The median home value in New Castle, IN is $132,400. This is lower than the county median home value of $152,900. The national median home value is $338,100. The average price of homes sold in New Castle, IN is $132,400. Approximately 54.80% of New Castle homes are owned, compared to 29.93% rented, while 15.27% are vacant. New Castle real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a New Castle real estate agent to arrange a tour today!
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New Castle has a population of approximately 17,465 and experiences a population change rate of -1.77%. The population density is 2,374.6 / sq mi.
The median household income for New Castle is $46,112, with 7,179 households and an average household size of 2.37.
The cost of living index in New Castle is 70.6%.
The median value of a home in New Castle is $132,400 with an appreciation rate of 15.1%. 54.8% of housing in the city is owned while 29.9% is rented.
The unemployment rate in New Castle is 2.90%, and recent job growth is at -0.06%. Future job growth is projected at 35.61%.
The sales tax rate in New Castle is 7.00%, while the income tax rate is 3.23%.
School expenditures in New Castle are $12,632, and the school ratio is 13.9:1.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 17.7 degrees. The average rainfall is approximately 43.5 inches per year, with 24.5 inches of snow per year.
Metric | City | County |
---|---|---|
High School Graduates | 90.05 | 90.8 |
College Degree - 2 year | 7.49 | 8.82 |
College Degree - 4 year | 16.36 | 17.55 |
Graduate Degree | 5.68 | 5.28 |
Expenditures per Student | $12,632 | $12,632 |
Students per Teacher | 13.90 | 13.90 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Blue River Valley Elementary School | PK - 06 | 379 | 19.6 | 47362 |
Eastwood Elementary School | PK - 06 | 252 | 16.8 | 47362 |
Hagerstown Elementary School | PK - 06 | 589 | 16.8 | 47346 |
James Whitcomb Riley Elementary School | 01 - 06 | 261 | 16.3 | 47362 |
Parker Elementary School | KG - 06 | 440 | 19.1 | 47362 |
Shenandoah Elementary School | PK - 05 | 643 | 23 | 47356 |
Sunnyside Elementary School | KG - 07 | 268 | 14.9 | 47362 |
Tri-Elementary School | KG - 06 | 387 | 17.2 | 47387 |
Westwood Elementary School | 01 - 06 | 256 | 17.1 | 47362 |
Wilbur Wright Elementary School | KG - 06 | 367 | 17.5 | 47362 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Kennard Elementary School | KG - 04 | 94 | 9.2 | 47351 |
New Castle Middle School | 07 - 08 | 552 | 13.1 | 47362 |
Shenandoah Middle School | 06 - 08 | 356 | 16.2 | 47356 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Blue River Valley Junior/Senior High School | 07 - 12 | 266 | 10.2 | 47362 |
Hagerstown Junior/Senior High School | 07 - 12 | 518 | 17.9 | 47346 |
New Castle High School | 09 - 12 | 1119 | 12.8 | 47362 |
Shenandoah High School | 09 - 12 | 385 | 14.3 | 47356 |
Tri Junior-Senior High School | 07 - 12 | 392 | 14.2 | 47387 |