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These days, finding an affordable place to live in the New Castle area can be challenging. Home prices in New Castle are now at a median cost of $285,606, lower than the Delaware average of $361,617.
The average cost of rent is $1,433/mo in New Castle, primarily driven by the current value of real estate in the New Castle area. In New Castle, 35.59% of households rent, and 27.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Castle is $6,529 per month. Households that rent pay about 21.95% of their income on rent here. New Castle’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wilmington Manor, DE: less expensive homes
- Newport, DE: less expensive homes
- Pennsville, NJ: less expensive homes
- Elsmere, DE: less expensive homes
- Deepwater, NJ: less expensive homes
- Brookside, DE: equally priced homes
- Mahoneyville, NJ: equally priced homes
- Newark, DE: higher priced homes
- Delaware City, DE: equally priced homes
- Bear, DE: higher priced homes
Cities with Similar Populations
- Spring Valley, NY: higher priced homes
- Lakewood, OH: equally priced homes
- Lincoln, CA: higher priced homes
- Lombard, IL: higher priced homes
- Morristown, TN: less expensive homes
- Princeton, NJ: higher priced homes
- Sevierville, TN: equally priced homes
- Sherman Oaks, CA: higher priced homes
- Southaven, MS: less expensive homes
- Spanaway, WA: higher priced homes
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