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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 $132,953, lower than the Indiana average of $232,932.
The average cost of rent is $837/mo in New Castle, primarily driven by the current value of real estate in the New Castle area. In New Castle, 31.30% of households rent, and 45.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Castle is $4,947 per month. Households that rent pay about 16.92% of their income on rent here. New Castle’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- El Macero, CA: higher priced homes
- El Dorado, AR: equally priced homes
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