New Bethlehem, PA

Real estate in New Bethlehem, Pennsylvania is a hot commodity. The town has seen an influx of families and businesses in recent years, which has led to an increase in home prices and rental rates.

The median home price in New Bethlehem is $158,000, which is significantly higher than the statewide median of $119,000. The town also boasts a high rate of homeownership (88%), which is above the statewide average of 73%. This high rate of homeownership may be attributable to the fact that New Bethlehem was founded as a religious community and remains largely populated by members of the same faith.

Rental rates in New Bethlehem are also very high compared to other towns of similar size. The average rent for a two-bedroom apartment is $1,100 per month, while the average rent for a three-bedroom apartment is $1,500 per month. These high rates may be attributable to the fact that New Bethlehem has a large population density (15 people per square mile).

Despite these high rates, there are still plenty of rental units available in New Bethlehem. In fact, according to Zillow’s 2018 National Rent Report , there are currently more than 1,700 apartments available for rent in the town. This indicates that there is still room for growth in the real estate market in New Bethlehem.