The housing market in Newcastle, WA is significantly higher than the US median value, with a median value of $1,164,600 compared to the US median of $338,100. Although the house appreciation rate for the US was 8.27%, Newcastle saw a slight decrease in appreciation rate at 7.43%. This could be due to a variety of factors such as local economy trends or population growth. Overall, Newcastle remains an attractive location for potential homeowners looking for high-end properties with strong appreciation potential.
The median home cost in Newcastle is $1,164,600. Home appreciation the last 10 years has been 167.2%. Home Appreciation in Newcastle is up 14.8%.
Average Age of Homes
- The median age of Newcastle real estate is 24 years old
The Rental Market in Newcastle
- Renters make up 28.2% of the Newcastle population
- 1.5% of houses and apartments in Newcastle, 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.