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New Castle, PA—16102

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$110,000
0.9% YoY Growth
Household Income
$52,500
13.6% YoY Growth
Days on Market
130
33.0% Longer YoY
Home Price Forecast
0.5%
Median Rent
$695
2.5% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$695
0.7% YoY Growth
3-Bed Rent
$1,000
11.9% YoY Growth

Other Zip Codes in New Castle, PA

1610116105
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — New Castle, PA

As of Dec '25, the median home price in New Castle, PA is $110,000, with a year-over-year change of -0.9%. This indicates that home prices in New Castle, PA are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$110,000-0.9%
Single Family $110,000-1.8%
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
    		$83,000-4.6%
    3 Bed
    		$145,0002.1%
    4 Bed
    		$170,0001.2%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    4.9%
    2 Bedrooms
    29.5%
    3 Bedrooms
    51.8%
    4 Bedrooms
    13.4%
    5+ Bedrooms
    0.1%

    Rental Trends — New Castle, PA

    As of July '25, Rentcast reports the average rent in New Castle, PA is $774, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in New Castle, PA is 2-bedrooms: $695, 3-bedrooms: $1,000, 4-bedrooms: $700. The most common rental property sizes in New Castle, PA are 2-bedroom and 3-bedroom, accounting for 38.5% and 30.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$695$774
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $695$695
    3 Bed Rent $1,000$1,000
    4 Bed Rent $600$700
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    % of Rental Stock

    1 Bedroom
    24.6%
    2 Bedrooms
    38.5%
    3 Bedrooms
    30.9%
    4 Bedrooms
    6.1%

    Property Listings — New Castle, PA

    As of Dec '25, Realtor.com reports that the median days on market for a home in New Castle, PA is 90. This is a increase of 38.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$55,600-3.0%
    Listing Count
    		21-24.0%
    Listings as % of Homes1.3%-24.0%
    Days on Market
    		13033.0%
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    Demographics — New Castle, PA

    As of the latest ACS Survey released in 2023, New Castle, PA has a population of 4,930, which has decreased by -17.3% over the past 5 years. New Castle, PA is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,930-17.3%
    % Under 18
    		19.1%-15.1%
    % Seniors
    		22.8%26.0%
    % WFH
    		9.2%104.4%
    % w/ College Degree
    		18.4%-14.4%
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    As of the latest ACS Survey released in 2023, New Castle, PA is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in New Castle, PA is black, making up 2.3% of the population. Foreign-born residents account for 0.3% of the population in New Castle, PA, and this percentage has decreased by 76.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.7%-0.5%
    % Black
    		2.3%-25.8%
    % Hispanic
    		0.6%0.0%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		0.3%-76.9%
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    Mortgage and Risk — New Castle, PA

    According to HUD data as of 2023, there were 17 mortgage originations in New Castle, PA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 59.0% above 90% LTV (very high). This implies large mortgage risk in New Castle, PA. Investor activity is low, as 6.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		17
    % Conventional Loans
    		71.0%
    % Government Loans
    		29.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		0.0%
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    Rentals and Section 8 — New Castle, PA

    New Castle, PA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		64
    Total Units Section 8
    		26
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$760
    2 Bedroom$305$695$1,000
    3 Bedroom$400$1,000$1,400
    4 Bedroom$990$600$1,590

    Affordability — New Castle, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2
    Median Home Price$110,000
    Median Household Income$52,500

    New Castle, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    16160

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    Frequently Asked Questions