ZIP Code · PA

ZIP 18940

Part of Newtown, PA

Pop. 29,626·Bucks County·2nd most expensive ZIP in Pennsylvania

Median rent (all units)

$3,000/mo

Year-over-Year

+3.8%

Month-over-Month

+1.1%

vs US Median

+$1,068

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 18940 · $3,000

More expensive than 91% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,090

1 BR

$2,280

2 BR

$2,710

3 BR

$3,250

4 BR+

$3,630

Research median

$2,710/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 18940 is at its highest level since Zillow's records here began in February 2022.

Past year vs. the rest of Pennsylvania

Rent in ZIP 18940 changed +3.8% over the year to September 2026. Across the 205 Pennsylvania ZIP codes Zillow tracks, the typical change was +3.8%.

Recent direction

Rent has risen 2 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($157,414) is $3,935 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,630).

Cheaper nearby

ZIP 19047, 6 miles away, rents for 18% less ($2,453/mo), about $6,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 18940. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$36,000/yr

At $3,000/mo median

Location

CityNewtown

StatePA

CountyBucks County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.8% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 18940 (Newtown, PA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 65.6% of residents hold a bachelor's degree or higher.

Population

29,626

Median income

$157,414

Median age

45.9

Renters

14%

Age distribution

22.2%

12.4%

27.2%

14.8%

23.5%

Under 1822.2%

18–3412.4%

35–5427.2%

55–6414.8%

65+23.5%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

80.1%

White80.1%

Black1.1%

Hispanic4.5%

Asian8.7%

Other5.5%

Education (25+)

13.5%

17.7%

65.6%

No HS diploma3.1%

HS diploma13.5%

Some college17.7%

Bachelor's+65.6%

Housing tenure

86%

14%

Owner86%

Renter14%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 18940 in Newtown, PA has changed in 5 years

Rent

$2,518 → $3,000

up 19.1%

Income

$145,141 → $157,414

up 8.5%

Population

29,664 → 29,626

down 0.1%

Renter share

15.2% → 14%

-1.2 pts

Bachelor's+

66.5% → 65.6%

-0.9 pts

Rent in ZIP 18940 in Newtown, PA has climbed 19.1% since 2022, going from about $2,518 per month to roughly $3,000 today. On the earnings side, the typical household in ZIP 18940 in Newtown, PA now reports about $157,414, up from $145,141 in 2021. Rent outpaced income growth by roughly 10.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 18940 in Newtown, PA reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 18940

Last updated: October 17, 2026

ZIP code 18940 covers Newtown, PA. The median rent here is $3,000/mo as of October 2026. A 1-bedroom rents for a median of $2,280/mo. A 2-bedroom rents for a median of $2,710/mo.

At 23% of local median household income ($157,414/yr), ZIP 18940 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 18940?

To keep rent at or below 30% of gross income, you would need to earn at least $120,000/year (about $58/hour full-time) to afford the median rent of $3,000/mo in ZIP 18940. The local median household income is $157,414/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 18940?

Rent in ZIP 18940 has risen 3.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2022.

How does ZIP 18940 compare to other ZIPs in Pennsylvania?

ZIP 18940 is one of the pricier among Pennsylvania ZIP codes for rent, ranking #2 of 261 at $3,000/mo. Over the year to September 2026, rent in ZIP 18940 changed +3.8%, against a typical +3.8% across the 205 Pennsylvania ZIP codes Zillow tracks.