New Castle, KY Housing


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The housing market in New Castle, KY is thriving. The median value of a house is $182,000 which is much lower than the US median value of $338,100. Not only that, but the 1 year appreciation rate for New Castle houses is 12.20%, which is much higher than the United States average of 8.27%. It's clear that New Castle's real estate market has seen a surge in growth over the past year and it shows no signs of slowing down anytime soon.

The median home cost in New Castle is $182,000. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Castle is up 14.0%.

Average Age of Homes
- The median age of New Castle real estate is 43 years old
The Rental Market in New Castle
- Renters make up 52.4% of the New Castle population
- 8.3% 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingNew Castle, KentuckyUnited States
  435.0139,647,020.0
  5242
  $182,000$338,100
  14.0%16.6%
  48.3%57.0%
  74.3%101.1%
  $9.74$10.98
  $917$2,690
  46.9%57.4%
  15.6%11.2%
  37.5%31.4%
  Vacant Housing
  8.3%1.9%
  1.1%0.4%
  0.0%0.7%
  0.0%0.4%
  0.0%3.6%
  6.2%4.1%
  Value of Owner-Occupied Housing
  0.0%2.6%
  1.5%2.4%
  4.9%2.8%
  6.9%3.9%
  24.5%4.5%
  31.9%11.3%
  11.8%13.0%
  12.3%20.1%
  2.0%13.6%
  0.0%8.3%
  1.0%9.7%
  2.9%3.9%
  0.0%2.2%
  0.0%0.8%
  0.5%1.1%
  Housing Units by Year Structure Built
  0.0%0.2%
  6.7%13.6%
  6.7%13.6%
  5.3%13.6%
  24.1%13.2%
  12.0%14.8%
  5.3%13.6%
  11.5%10.0%
  3.0%4.7%
  14.0%12.2%
Commute
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