New Castle, KY 40050 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

New Castle, KY—40050

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$212,000

1.0% YoY Growth

Household Income

$45,500

25.4% YoY Growth

Days on Market

40.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Other Zip Codes in New Castle, KY

40070

Home Price Trends — New Castle, KY

As of Dec '25, the median home price in New Castle, KY is $212,000, with a year-over-year change of 1.0%. This indicates that home prices in New Castle, KY are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$212,000	1.0%
Single Family	$212,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — New Castle, KY

New Castle, KY lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

6.1%

1 Bedroom

47.3%

2 Bedrooms

37.6%

3 Bedrooms

9.1%

Property Listings — New Castle, KY

As of Dec '25, Realtor.com reports that the median days on market for a home in New Castle, KY is 40. This is a decrease of -23.0% 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 133.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$305,000	-29.0%
Listing Count	4	-35.0%
Listings as % of Homes	0.8%	-35.0%
Days on Market	90	-40.0%

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Demographics — New Castle, KY

As of the latest ACS Survey released in 2023, New Castle, KY has a population of 1,880, which has increased by 4.9% over the past 5 years. New Castle, KY is a popular place for families, as children make up 25.5% of the population. The area has a moderately educated workforce, with 25.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,880	4.9%
% Under 18	25.5%	2.8%
% Seniors	17.1%	-24.7%
% WFH	2.5%	-73.1%
% w/ College Degree	25.6%	181.3%

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As of the latest ACS Survey released in 2023, New Castle, KY is a predominantly white area, with 91.8% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in New Castle, KY is asian, making up 4.0% of the population. Foreign-born residents account for 1.6% of the population in New Castle, KY, and this percentage has increased by 433.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	91.8%	-1.1%
% Black	2.2%	-26.7%
% Hispanic	1.6%	-27.3%
% Asian	4.0%	∞%
% Foreign Born	1.6%	433.3%

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Mortgage and Risk — New Castle, KY

According to HUD data as of 2023, there were 85 mortgage originations in New Castle, KY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in New Castle, KY. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	85
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	8.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — New Castle, KY

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

Section 8 Market Size

Total Units under HUD	54
Total Units Section 8	54
% Rentals under Section 8	33.3%
% Occupied Section 8	88.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$970
2 Bedroom	N/A	N/A	$1,180
3 Bedroom	N/A	N/A	$1,540
4 Bedroom	N/A	N/A	$1,760

New Castle, KY—40050

Key Metrics at a Glance

Other Zip Codes in New Castle, KY

Home Price Trends — New Castle, KY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Castle, KY

% of Rental Stock

Property Listings — New Castle, KY

Demographics — New Castle, KY

Race and Ethnicity

Mortgage and Risk — New Castle, KY

Mortgages

Rentals and Section 8 — New Castle, KY

Section 8 Market Size

Section 8 Opportunity

Affordability — New Castle, KY

Home Price to Income Ratio

New Castle, KY — ZIP Code Boundary Map

Nearby ZIP Codes

Eminence, KY

New Castle, KY

Campbellsburg, KY

Smithfield, KY

Turners Station, KY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.2
Median Home Price	$212,000
Median Household Income	$45,500

New Castle, KY—40050

Key Metrics at a Glance

Other Zip Codes in New Castle, KY

Home Price Trends — New Castle, KY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Castle, KY

% of Rental Stock

Property Listings — New Castle, KY

Demographics — New Castle, KY

Race and Ethnicity

Mortgage and Risk — New Castle, KY

Mortgages

Rentals and Section 8 — New Castle, KY

Section 8 Market Size

Section 8 Opportunity

Affordability — New Castle, KY

Home Price to Income Ratio

New Castle, KY — ZIP Code Boundary Map

Nearby ZIP Codes

Eminence, KY

New Castle, KY

Campbellsburg, KY

Smithfield, KY

Turners Station, KY

Frequently Asked Questions

What is the average home price in New Castle, KY 40050?

How have home prices in New Castle, KY 40050 changed over the past year?

What is the home price projection for New Castle, KY 40050?

What are the demographics of New Castle, KY 40050?

How long does it take homes to sell in New Castle, KY 40050?

What is the average rent price in New Castle, KY 40050?