New Kensington, PA—15068
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Kensington, PA
As of Oct '25, the median home price in New Kensington, PA is $169,000, with a year-over-year change of 5.5%. This indicates that home prices in New Kensington, PA are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $169,000 | 5.5% |
| Single Family | $168,000 | 5.7% |
| Condos | $195,000 | 6.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $137,000 | 7.0% |
3 Bed | $200,000 | 5.3% |
4 Bed | $283,000 | 4.4% |
| 5 Bed | $202,000 | 3.1% |
% of Housing Stock
Rental Trends — New Kensington, PA
As of July '25, Rentcast reports the average rent in New Kensington, PA is $1,280, with a year-over-year rent change of 19.6%. Per bedroom, the median rent as of July '25 in New Kensington, PA is studios: $1,740, 1-bedrooms: $755, 2-bedrooms: $1,440, 3-bedrooms: $1,360, 4-bedrooms: $2,960. The most common rental property sizes in New Kensington, PA are 2-bedroom and 1-bedroom, accounting for 38.5% and 34.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,280 |
| Studio Rent | $975 | $1,740 |
| 1 Bed Rent | $795 | $755 |
| 2 Bed Rent | $950 | $1,440 |
| 3 Bed Rent | $1,350 | $1,360 |
| 4 Bed Rent | $2,000 | $2,960 |
% of Rental Stock
Property Listings — New Kensington, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in New Kensington, PA is 58. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $153,000 | -2.0% |
Listing Count | 148 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 58 | 15.0% |
Demographics — New Kensington, PA
As of the latest ACS Survey released in 2023, New Kensington, PA has a population of 36,100, which has decreased by -4.0% over the past 5 years. New Kensington, PA is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,100 | -4.0% |
% Under 18 | 18.5% | -5.6% |
% Seniors | 22.2% | 6.2% |
% WFH | 11.3% | 205.4% |
% w/ College Degree | 26.5% | 2.3% |
As of the latest ACS Survey released in 2023, New Kensington, PA is a predominantly white area, with 87.5% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in New Kensington, PA is black, making up 7.8% of the population. Foreign-born residents account for 1.4% of the population in New Kensington, PA, and this percentage has decreased by 39.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.5% | 0.5% |
% Black | 7.8% | 1.3% |
% Hispanic | 1.4% | -33.3% |
% Asian | 0.4% | -73.3% |
% Foreign Born | 1.4% | -39.1% |
Mortgage and Risk — New Kensington, PA
According to HUD data as of 2023, there were 763 mortgage originations in New Kensington, PA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in New Kensington, PA. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 763 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — New Kensington, PA
As of 2024, the percent of homes in New Kensington, PA under the Section 8 program is 15.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in New Kensington, PA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,212 |
Total Units Section 8 | 681 |
% Rentals under Section 8 | 15.2% |
% Occupied Section 8 | 84.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $135 | $795 | $930 |
| 2 Bedroom | $170 | $950 | $1,120 |
| 3 Bedroom | $80 | $1,350 | $1,430 |
| 4 Bedroom | -$460 | $2,000 | $1,540 |
Affordability — New Kensington, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $169,000 |
| Median Household Income | $63,000 |