New Castle, VA Housing

New Castle, VA is a booming housing market with a median value of $229,600. This is significantly lower than the US House median value of $338,100. Over the past year, the US House appreciation rate was 8.27%, while New Castle saw an impressive 15.80% appreciation rate in house values. This trend showcases that New Castle is an up-and-coming area for housing investments, making it an attractive destination for potential buyers and investors alike.

The median home cost in New Castle is $229,600. Home appreciation the last 10 years has been 55.9%. Home Appreciation in New Castle is up 15.8%.

Average Age of Homes

- The median age of New Castle real estate is 71 years old

The Rental Market in New Castle

- Renters make up 24.8% of the New Castle population
- 7.5% of houses and apartments in New Castle, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	New Castle, Virginia	United States
	120.0	139,647,020.0
	56	42
	$229,600	$338,100
	15.8%	16.6%
	48.0%	57.0%
	55.9%	101.1%
	$4.45	$10.98
	$1,258	$2,690
	45.0%	57.4%
	15.0%	11.2%
	40.0%	31.4%
Vacant Housing
	7.5%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	7.5%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	9.3%	3.9%
	3.7%	4.5%
	3.7%	11.3%
	5.6%	13.0%
	57.4%	20.1%
	20.4%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.3%	13.6%
	3.3%	13.6%
	5.8%	13.6%
	5.8%	13.2%
	10.8%	14.8%
	5.8%	13.6%
	13.3%	10.0%
	18.3%	4.7%
	18.3%	12.2%