Everything You Should Know Before Moving to New Castle, IN
Considering a move to New Castle, IN? With a population of around 17,400, this affordable city boasts a median home price of just $114,000 and average rents near $780. Residents enjoy a short 22-minute commute, a relaxed pace of life, and 58% sunny days each year. While crime rates are slightly higher than average, the community offers access to local schools, a regional hospital, and a cost of living well below the national average—making New Castle a budget-friendly choice for Hoosiers seeking small-town charm.
Demographics - New Castle, IN
Demographics - New Castle, IN
New Castle, Indiana is home to about 17,400 residents, with a median age of 40.4, reflecting a mature and established population. The city is predominantly White (over 92%), with a balanced gender ratio and a relatively small percentage of non-English speakers, creating a close-knit, homogenous community.
Population:
17,396
Density:
1,800 per sq mi
Median Age:
40.4
Gender Ratio:
94 males per 100 females
Non-English Speakers Percentage:
2.4%
Ethnic Composition
White:
92.1%
Black:
2.3%
Asian:
0.5%
Others:
5.1%
Cost Of Living
What is the average cost of living in New Castle, IN?
New Castle offers a notably affordable cost of living, with a median home value of $114,000 and average rent around $780 per month. The cost of living index is well below the national average, making it a budget-friendly choice for both homeowners and renters.
Median House Value:
$114,000
Gross Rent:
$780
Monthly Electricity Charges:
$120
Auto Insurance:
$1,020
House Owner Cost With Mortgage:
$1,040
House Owner Cost Without Mortgage:
$430
State Taxes:
Low:
3.23%
|
High:
3.23%
Cost Of Living Index:
76.8
Grocery:
93.2
Housing:
56.7
Utilities:
98.4
Transportation:
89.1
Health Care:
92.7
Miscellaneous:
90.3
Crime
Is New Castle, IN a safe place to live?
Crime rates in New Castle are slightly higher than the national average, with a 1 in 452 chance of violent crime and a 1 in 49 chance of property crime annually. While these figures may be a consideration, many residents appreciate the city’s community-focused atmosphere and local policing.
Violent Crimes Per 100k:
221
Property Crimes Per 100k:
2,050
Crime Index:
2,271
Chance Of Violent Crime:
1 in 452
Chance Of Property Crime:
1 in 49
Weather
What is the weather like in New Castle, IN year-round?
Residents experience all four seasons, with cold winters averaging lows around 20°F and warm summers reaching highs near 84°F. The city receives about 41 inches of annual rainfall and enjoys sunny weather approximately 58% of the year, offering a mix of outdoor opportunities.
Winter
Min:
20°F
Max:
36°F
Spring
Min:
41°F
Max:
66°F
Summer
Min:
62°F
Max:
84°F
Fall
Min:
43°F
Max:
67°F
Average Rainfall Inches:
41.2 inches
Sunny Days Percentage:
58%
Neighbors
Typical households in New Castle have a median income around $44,700 and a poverty rate of 17.7%. Commute times are short at just over 22 minutes, and most neighbors are high school graduates, contributing to a relaxed, community-oriented environment.
Median Income:
$21,300
Household Income:
$44,700
Family Income:
$55,800
Per Capita Income:
$23,100
Income Male:
$34,000
Income Female:
$27,400
Poverty Rate:
17.7%
Non English Speakers:
2.4%
Rent:
$780
Unemployment Rate:
4.6%
Public Transport Usage:
0.3%
Commute Time:
22.1 minutes
Education
High School or Higher:
87.6%
Bachelors or More:
12.5%
Education
How are the schools in New Castle, IN?
New Castle offers a range of educational options, including several public schools with manageable class sizes and a private Catholic school. Higher education is accessible locally at Ivy Tech Community College, while Ball State University is just 25 miles away in Muncie.
Public Schools
Name:
New Castle High School
Street:
801 Parkview Dr
Phone:
765-593-6670
Students:
1,100
Student Teacher Ratio:
15.1
Name:
Eastwood Elementary School
Street:
806 S 22nd St
Phone:
765-521-7207
Students:
410
Student Teacher Ratio:
16.3
Private Schools
Name:
St. Anne Catholic School
Street:
1366 S 14th St
Phone:
765-529-3440
Students:
110
Colleges
Name:
Ivy Tech Community College – New Castle
City:
New Castle
State:
IN
Distance:
0 miles
Students:
1,200
Name:
Ball State University
City:
Muncie
State:
IN
Distance:
25 miles
Students:
20,000
Healthcare
New Castle is served by Henry Community Health, a general and surgical hospital with emergency services, and offers about 1.2 physicians per 1,000 residents. Over 90% of locals have health insurance coverage, providing solid healthcare access for families and individuals.
Major Hospitals
Name:
Henry Community Health
Address:
1000 N 16th St, New Castle, IN 47362
Phone:
(765) 521-0890
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.2
Health Insurance Coverage:
90.6%
Health Care Index:
69.4
Housing Market
What is the housing market like in New Castle, IN?
The local housing market is affordable, with a median home price of $114,000 and a high owner-occupancy rate of 62.7%. Home values have appreciated by over 6% in the past year, while rental options remain available and competitively priced.
Median Home Price:
$114,000
Average Rent For 2 Bedroom:
$780
Owner Occupied Rate:
62.7%
Rental Vacancy Rate:
7.3%
Home Appreciation Rate (1yr):
6.3%
New Construction Rate:
0.4%
Foreclosure Rate:
0.7%
DMV Information
Residents can access DMV services at the Indiana Bureau of Motor Vehicles branch on S Memorial Dr, with comprehensive information and resources available online or by phone. The local office provides easy access for vehicle registration, licenses, and other driving-related needs.
State:
Indiana
Department:
Indiana Bureau of Motor Vehicles
Address:
1451 S Memorial Dr, New Castle, IN 47362
Phone:
888-692-6841
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.