The housing market in 47362 New Castle, IN is thriving. The median value of homes in this area is $126,500, which is significantly lower than the US median value of $338,100. Furthermore, the one-year appreciation rate for housing in this area is 13.04%, which is higher than the national average of 8.27%. This indicates that the local housing market has strong potential for growth and investment. With its relatively low home prices and high appreciation rate, 47362 New Castle, IN offers an ideal environment for prospective buyers and investors looking to get into the real estate game.
The median home cost in New Castle (zip 47362) is $126,500. Home appreciation the last 10 years has been 73.6%. Home Appreciation in New Castle (zip 47362) is up 15.1%.
Average Age of Homes
- The median age of New Castle (zip 47362) real estate is 56 years old
The Rental Market in New Castle (zip 47362)
- Renters make up 27.3% of the New Castle (zip 47362) population
- 2.4% of houses and apartments in New Castle (zip 47362), 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.