New Castle, CO—81647
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Castle, CO
As of Oct '25, the median home price in New Castle, CO is $639,000, with a year-over-year change of 4.3%. This indicates that home prices in New Castle, CO are increasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $639,000 | 4.3% |
| Single Family | $669,000 | 4.4% |
| Condos | $390,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $431,000 | 2.9% |
3 Bed | $638,000 | 4.4% |
4 Bed | $802,000 | 4.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Castle, CO
As of July '25, Rentcast reports the average rent in New Castle, CO is $2,730, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in New Castle, CO is 2-bedrooms: $2,160, 3-bedrooms: $3,180, 4-bedrooms: $3,100. The most common rental property sizes in New Castle, CO are 2-bedroom and 4-bedroom, accounting for 37.1% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,100 | $2,160 |
| 3 Bed Rent | $2,800 | $3,180 |
| 4 Bed Rent | $3,100 | $3,100 |
% of Rental Stock
Property Listings — New Castle, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in New Castle, CO is 73. This is a increase of 29.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $797,000 | -6.0% |
Listing Count | 49 | -1.0% |
| Listings as % of Homes | 1.1% | -1.0% |
Days on Market | 73 | 29.0% |
Demographics — New Castle, CO
As of the latest ACS Survey released in 2023, New Castle, CO has a population of 7,040, which has decreased by -4.0% over the past 5 years. New Castle, CO is a popular place for families, as children make up 26.7% of the population. The area has a moderately educated workforce, with 31.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,040 | -4.0% |
% Under 18 | 26.7% | 0.0% |
% Seniors | 17.0% | 109.9% |
% WFH | 18.7% | 306.5% |
% w/ College Degree | 31.5% | 5.0% |
As of the latest ACS Survey released in 2023, New Castle, CO is a predominantly white area, with 61.9% of the population identifying as white. The white population has shrunk by 14.6% in the last 5 years. The second most common race or ethnicity in New Castle, CO is hispanic, making up 32.7% of the population. Foreign-born residents account for 11.9% of the population in New Castle, CO, and this percentage has increased by 8.2% 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 | 61.9% | -14.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 32.7% | 30.3% |
% Asian | 0.7% | ∞% |
% Foreign Born | 11.9% | 8.2% |
Mortgage and Risk — New Castle, CO
According to HUD data as of 2023, there were 180 mortgage originations in New Castle, CO, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in New Castle, CO. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 180 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — New Castle, CO
New Castle, CO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 64 |
Total Units Section 8 | 41 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,300 |
| 2 Bedroom | -$400 | $2,100 | $1,700 |
| 3 Bedroom | -$420 | $2,800 | $2,380 |
| 4 Bedroom | -$480 | $3,100 | $2,620 |
Affordability — New Castle, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $639,000 |
| Median Household Income | $80,100 |