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New Castle

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

Median Home$67,811
Median Rent$831/month
Population21,579
Leading IndustriesFinance & Insurance · Professional Services · Public Administration7% finance & insurance
Home Value Growth⬆⬆⬆+24.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners55% of occupied units
NotableAmenity Score76/100 · highly walkable area
NotableAffordable Market$68k median home · lower cost than 99% of the country
New Castle
PA

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 7.438% (7.493% 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 $68k. The median monthly rent is $831. Annual property taxes average $1k. 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 24.7% 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 $718/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Castle is $38k/year.

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What industries drive the economy in New Castle?

The largest employment sectors in New Castle are public administration (26%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.