18938, New Hope, PA

New Hope, PA is a small town located in Bucks County, Pennsylvania. The zip code 18938 has a population of just over 10,000 people and an average home value of $128,000. New Hope is a popular commuter town for Philadelphia and its surrounding suburbs.

The median household income in the 18938 zip code is $86,500 which is higher than the national median household income of $59,445. The unemployment rate in the 18938 zip code is 3.5% which is lower than the national unemployment rate of 4.1%.

The homeownership rate in the 18938 zip code is 68% which is higher than the national homeownership rate of 63%. The percentage of homes that are owner-occupied in the 18938 zip code is higher than the percentage of homes that are owner-occupied nationwide (64%). This indicates that more households in the 18938 zip code own their homes than households nationwide.

The average home value in the 18938 zip code has increased by 8% since 2009 which indicates that there are more homes available for purchase and that prices are rising faster than inflation rates nationally. In addition, there have been very few sales activity recorded within this zip code over this time period indicating that buyers are currently finding homes at reasonable prices.