The housing market in 40050 New Castle, KY is quite impressive. According to the given information, the median value of a house in this area is $175,100. This number is significantly lower than the US median value of $338,100. However, what makes this housing market even more attractive is the one year appreciation rate which stands at 12.20%, much higher than the US average of 8.27%. Therefore, investing in real estate in 40050 New Castle, KY can be a great choice for those looking to make some good returns on their investments over time.
The median home cost in New Castle (zip 40050) is $175,100. Home appreciation the last 10 years has been 74.3%. Home Appreciation in New Castle (zip 40050) is up 14.0%.
Average Age of Homes
- The median age of New Castle (zip 40050) real estate is 38 years old
The Rental Market in New Castle (zip 40050)
- Renters make up 40.9% of the New Castle (zip 40050) population
- 7.1% of houses and apartments in New Castle (zip 40050), 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.