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New Kensington

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

Median Home$132,517
Median Rent$790/month
Population12,011
Leading IndustriesProfessional Services · Transportation · Retail3% professional services
Home Value Growth⬆⬆+14.7% over 2 years
Retirees23% of residentsslightly above average
Homeowners59% of occupied units
NotableAmenity Score83/100 · highly walkable area
NotableTransit80/100 · excellent transit access
New Kensington
PA

Frequently Asked Questions

What are today's mortgage rates in New Kensington?

As of today, the 30-year fixed mortgage rate for New Kensington is approximately 7.150% (7.197% 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 Kensington?

The median home value in New Kensington is $133k. The median monthly rent is $790. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Kensington?

Home values in New Kensington have increased 14.7% 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 Kensington?

Based on a typical all-in ownership cost of $853/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Kensington is $51k/year.

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What industries drive the economy in New Kensington?

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