The housing market in 16242 New Bethlehem, PA is an attractive option for those looking to purchase a home. The median value of homes in this area is $115,200, which is significantly lower than the US median value of $338,100. Furthermore, although the US has seen a one year house appreciation rate of 8.27%, New Bethlehem has seen an even greater appreciation rate at 7.43%. This indicates that there are great opportunities for growth in the local housing market and could provide potential buyers with long-term financial benefits.
The median home cost in New Bethlehem (zip 16242) is $115,200. Home appreciation the last 10 years has been 71.5%. Home Appreciation in New Bethlehem (zip 16242) is up 11.0%.
Average Age of Homes
- The median age of New Bethlehem (zip 16242) real estate is 63 years old
The Rental Market in New Bethlehem (zip 16242)
- Renters make up 25.2% of the New Bethlehem (zip 16242) population
- 1.3% of houses and apartments in New Bethlehem (zip 16242), 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.