The Most Affordable Neighborhoods in Newcastle, IL by Home Value

These days, finding an affordable place to live in the Newcastle area can be challenging. Home prices in Newcastle are now at a median cost of $94,362, lower than the Illinois average of $300,242.

The average cost of rent is $630/mo in Newcastle, primarily driven by the current value of real estate in the Newcastle area. In Newcastle, 17.64% of households rent, and 62.50% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Newcastle is $5,509 per month. Households that rent pay about 11.44% of their income on rent here. Newcastle’s most expensive areas are in the northwestern 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.

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