New Hope, PA—18938
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Hope, PA
As of Oct '25, the median home price in New Hope, PA is $899,000, with a year-over-year change of 4.1%. This indicates that home prices in New Hope, PA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $899,000 | 4.1% |
| Single Family | $940,000 | 4.3% |
| Condos | $507,000 | 3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $361,000 | -1.4% |
2 Bed | $534,000 | 3.3% |
3 Bed | $731,000 | 3.8% |
4 Bed | $1,061,000 | 4.4% |
| 5 Bed | $1,704,000 | 5.0% |
% of Housing Stock
Rental Trends — New Hope, PA
As of July '25, Rentcast reports the average rent in New Hope, PA is $3,080, with a year-over-year rent change of -14.7%. Per bedroom, the median rent as of July '25 in New Hope, PA is studios: $3,000, 1-bedrooms: $2,180, 2-bedrooms: $2,890, 3-bedrooms: $3,320, 4-bedrooms: $5,150. The most common rental property sizes in New Hope, PA are 1-bedroom and 2-bedroom, accounting for 41.3% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $3,080 |
| Studio Rent | $3,000 | $3,000 |
| 1 Bed Rent | $2,050 | $2,180 |
| 2 Bed Rent | $2,750 | $2,890 |
| 3 Bed Rent | $3,500 | $3,320 |
| 4 Bed Rent | $4,500 | $5,150 |
% of Rental Stock
Property Listings — New Hope, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in New Hope, PA is 44. This is a decrease of -38.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,580,000 | 15.0% |
Listing Count | 76 | -23.0% |
| Listings as % of Homes | 1.0% | -23.0% |
Days on Market | 44 | -38.0% |
Demographics — New Hope, PA
As of the latest ACS Survey released in 2023, New Hope, PA has a population of 13,200, which has decreased by -6.2% over the past 5 years. New Hope, PA is a less popular place for families, as children make up 14.8% of the population. The area has a highly educated workforce, with 66.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,200 | -6.2% |
% Under 18 | 14.8% | -16.9% |
% Seniors | 31.2% | 20.0% |
% WFH | 33.9% | 268.5% |
% w/ College Degree | 66.8% | 8.6% |
As of the latest ACS Survey released in 2023, New Hope, PA is a predominantly white area, with 84.9% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in New Hope, PA is asian, making up 6.0% of the population. Foreign-born residents account for 9.9% of the population in New Hope, PA, and this percentage has increased by 52.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.9% | -8.1% |
% Black | 0.9% | 350.0% |
% Hispanic | 3.7% | 27.6% |
% Asian | 6.0% | 93.5% |
% Foreign Born | 9.9% | 52.3% |
Mortgage and Risk — New Hope, PA
According to HUD data as of 2023, there were 203 mortgage originations in New Hope, PA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in New Hope, PA. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 203 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — New Hope, PA
As of 2024, the percent of homes in New Hope, PA under the Section 8 program is 3.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In New Hope, PA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 35 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 65.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $2,050 | $2,000 |
| 2 Bedroom | -$370 | $2,750 | $2,380 |
| 3 Bedroom | -$630 | $3,500 | $2,870 |
| 4 Bedroom | -$1,240 | $4,500 | $3,260 |
Affordability — New Hope, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $899,000 |
| Median Household Income | $161,000 |