New Wilmington, PA—16142
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Wilmington, PA
As of Oct '25, the median home price in New Wilmington, PA is $257,000, with a year-over-year change of 0.5%. This indicates that home prices in New Wilmington, PA are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $257,000 | 0.5% |
| Single Family | $256,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $218,000 | 5.8% |
3 Bed | $247,000 | 3.8% |
4 Bed | $323,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Wilmington, PA
As of July '25, Rentcast reports the average rent in New Wilmington, PA is $980, with a year-over-year rent change of 13.7%. Per bedroom, the median rent as of July '25 in New Wilmington, PA is 1-bedrooms: $675, 2-bedrooms: $825, 4-bedrooms: $1,900. The most common rental property sizes in New Wilmington, PA are 2-bedroom and 1-bedroom, accounting for 36.2% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $675 |
| 2 Bed Rent | $700 | $825 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,900 | $1,900 |
% of Rental Stock
Property Listings — New Wilmington, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in New Wilmington, PA is 36. This is a decrease of -15.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $364,000 | 9.0% |
Listing Count | 15 | 118.0% |
| Listings as % of Homes | 0.3% | 118.0% |
Days on Market | 36 | -15.0% |
Demographics — New Wilmington, PA
As of the latest ACS Survey released in 2023, New Wilmington, PA has a population of 5,430, which has decreased by -22.0% over the past 5 years. New Wilmington, PA is a popular place for families, as children make up 26.6% of the population. The area has a moderately educated workforce, with 35.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,430 | -22.0% |
% Under 18 | 26.6% | 14.7% |
% Seniors | 21.3% | 14.5% |
% WFH | 13.6% | 2.3% |
% w/ College Degree | 35.3% | 20.1% |
As of the latest ACS Survey released in 2023, New Wilmington, PA is a predominantly white area, with 95.3% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in New Wilmington, PA is black, making up 1.4% of the population. Foreign-born residents account for 1.3% of the population in New Wilmington, PA, and this percentage has decreased by 48.0% 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 | 95.3% | 1.0% |
% Black | 1.4% | 7.7% |
% Hispanic | 1.0% | -44.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.3% | -48.0% |
Mortgage and Risk — New Wilmington, PA
According to HUD data as of 2023, there were 12 mortgage originations in New Wilmington, PA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in New Wilmington, PA. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 12 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — New Wilmington, PA
New Wilmington, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $650 | $700 |
| 2 Bedroom | $210 | $700 | $910 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | -$480 | $1,900 | $1,420 |
Affordability — New Wilmington, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $257,000 |
| Median Household Income | $78,800 |