New Hope, PA is an affluent suburb of Philadelphia featuring a thriving housing market. The median value of homes in New Hope is substantially higher than the national median house value, at $721,800 compared to $338,100. In addition to boasting a high home value, the appreciation rate in New Hope over the past year has been 11.14%, higher than the National average of 8.27%. This marks an advantageous investment opportunity for those looking to buy a home in this area.
The median home cost in New Hope is $721,800. Home appreciation the last 10 years has been 58.3%. Home Appreciation in New Hope is up 13.9%.
Average Age of Homes
- The median age of New Hope real estate is 44 years old
The Rental Market in New Hope
- Renters make up 35.4% of the New Hope population
- 0.0% of houses and apartments in New Hope, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.