New Castle, KY—40050
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in New Castle, KY
Home Price Trends — New Castle, KY
As of Oct '25, the median home price in New Castle, KY is $207,000, with a year-over-year change of 2.2%. This indicates that home prices in New Castle, KY are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | 2.2% |
| Single Family | $207,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $172,000 | 3.6% |
3 Bed | $213,000 | 2.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — New Castle, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in New Castle, KY is 46. This is a increase of 42.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $259,000 | -22.0% |
Listing Count | 6 | -34.0% |
| Listings as % of Homes | 0.8% | -34.0% |
Days on Market | 46 | 42.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — New Castle, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $207,000 |
| Median Household Income | $45,500 |