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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 $197,562, lower than the Virginia average of $443,089.
The average cost of rent is $707/mo in New Castle, primarily driven by the current value of real estate in the New Castle area. In New Castle, 16.19% of households rent, and 47.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Castle is $6,235 per month. Households that rent pay about 11.33% of their income on rent here. New Castle’s most expensive areas are in the eastern 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
- Barbours Creek, VA: less expensive homes
- Simmonsville, VA: higher priced homes
- Haymakertown, VA: higher priced homes
- Catawba, VA: higher priced homes
- Paint Bank, VA: less expensive homes
- Craig Springs, VA: equally priced homes
- Sinking Creek, VA: higher priced homes
- Mason Cove, VA: equally priced homes
- Maggie, VA: equally priced homes
- Flatwoods, VA: higher priced homes
Cities with Similar Populations
- Ash Flat, AR: less expensive homes
- Colwyn, PA: less expensive homes
- Laurelville, OH: higher priced homes
- Wilson, OK: less expensive homes
- Leming, TX: equally priced homes
- Livingston Manor, NY: equally priced homes
- Maple Park, IL: higher priced homes
- Millport, AL: less expensive homes
- Nunda, NY: less expensive homes
- Pleasant Hill, OR: higher priced homes
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