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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Newville, PA Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Newville, PA Housing Market Trends

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 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 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.

Average Home Values

Median Home Value

$198,832

Newville, PA Home Prices
> $1,351,000
$1,013,001 - $1,351,000
$675,001 - $1,013,000
$540,001 - $675,000
$405,001 - $540,000
$270,001 - $405,000
$135,001 - $270,000
$67,001 - $135,000
$0 - $67,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.4%
1.4%
9.1%
9.1%
70.6%
70.6%
16.7%
16.7%
2.1%
2.1%
0% 100.0%
% of Homes
Low

for Pennsylvania

Low

for nation

Number of Homes And Apartments:

533

Newville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,411 / per month

Homeownership Rate

Owners
Renters
53.5%
53.5%
46.5%
46.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.1%
8.1%
91.9%
91.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
1.0%
1.0%
11.9%
11.9%
17.2%
17.2%
69.8%
69.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
26.6%
26.6%
32.2%
32.2%
28.3%
28.3%
11.4%
11.4%
1.6%
1.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
18.1%
18.1%
24.1%
24.1%
44.1%
44.1%
11.6%
11.6%
2.1%
2.1%
0% 100.0%
% of Homes