New Castle, IN is a great place for people looking to buy a house. The median housing value in New Castle is much lower than the national average at only $132,400. Despite this, the house appreciation rate in the area is actually higher than the national rate at 13.04%. This means that buying a house in New Castle can be a great investment and an affordable way to get into the housing market. With such high levels of appreciation, it's likely that those who choose to purchase a home here will see good returns on their investments.
The median home cost in New Castle is $132,400. Home appreciation the last 10 years has been 73.6%. Home Appreciation in New Castle is up 15.1%.
Average Age of Homes
- The median age of New Castle real estate is 60 years old
The Rental Market in New Castle
- Renters make up 34.7% of the New Castle population
- 3.2% of houses and apartments in New Castle, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.