 Bedrooms 9.25
5 or more bedrooms 3.03