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 1,388 people, 533 houses or apartments, and a median cost of homes of $198,832, house prices in Newville are solidly below the national average.
Row houses and other attached homes are the single most common housing type in Newville, accounting for 32.24% 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 ( 28.28%), single-family detached homes ( 26.55%), and a few large apartment complexes or high rise apartments ( 11.38%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.
The most prevalent building size and type in Newville are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The borough has a mixture of owners and renters, with 53.47% owning and 46.53% renting.
The housing in Newville was primarily built before 1939 ( 69.83%), 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 ( 17.24%), followed by between 1970-1999 ( 11.90%). There's also some housing in Newville built between 2000 and later ( 1.03%).
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 4.90%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Newville's appreciation rate, at 6.01%, has been at or slightly above the national average. In the latest quarter, Newville's appreciation rate has been 4.20%, which annualizes to a rate of 17.87%.
Importantly, this makes Newville one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Newville's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.
$198,832
for Pennsylvania
for nation
533
$1,411 / per month