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New Castle city, IN

ZIP 47362 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47362

Median Home Value
$131,800
Median Rent
$607
Affordability Snapshot
$36,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$847/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 47362 in New Castle city, IN, a household would need roughly $36,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $847. That sits below the local median household income ($56,564), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
73.4%+12% vs US avg
x
Vacancy Rate
13.5%+31% vs US avg
x
Broadband Access
87.0%-0% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
10.7%-16% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
12.8%-74% vs US avg
x
Mortgage-Free
41.6%+9% vs US avg
x
$131,800
Home Value
$607
Rent
1959
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.8%
  • 1-unit attached2.7%
  • 2-9 units9.1%
  • 10+ units5.2%
  • Mobile home & other4.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$131,800
Median rent$607
Owner-occupied73.4%
Vacant13.5%
Price-to-income2.3x
Est. income to buy$36,000