New Hope, PA 18938 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

New Hope, PA—18938

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$973,000

6.3% YoY Growth

Household Income

$161,000

43.1% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

1.5%

Median Rent

$2,700

14.7% YoY Growth

1-Bed Rent

$2,050

9.9% YoY Growth

2-Bed Rent

$2,750

11.1% YoY Growth

3-Bed Rent

$3,500

26.9% YoY Growth

Home Price Trends — New Hope, PA

As of May '26, the median home price in New Hope, PA is $973,000, with a year-over-year change of 6.3%. This indicates that home prices in New Hope, PA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$973,000	6.3%
Single Family	$1,018,000	7.2%
Condos	$522,000	3.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

11.8%

1 Bedroom

41.3%

2 Bedrooms

29.3%

3 Bedrooms

9.7%

4 Bedrooms

1.3%

5+ Bedrooms

6.6%

Property Listings — New Hope, PA

As of May '26, Realtor.com reports that the median days on market for a home in New Hope, PA is 26. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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	$2,180,000	47.0%
Listing Count	89	-9.0%
Listings as % of Homes	1.0%	-9.0%
Days on Market	26	-1.0%

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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%

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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%

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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%

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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

New Hope, PA—18938

Key Metrics at a Glance

Home Price Trends — New Hope, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Hope, PA

% of Rental Stock

Property Listings — New Hope, PA

Demographics — New Hope, PA

Race and Ethnicity

Mortgage and Risk — New Hope, PA

Mortgages

Rentals and Section 8 — New Hope, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — New Hope, PA

Home Price to Income Ratio

New Hope, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Pineville

Carversville, PA

Buckingham

Lumberville, PA

Furlong, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.1
Median Home Price	$973,000
Median Household Income	$161,000

New Hope, PA—18938

Key Metrics at a Glance

Home Price Trends — New Hope, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Hope, PA

% of Rental Stock

Property Listings — New Hope, PA

Demographics — New Hope, PA

Race and Ethnicity

Mortgage and Risk — New Hope, PA

Mortgages

Rentals and Section 8 — New Hope, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — New Hope, PA

Home Price to Income Ratio

New Hope, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Pineville

Carversville, PA

Buckingham

Lumberville, PA

Furlong, PA

Frequently Asked Questions

What is the average home price in New Hope, PA 18938?

How have home prices in New Hope, PA 18938 changed over the past year?

What is the home price projection for New Hope, PA 18938?

What are the demographics of New Hope, PA 18938?

How long does it take homes to sell in New Hope, PA 18938?

What is the average rent price in New Hope, PA 18938?