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 with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact boroughs that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
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