New Castle—03854
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Castle
As of Oct '25, the median home price in New Castle is $2,364,000, with a year-over-year change of 2.0%. This indicates that home prices in New Castle are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,364,000 | 2.0% |
| Single Family | $2,332,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $2,215,000 | 1.3% |
4 Bed | $3,160,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,850 | $4,840 |
| Studio Rent | $3,250 | $3,230 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $5,000 | $5,300 |
| 3 Bed Rent | $4,850 | $5,520 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Castle
As of Oct '25, Realtor.com reports that the median days on market for a home in New Castle is 28. This is a decrease of -52.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,510,000 | -27.0% |
Listing Count | 7 | 144.0% |
| Listings as % of Homes | 0.2% | 144.0% |
Days on Market | 28 | -52.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 948 | 21.5% |
% Under 18 | 17.5% | 15.9% |
% Seniors | 36.5% | -13.7% |
% WFH | 35.8% | 78.1% |
% w/ College Degree | 71.4% | 1.4% |
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
| Metric | Latest Census | 5-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% |
Mortgage and Risk — New Castle
New Castle lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip 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 |
Loan Activity
No data available
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,270 |
| 2 Bedroom | -$2,060 | $5,000 | $2,940 |
| 3 Bedroom | -$1,210 | $4,850 | $3,640 |
| 4 Bedroom | N/A | N/A | $4,120 |
Affordability — New Castle
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.7 |
| Median Home Price | $2,364,000 |
| Median Household Income | $194,000 |