New Market, PA is an attractive place to live for many due to its low housing median value of $161,400. This is significantly lower than the US House Median Value of $338,100, making it a much more affordable option for prospective homeowners. Furthermore, the appreciation rate for housing in New Market is also higher than the national average of 8.27%, clocking in at 12.41%. With such a strong trend of increasing values and a smaller price tag than the rest of the country, New Market has become a desirable location for those looking to enter the housing market.
The median home cost in New Market is $161,400. Home appreciation the last 10 years has been 56.4%. Home Appreciation in New Market is up 14.0%.
Average Age of Homes
- The median age of New Market real estate is 50 years old
The Rental Market in New Market
- Renters make up 59.2% of the New Market population
- 0.0% of houses and apartments in New Market, 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.