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New Castle

Learn about the people, housing, costs and businesses in New Castle, Indiana

Median Home$106,550
Median Rent$773/month
Population17,422
Leading IndustryRetail21% of local workforce
Home Value Growth⬆⬆⬆+22.9% over 2 years
Young Adults27% of residentsnear the national average
Homeowners65% of occupied units
NotableAmenity Score69/100 · highly walkable area
NotableTransit79/100 · excellent transit access
New Castle
IN

Frequently Asked Questions

What are today's mortgage rates in New Castle?

As of today, the 30-year fixed mortgage rate for New Castle is approximately 7.270% (7.320% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Castle?

The median home value in New Castle is $107k. The median monthly rent is $773. Annual property taxes average $838. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Castle?

Home values in New Castle have increased 22.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Castle?

Based on a typical all-in ownership cost of $749/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Castle is $50k/year.

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What industries drive the economy in New Castle?

The largest employment sectors in New Castle are public administration (25%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.