Newcastle, OK—73065
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newcastle, OK
As of Oct '25, the median home price in Newcastle, OK is $283,000, with a year-over-year change of 0.6%. This indicates that home prices in Newcastle, OK are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $283,000 | 0.6% |
| Single Family | $283,000 | 0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $219,000 | 0.5% |
3 Bed | $262,000 | 0.4% |
4 Bed | $333,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newcastle, OK
As of July '25, Rentcast reports the average rent in Newcastle, OK is $1,680, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Newcastle, OK is 2-bedrooms: $1,170, 3-bedrooms: $1,630, 4-bedrooms: $1,850. The most common rental property sizes in Newcastle, OK are 2-bedroom and 3-bedroom, accounting for 41.5% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,170 |
| 3 Bed Rent | $1,550 | $1,630 |
| 4 Bed Rent | $1,850 | $1,850 |
% of Rental Stock
Property Listings — Newcastle, OK
As of Oct '25, Realtor.com reports that the median days on market for a home in Newcastle, OK is 52. This is a increase of 15.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $367,000 | -7.0% |
Listing Count | 163 | 19.0% |
| Listings as % of Homes | 2.7% | 19.0% |
Days on Market | 52 | 15.0% |
Demographics — Newcastle, OK
As of the latest ACS Survey released in 2023, Newcastle, OK has a population of 11,100, which has increased by 32.5% over the past 5 years. Newcastle, OK is a popular place for families, as children make up 25.5% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,100 | 32.5% |
% Under 18 | 25.5% | 2.4% |
% Seniors | 14.2% | 0.7% |
% WFH | 13.4% | 106.2% |
% w/ College Degree | 31.6% | 14.5% |
As of the latest ACS Survey released in 2023, Newcastle, OK is a predominantly white area, with 77.7% of the population identifying as white. The white population has shrunk by 10.8% in the last 5 years. The second most common race or ethnicity in Newcastle, OK is hispanic, making up 6.9% of the population. Foreign-born residents account for 3.1% of the population in Newcastle, OK, and this percentage has increased by 244.4% 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 | 77.7% | -10.8% |
% Black | 1.8% | 125.0% |
% Hispanic | 6.9% | 102.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 3.1% | 244.4% |
Mortgage and Risk — Newcastle, OK
According to HUD data as of 2023, there were 346 mortgage originations in Newcastle, OK, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Newcastle, OK. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 346 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Newcastle, OK
Newcastle, OK 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 | 7.3% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | -$180 | $1,200 | $1,020 |
| 3 Bedroom | -$190 | $1,550 | $1,360 |
| 4 Bedroom | -$360 | $1,850 | $1,490 |
Affordability — Newcastle, OK
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $283,000 |
| Median Household Income | $93,500 |