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.


Housing Size

Housing Units by Size
Studio Type1.10%
One Bedroom14.20%
Two Bedrooms36.60%
Three Bedrooms36.50%
Four Bedrooms9.40%
Five Bedrooms or more2.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1948
Median Value of occupied units$67,900
Median Price asked for vacant units$53,800

Rented Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1958
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage8.50%
Home Equity Loan7.80%
Simple Mortgage46.40%
Debt Free37.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.9%