There are currently 1,587 real estate properties in New Wilmington, PA, with a median automated valuation model (AVM) price of $224,366.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Wilmington, PA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in New Wilmington, PA, is $252,627.00, with the most expensive house in New Wilmington, PA, topping out at $2,800,000.00 and the cheapest home in New Wilmington, PA, clocking in at $18,340.00. In other words, there’s something for every potential homebuyer or savvy investor in New Wilmington, PA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Wilmington, PA, is on a rollercoaster ride. The average rent price in New Wilmington, PA, is $1,266.00. Indeed, when looking to rent in New Wilmington, PA, you can expect to pay as little as $720.00 or as much as $2,200.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in New Wilmington, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
New Wilmington is located in Lawrence, Pennsylvania, with an estimated municipal population of 2,197 residents. All of the best foreclosed homes for sale in New Wilmington are located in the following zip code areas on Foreclosure.com: 16142 16172. The estimated population per square kilometer (.62 miles) in New Wilmington is 805.
So, about how much do homes cost in New Wilmington? The most recent median value of resident-owned homes in New Wilmington is 175,186. An estimated 64.5 percent of households in New Wilmington own their homes, with an average family size of 2.84. The median household income in New Wilmington is 63,333, with26.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in New Wilmington, the median commute time of resident workers (in minutes) is 17.3. And last, but certainly not least, are you looking for homes to rent in New Wilmington? If so, the average rent price paid by renters in New Wilmington is 800, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to New Wilmington, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in New Wilmington is 21.5, split between 44.1 percent male versus 55.9 female. The percentage of residents who report being married in New Wilmington is 25.4, with an average family size of 2.84.
The percentage of residents who report their race in New Wilmington is as follows:
White | 91.4% |
Black / African American | 4.6% |
Asian | 1.8% |
American Indian / Alaskan Native | 0% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 2.2% |
Other | 0% |
Looking for family-friendly neighborhoods in and/or near New Wilmington? Or maybe you are searching for 55+ active adult communities in and/or near New Wilmington?
The percentage of residents who report their age in New Wilmington is as follows:
Under 10 | 5.9% |
Aged 10-19 | 29.1% |
20s | 25.5% |
30s | 6.5% |
40s | 5.7% |
50s | 6.7% |
60s | 6.4% |
70s | 6.3% |
80+ | 8.1% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in New Wilmington with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in New Wilmington.
How do you know that living in -- or moving to -- New Wilmington is right where you need to be? Perhaps you grew up in New Wilmington or already live nearby; therefore, the decision to buy a home in New Wilmington is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to New Wilmington for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in New Wilmington:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like New Wilmington.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in New Wilmington can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in New Wilmington, meanwhile, can field multiple offers from more qualified buyers.
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