New Castle Metro Area, PA Housing

The housing market in the New Castle, PA Metro Area is performing well compared to the US as a whole. The median value of a house in the metro area is $132,800, much lower than the US median value of $338,100. In addition to this affordability advantage, house values in the metro area have seen an appreciation rate of 12.41% over the past year - higher than the 8.27% appreciation across the US. This makes New Castle an attractive option for prospective buyers looking for good value and strong potential for capital gains.

The median home cost in New Castle Metro Area is $132,800. Home appreciation the last 10 years has been 57.9%. Home Appreciation in New Castle Metro Area is up 15.7%.

Average Age of Homes

- The median age of New Castle Metro Area real estate is 61 years old

The Rental Market in New Castle Metro Area

- Renters make up 23.1% of the New Castle Metro Area population
- 0.7% 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, Pennsylvania	United States
	39,692.0	139,647,020.0
	65	42
	$132,800	$338,100
	15.7%	16.6%
	43.6%	57.0%
	57.9%	101.1%
	$15.31	$10.98
	$1,801	$2,690
	68.4%	57.4%
	9.0%	11.2%
	22.6%	31.4%
Vacant Housing
	0.7%	1.9%
	0.4%	0.4%
	0.7%	0.7%
	0.5%	0.4%
	0.7%	3.6%
	6.1%	4.1%
Value of Owner-Occupied Housing
	4.0%	2.6%
	6.7%	2.4%
	8.7%	2.8%
	10.7%	3.9%
	11.4%	4.5%
	21.2%	11.3%
	15.7%	13.0%
	13.3%	20.1%
	5.0%	13.6%
	1.7%	8.3%
	1.0%	9.7%
	0.3%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.8%	13.6%
	5.8%	13.6%
	7.9%	13.6%
	7.2%	13.2%
	10.8%	14.8%
	7.9%	13.6%
	17.7%	10.0%
	10.2%	4.7%
	29.1%	12.2%

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