New Castle Metro Area, IN Housing

The housing market in the New Castle, IN Metro Area is very strong with a median value of $152,900. This is significantly lower than the US House Median Value of $338,100, but the area has seen great appreciation in the last year at 10.33%, which is higher than the US 1 year House Appreciation of 8.27%. The local housing market offers great affordability and potential for growth, making it an attractive option for those looking to buy or invest in real estate.

The median home cost in New Castle Metro Area is $152,900. Home appreciation the last 10 years has been 76.1%. Home Appreciation in New Castle Metro Area is up 15.4%.

Average Age of Homes

- The median age of New Castle Metro Area real estate is 56 years old

The Rental Market in New Castle Metro Area

- Renters make up 22.9% of the New Castle Metro Area population
- 2.2% of houses and apartments in New Castle Metro Area, 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

Housing	New Castle, Indiana	United States
	20,962.0	139,647,020.0
	62	42
	$152,900	$338,100
	15.4%	16.6%
	53.1%	57.0%
	76.1%	101.1%
	$8.27	$10.98
	$900	$2,690
	66.5%	57.4%
	12.0%	11.2%
	21.5%	31.4%
Vacant Housing
	2.2%	1.9%
	0.7%	0.4%
	0.8%	0.7%
	1.6%	0.4%
	0.2%	3.6%
	6.5%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	5.8%	2.4%
	9.1%	2.8%
	13.2%	3.9%
	14.3%	4.5%
	21.0%	11.3%
	13.5%	13.0%
	12.8%	20.1%
	3.8%	13.6%
	1.1%	8.3%
	1.2%	9.7%
	0.1%	3.9%
	0.2%	2.2%
	0.3%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.5%	13.6%
	6.5%	13.6%
	9.9%	13.6%
	5.8%	13.2%
	12.8%	14.8%
	9.9%	13.6%
	13.0%	10.0%
	9.6%	4.7%
	29.1%	12.2%

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