Newcastle, WY—82701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newcastle, WY
As of Oct '25, the median home price in Newcastle, WY is $238,000, with a year-over-year change of 1.2%. This indicates that home prices in Newcastle, WY are increasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $238,000 | 1.2% |
| Single Family | $238,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $168,000 | -1.8% |
3 Bed | $263,000 | -0.8% |
4 Bed | $305,000 | 1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newcastle, WY
Newcastle, WY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $625 | $625 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $625 | $625 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Newcastle, WY
As of Oct '25, Realtor.com reports that the median days on market for a home in Newcastle, WY is 58. This is a decrease of -16.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $289,000 | -6.0% |
Listing Count | 22 | 2.0% |
| Listings as % of Homes | 0.8% | 2.0% |
Days on Market | 58 | -16.0% |
Demographics — Newcastle, WY
As of the latest ACS Survey released in 2023, Newcastle, WY has a population of 5,410, which has decreased by -1.4% over the past 5 years. Newcastle, WY is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,410 | -1.4% |
% Under 18 | 20.1% | -5.6% |
% Seniors | 20.3% | 13.4% |
% WFH | 5.4% | 25.6% |
% w/ College Degree | 17.6% | -9.3% |
As of the latest ACS Survey released in 2023, Newcastle, WY is a predominantly white area, with 84.0% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Newcastle, WY is hispanic, making up 3.3% of the population. Foreign-born residents account for 2.3% of the population in Newcastle, WY, and this percentage has decreased by 54.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.0% | -8.9% |
% Black | 0.1% | ∞% |
% Hispanic | 3.3% | 153.8% |
% Asian | 0.9% | -82.4% |
% Foreign Born | 2.3% | -54.0% |
Mortgage and Risk — Newcastle, WY
According to HUD data as of 2023, there were 73 mortgage originations in Newcastle, WY, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Newcastle, WY. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 73 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Newcastle, WY
Newcastle, WY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | $425 | $625 | $1,050 |
| 3 Bedroom | N/A | N/A | $1,460 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Newcastle, WY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $238,000 |
| Median Household Income | $88,800 |