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New Beaver

Learn about the people, housing, costs and businesses in New Beaver, Pennsylvania

Median Home$123,900
Median Rent$638/month
Population1,311
Leading IndustriesInformation & Media · Finance & Insurance · Wholesale Trade10% information & media
Home Value Growth⬆⬆+15.2% over 2 years
Retirees24% of residentsslightly above average
Homeowners76% of occupied units
NotableAffordable Market$124k median home · lower cost than 83% of the country
New Beaver
PA

Frequently Asked Questions

What are today's mortgage rates in New Beaver?

As of today, the 30-year fixed mortgage rate for New Beaver is approximately 7.274% (7.324% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Beaver?

The median home value in New Beaver is $124k. The median monthly rent is $638. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Beaver?

Home values in New Beaver have increased 15.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Beaver?

Based on a typical all-in ownership cost of $680/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Beaver is $60k/year.

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What industries drive the economy in New Beaver?

The largest employment sectors in New Beaver are public administration (20%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.