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New Hope, PA—18938

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$982,000
6.8% YoY Growth
Household Income
$161,000
43.1% YoY Growth
Days on Market
26
1.0% Shorter YoY
Home Price Forecast
2.3%
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Hope, PA

As of May '26, the median home price in New Hope, PA is $982,000, with a year-over-year change of 6.8%. This indicates that home prices in New Hope, 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
$982,0006.8%
Single Family $1,028,0007.5%
Condos $524,0004.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $371,000
    -1.9%
    2 Bed
    		$569,0004.4%
    3 Bed
    		$789,0006.9%
    4 Bed
    		$1,163,0007.9%
    5 Bed $1,892,45510.8%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    9.1%
    2 Bedrooms
    21.5%
    3 Bedrooms
    22.9%
    4 Bedrooms
    34.6%
    5+ Bedrooms
    10.5%

    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.

    TypeMedian RentAverage 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$2,180,00047.0%
    Listing Count
    		89-9.0%
    Listings as % of Homes1.0%-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.

    MetricLatest CensusYoY % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5.1
    Median Home Price$982,000
    Median Household Income$161,000

    New Hope, PA — ZIP Code Boundary Map

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    Frequently Asked Questions