Newville, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newville Neighborhoods Since 2000




Newville, PA Real Estate Data


Newville Housing Market Information

With a population of 1,331, 595 total housing units (homes and apartments), and a median house value of $120,210, 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 34.41% 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 ( 32.57%), row houses and other attached homes ( 21.04%), and a few large apartment complexes or high rise apartments ( 10.45%).

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 ( 66.05%), 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 ( 23.04%), followed by between 1970-1999 ( 10.60%).

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 -1.02%, which is lower than 70% of US communities.

Over the last year, Newville appreciation rates have trailed the rest of the nation. In the last twelve months, Newville's appreciation rate has been 2.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newville were at 2.01%, which equates to an annual appreciation rate of 8.30%.

Relative to Pennsylvania, our data show that Newville's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$120,210

Newville, PA HOME PRICES

Value Range
> $980,000 0.0
$735,001 - $980,000 0.0
$490,001 - $735,000 1.7
$392,001 - $490,000 0.0
$294,001 - $392,000 1.1
$196,001 - $294,000 9.0
$98,001 - $196,000 57.7
$49,001 - $98,000 27.0
$0 - $49,000 3.5

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
66.2177197400012 64.4444444444444

Number Of Homes And Apartments:
595

Rent & Ownership

 

Average Market Rent:
$789 / per month

Homeownership Rate

Homeownership
Owners 39.66
Renters 60.34
Vacant 8.60

Housing Market Details

 

Age of Homes

AGE OF Newville HOMES
2000 or Newer 0.3
1970 - 1999 10.6
1940 - 1969 23.0
1939 or Older 66.1

Types of Homes

TYPE OF Newville HOMES
Single-Family 34.4
Townhomes 21.0
Small Apt. Buildings 32.6
Apt. Complexes 10.4
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Newville HOMES
No Bedroom 1.38
1 Bedroom 20.89
2 Bedrooms 38.56
3 Bedrooms 26.27
4 Bedrooms 9.98
5 or more bedrooms 2.92

Newville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
33.42% 1.71% 2 4
* 10 is highest