New Florence, PA—15944
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Florence, PA
As of Oct '25, the median home price in New Florence, PA is $145,000, with a year-over-year change of 4.1%. This indicates that home prices in New Florence, PA are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $145,000 | 4.1% |
| Single Family | $145,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $120,000 | 0.0% |
3 Bed | $176,000 | 6.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Florence, PA
New Florence, PA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Florence, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in New Florence, PA is 65. This is a decrease of -36.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $257,000 | 31.0% |
Listing Count | 6 | -29.0% |
| Listings as % of Homes | 0.7% | -29.0% |
Days on Market | 65 | -36.0% |
Demographics — New Florence, PA
As of the latest ACS Survey released in 2023, New Florence, PA has a population of 3,200, which has increased by 3.8% over the past 5 years. New Florence, PA is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 22.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,200 | 3.8% |
% Under 18 | 23.8% | 35.2% |
% Seniors | 20.1% | -14.5% |
% WFH | 7.4% | 89.7% |
% w/ College Degree | 22.5% | 48.0% |
As of the latest ACS Survey released in 2023, New Florence, PA is a predominantly white area, with 96.2% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in New Florence, PA is hispanic, making up 2.3% of the population. Foreign-born residents account for 0.1% of the population in New Florence, PA, and this percentage has decreased by 93.3% 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 | 96.2% | 0.7% |
% Black | 0.1% | -75.0% |
% Hispanic | 2.3% | -34.3% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 0.1% | -93.3% |
Mortgage and Risk — New Florence, PA
According to HUD data as of 2023, there were 155 mortgage originations in New Florence, PA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in New Florence, PA. Investor activity is low, as 2.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 155 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — New Florence, PA
New Florence, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 41 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,040 |
| 3 Bedroom | N/A | N/A | $1,350 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — New Florence, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $145,000 |
| Median Household Income | $70,100 |