The housing market in New Hanover, PA is thriving. The median value of a house in the area is $421,400, which is significantly more than that of the US median value of $338,100. This year, the US housing market saw an appreciation rate of 8.27%, while New Hanover experienced an even higher appreciation rate of 12.49%. This indicates that investments in the New Hanover housing market are likely to pay off and yield higher returns. For those looking to purchase or invest in a home, now is an excellent time to consider purchasing or investing in New Hanover.
The median home cost in New Hanover is $421,400. Home appreciation the last 10 years has been 64.6%. Home Appreciation in New Hanover is up 14.7%.
Average Age of Homes
- The median age of New Hanover real estate is 29 years old
The Rental Market in New Hanover
- Renters make up 5.8% of the New Hanover population
- 0.0% of houses and apartments in New Hanover, 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.