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New Castle—03854

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$2,429,000
1.6% YoY Growth
Household Income
$194,000
80.8% YoY Growth
Days on Market
52
73.0% Shorter YoY
Home Price Forecast
2.2%
Median Rent
$4,850
48.9% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$5,000
63.1% YoY Growth
3-Bed Rent
$4,850
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Castle

As of Dec '25, the median home price in New Castle is $2,429,000, with a year-over-year change of 1.6%. This indicates that home prices in New Castle are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$2,429,0001.6%
Single Family $2,396,0001.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$2,261,0000.5%
    4 Bed
    		$3,218,0001.9%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    5.2%
    2 Bedrooms
    14.1%
    3 Bedrooms
    38.7%
    4 Bedrooms
    37.3%
    5+ Bedrooms
    4.6%

    Rental Trends — New Castle

    As of July '25, Rentcast reports the average rent in New Castle is $4,840, with a year-over-year rent change of 48.9%. Per bedroom, the median rent as of July '25 in New Castle is studios: $3,230, 2-bedrooms: $5,300, 3-bedrooms: $5,520. The most common rental property sizes in New Castle are 4-bedroom and 2-bedroom, accounting for 45.9% and 43.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$4,850$4,840
    Studio Rent $3,250$3,230
    1 Bed Rent N/AN/A
    2 Bed Rent $5,000$5,300
    3 Bed Rent $4,850$5,520
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    10.8%
    2 Bedrooms
    43.2%
    4 Bedrooms
    45.9%

    Property Listings — New Castle

    As of Dec '25, Realtor.com reports that the median days on market for a home in New Castle is 44. This is a decrease of -74.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$3,650,000-16.0%
    Listing Count
    		8283.0%
    Listings as % of Homes0.2%283.0%
    Days on Market
    		52-73.0%
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    Demographics — New Castle

    As of the latest ACS Survey released in 2023, New Castle has a population of 948, which has increased by 21.5% over the past 5 years. New Castle is a moderately popular place for families, as children make up 17.5% of the population. The area has a highly educated workforce, with 71.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 35.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		94821.5%
    % Under 18
    		17.5%15.9%
    % Seniors
    		36.5%-13.7%
    % WFH
    		35.8%78.1%
    % w/ College Degree
    		71.4%1.4%
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    As of the latest ACS Survey released in 2023, New Castle is a predominantly white area, with 96.6% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in New Castle is asian, making up 0.4% of the population. Foreign-born residents account for 0.9% of the population in New Castle, and this percentage has decreased by 40.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		96.6%-3.4%
    % Black
    		0.0%N/A
    % Hispanic
    		0.0%N/A
    % Asian
    		0.4%∞%
    % Foreign Born
    		0.9%-40.0%
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    Mortgage and Risk — New Castle

    New Castle lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
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    Rentals and Section 8 — New Castle

    New Castle lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$2,270
    2 Bedroom-$2,060$5,000$2,940
    3 Bedroom-$1,210$4,850$3,640
    4 BedroomN/AN/A$4,120

    Affordability — New Castle

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio9.9
    Median Home Price$2,429,000
    Median Household Income$194,000

    New Castle — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    03905

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    03904

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    Frequently Asked Questions