New Providence, PA—17560
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Providence, PA
As of Oct '25, the median home price in New Providence, PA is $406,000, with a year-over-year change of 4.3%. This indicates that home prices in New Providence, PA are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $406,000 | 4.3% |
| Single Family | $407,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $325,000 | 4.5% |
3 Bed | $381,000 | 4.1% |
4 Bed | $448,000 | 4.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Providence, PA
As of July '25, Rentcast reports the average rent in New Providence, PA is $1,470, with a year-over-year rent change of -11.4%. Per bedroom, the median rent as of July '25 in New Providence, PA is 1-bedrooms: $985, 2-bedrooms: $1,450, 3-bedrooms: $2,450. The most common rental property sizes in New Providence, PA are 3-bedroom and 2-bedroom, accounting for 63.1% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $985 |
| 2 Bed Rent | $1,450 | $1,450 |
| 3 Bed Rent | $2,400 | $2,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Providence, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in New Providence, PA is 26. This is a decrease of -47.0% 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 | $502,000 | 11.0% |
Listing Count | 4 | -55.0% |
| Listings as % of Homes | 0.5% | -55.0% |
Days on Market | 26 | -47.0% |
Demographics — New Providence, PA
As of the latest ACS Survey released in 2023, New Providence, PA has a population of 5,450, which has increased by 17.4% over the past 5 years. New Providence, PA is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 14.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,450 | 17.4% |
% Under 18 | 26.3% | 51.1% |
% Seniors | 19.7% | -9.6% |
% WFH | 3.4% | 112.5% |
% w/ College Degree | 14.5% | 66.7% |
As of the latest ACS Survey released in 2023, New Providence, PA is a predominantly white area, with 91.6% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in New Providence, PA is hispanic, making up 2.7% of the population. Foreign-born residents account for 2.2% of the population in New Providence, PA, and this percentage has increased by Inf% 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 | 91.6% | -4.1% |
% Black | 0.0% | N/A |
% Hispanic | 2.7% | 28.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.2% | ∞% |
Mortgage and Risk — New Providence, PA
According to HUD data as of 2023, there were 128 mortgage originations in New Providence, PA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in New Providence, PA. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 128 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — New Providence, PA
New Providence, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $175 | $995 | $1,170 |
| 2 Bedroom | $20 | $1,450 | $1,470 |
| 3 Bedroom | -$480 | $2,400 | $1,920 |
| 4 Bedroom | N/A | N/A | $1,950 |
Affordability — New Providence, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $406,000 |
| Median Household Income | $64,000 |