New Castle, IN Real Estate
According to census data in the year 2000 there were 7,996 housing units in New Castle.
This represents a 2.1% growth from 7,829 in 1990.
Of those housing units, 7,988 were located in either urbanized areas or urban clusters, and 8 were located in what is classified as a rural area.
Homeownership rate in New Castle is about 65.9%.
New Castle's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.35 people.
The majority of houses, apartments or condos in New Castle were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 14.20% |
| Two Bedrooms | 36.60% |
| Three Bedrooms | 36.50% |
| Four Bedrooms | 9.40% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $67,900 |
| Median Price asked for vacant units | $53,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 8.50% |
| Home Equity Loan | 7.80% |
| Simple Mortgage | 46.40% |
| Debt Free | 37.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.9% |
