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New Castle IN Multi-family Properties For Sale

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!

Learn More About New Castle Real Estate

Statistics & facts

17,465 Population
$132K Medium Home Value
7,179 # of Households
15.27% Housing Vacancy
35.61% Future Job Growth
2.90% Unemployment Rate

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Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Population

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.

Household

The median household income for New Castle is $46,112, with 7,179 households and an average household size of 2.37.

Cost of Living

The cost of living index in New Castle is 70.6%.

Home Value

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.

Employment

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%.

Taxes

The sales tax rate in New Castle is 7.00%, while the income tax rate is 3.23%.

Education

School expenditures in New Castle are $12,632, and the school ratio is 13.9:1.

Weather

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.

Education near New Castle IN

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

Elementary Schools near New Castle IN

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

Middle Schools near New Castle IN

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

High Schools near New Castle IN

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