New Castle, IN Metro Area - Investment Guide
Metro Area • 11 Cities • 12 ZIP Codes
Avg Home Value
$208,586
Avg Monthly Rent
$927
Avg Cap Rate
3.60%
Avg Investability
3.0 ★
Cities
11
ZIP Codes
12
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
New Castle, IN Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
13.3%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in New Castle, IN
Every ZIP in the metro, ranked four ways. Free.
Cities in New Castle, IN
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 47351 | Shirley | IN | $139,126 | $1,107 | 6.21% | |
| 47351 | Shirley | IN | $139,126 | $1,107 | 6.21% | |
| 47384 | Shirley | IN | $217,610 | $990 | 3.55% | |
| 47388 | Sulphur Springs | IN | $168,902 | $999 | 4.61% | |
| 47352 | Lewisville | IN | $224,988 | $936 | 3.24% | |
| 47356 | Middletown | IN | $250,530 | $882 | 2.75% | |
| 47385 | Spiceland | IN | $201,027 | $864 | 3.35% | |
| 47360 | Mooreland | IN | $264,170 | $927 | 2.74% | |
| 47386 | Springport | IN | $252,096 | $891 | 2.76% | |
| 46148 | Knightstown | IN | $219,055 | $990 | 3.53% | |
| 47361 | Mount Summit | IN | $159,430 | $972 | 4.76% | |
| 47387 | Straughn | IN | $189,369 | $882 | 3.63% | |
| 47388 | Sulphur Springs | IN | $151,744 | $999 | 5.14% | |
| 47352 | Lewisville | IN | $212,160 | $936 | 3.44% | |
| 47362 | New Castle | IN | $173,469 | $709 | 3.19% | |
| 47384 | Shirley | IN | $234,370 | $990 | 3.29% | |
| 47356 | Middletown | IN | $235,031 | $882 | 2.93% | |
| 47360 | Mooreland | IN | $243,207 | $927 | 2.97% | |
| 47385 | Spiceland | IN | $213,546 | $864 | 3.16% | |
| 46148 | Knightstown | IN | $224,051 | $990 | 3.45% | |
| 47361 | Mount Summit | IN | $148,038 | $972 | 5.12% | |
| 47386 | Springport | IN | $267,683 | $891 | 2.60% | |
| 47387 | Straughn | IN | $200,812 | $882 | 3.43% | |
| 47351 | Shirley | IN | $151,103 | $1,107 | 5.71% | |
| 47362 | New Castle | IN | $163,854 | $957 | 4.56% | |
| 47384 | Shirley | IN | $214,599 | $990 | 3.60% | |
| 47388 | Sulphur Springs | IN | $167,539 | $999 | 4.65% | |
| 47352 | Lewisville | IN | $219,932 | $936 | 3.32% | |
| 47385 | Spiceland | IN | $203,669 | $864 | 3.31% | |
| 47356 | Middletown | IN | $244,923 | $882 | 2.81% | |
| 47360 | Mooreland | IN | $256,958 | $927 | 2.81% | |
| 47386 | Springport | IN | $252,483 | $891 | 2.75% | |
| 46148 | Knightstown | IN | $219,055 | $990 | 3.53% | |
| 47361 | Mount Summit | IN | $155,614 | $972 | 4.87% | |
| 47387 | Straughn | IN | $187,654 | $882 | 3.67% | |
| 47388 | Sulphur Springs | IN | $155,321 | $999 | 5.02% | |
| 47352 | Lewisville | IN | $212,160 | $936 | 3.44% | |
| 47362 | New Castle | IN | $170,591 | $856 | 3.91% | |
| 47384 | Shirley | IN | $229,038 | $990 | 3.37% | |
| 47356 | Middletown | IN | $235,031 | $882 | 2.93% | |
| 47360 | Mooreland | IN | $243,207 | $927 | 2.97% | |
| 47385 | Spiceland | IN | $208,040 | $864 | 3.24% | |
| 46148 | Knightstown | IN | $219,069 | $990 | 3.52% | |
| 47361 | Mount Summit | IN | $148,038 | $972 | 5.12% | |
| 47386 | Springport | IN | $263,298 | $891 | 2.64% | |
| 47387 | Straughn | IN | $196,875 | $882 | 3.49% | |
| 47351 | Shirley | IN | $147,791 | $1,107 | 5.84% | |
| 47362 | New Castle | IN | $163,854 | $957 | 4.56% | |
| 47388 | Sulphur Springs | IN | $164,762 | $999 | 4.73% | |
| 47352 | Lewisville | IN | $218,165 | $936 | 3.35% |
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About New Castle, IN Real Estate Market
The New Castle, IN metropolitan statistical area (MSA) encompasses 11 cities and 12 ZIP codes. The average home value across the metro is $208,586, with an average monthly rent of $927. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.