Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.8 yrs |
|---|---|
| Avg HH Size | 2.43 |
| Below Poverty | 12.9% ▲ 29% above avg |
| College Grads | 25.4% ▼ 34% below avg |
| Unemployment | 4.3% ▼ 12% below avg |
| No HS Diploma | 267 (1.4%) |
| HS Graduate | 7,393 (37.9%) |
| Some College | 3,915 (20%) |
| Associates | 2,993 (15.3%) |
| Bachelors | 1,871 (9.6%) |
| Graduate Degree | 3,088 (15.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $56,564 ▼ 26% below avg |
|---|---|
| Median Home Value | $131,800 ▼ 53% below avg |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $792/mo |
| Total Housing Units | 12,523 |
| Vacant Units | 1,694 |
Income Distribution
How People Get to Work
Commute Time
Year Built
New Castle is a city in Indiana, located in Henry County. The city spans 1 ZIP code and is home to approximately 29,442 residents. It is a middle-aged city, with a median age of 42.8 years.
Economically, New Castle is a solidly middle-class community. The median household income of $56,564 is below the national average. Approximately 12.9% of residents live below the poverty line. The unemployment rate is 4.3%, near the national average.
The real estate market in New Castle is one of the more affordable housing markets in the country. Median home values stand at $131,800, which is well below the national average. Renters typically pay around $792 per month. Homeownership is high at 73.4%, typical of suburban and family-oriented communities.
The population of New Castle is moderately educated. 25.4% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (90.18%).
New Castle, IN offers residents a cost-conscious lifestyle within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47362 | 29,442 | $56,564 | $131,800 | $792 | 4.3% | 25.4% | 73.4% |