Median price for residential apartments in New Castle, IN as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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89 New Castle, IN 47362, USA apartments for sale
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New Castle
According to statistics, the population in New Castle, IN amounts to 17,476, which shows decline -1% compared to the previous year. The median age of the city’s residents is 41. The average household income is $36,655, shifting growth 5% from the past year, and the average property value in New Castle, IN growth 4% to $71,700 throughout the year.
| Population | 17,476 |
| Median Age | 40.8 |
| Poverty Rate | 23% |
| Household Income | $36,655 |
| Number Of Employees | 6,748 |
| Median Property Value | $71,700 |
Household Income
The average household income in New Castle, IN grew from $34,924 to $36,655 in the past year. This data is an estimate based upon 7,176 households in New Castle, IN . The chart below presents how household income is distributed in New Castle, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in New Castle, IN shifted from $68,800 to $71,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in New Castle, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of New Castle, IN properties falls in the '$70,000 to $79,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New Castle, IN compared to median property taxes around the country. The prevalent amount of property taxes in New Castle, IN equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in New Castle, IN 47362, USA
Average apartment sale in New Castle: $150,546 (-0.2%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $112,594 | +7.7% |
| 2-bed apartments | $101,875 | +0.3% |
| 3-bed apartments | $162,179 | +6.8% |
| 4+ bed apartments | $232,250 | -4.8% |
During Dec 2022, the average price for an apartment in/near New Castle, IN decreased by 0.2% to $150,546.
Knowing the current property prices is key if you plan to buy a studio in New Castle, IN. The average price for a studio has increased since the last month, currently being $112,594. Asking price for 2-bed apartment also increased by 0.3% and a place of this size will now cost you $101,875. A 3-bed apartment goes for $162,179, it increased by 6.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 4.8% and made it down to $232,250.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Duplexes for sale | $152,800 | +0% |
| Houses for sale | $153,665 | -2.6% |
| Lofts for sale | $173,750 | +0% |
| Condos for sale | $199,000 | +11.1% |
| Land for sale | $12,833 | -74.4% |
Price reports demonstrate that house price decreased by 2.6% this month making it up to $153,665. Condos are really in demand in this season. The median price for a condo increased by 11.1%, it’s now available for $199,000. An average value of duplex is $152,800, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $173,750. The average price of the land for sale in New Castle, IN has decreased by 74.4%, and now equals $12,833.
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