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  4. /New Wilmington, PA - 16142

New Wilmington, PA—16142

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$273,000
2.4% YoY Growth
Household Income
$78,800
37.3% YoY Growth
Days on Market
37
71.0% Longer YoY
Home Price Forecast
2.3%
Median Rent
$700
13.7% YoY Growth
1-Bed Rent
$650
9.0% YoY Growth
2-Bed Rent
$700
3.1% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Wilmington, PA

As of May '26, the median home price in New Wilmington, PA is $273,000, with a year-over-year change of 2.4%. This indicates that home prices in New Wilmington, PA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$273,0002.4%
Single Family $273,0003.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$235,0006.8%
    3 Bed
    		$265,0004.3%
    4 Bed
    		$348,0005.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    8.7%
    2 Bedrooms
    20.7%
    3 Bedrooms
    41.1%
    4 Bedrooms
    19.2%
    5+ Bedrooms
    9.4%

    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.

    TypeMedian RentAverage Rent
    Average Rent$700$980
    Studio Rent N/AN/A
    1 Bed Rent $650$675
    2 Bed Rent $700$825
    3 Bed Rent N/AN/A
    4 Bed Rent $1,900$1,900
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    % of Rental Stock

    Studio
    4.3%
    1 Bedroom
    27.4%
    2 Bedrooms
    36.2%
    3 Bedrooms
    26.6%
    4 Bedrooms
    3.8%
    5+ Bedrooms
    1.7%

    Property Listings — New Wilmington, PA

    As of May '26, Realtor.com reports that the median days on market for a home in New Wilmington, PA is 37. This is a increase of 71.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$437,00060.0%
    Listing Count
    		1665.0%
    Listings as % of Homes0.3%65.0%
    Days on Market
    		3771.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$50$650$700
    2 Bedroom$210$700$910
    3 BedroomN/AN/A$1,270
    4 Bedroom-$480$1,900$1,420

    Affordability — New Wilmington, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$273,000
    Median Household Income$78,800

    New Wilmington, PA — ZIP Code Boundary Map

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    Frequently Asked Questions