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.