NEW CASTLE HOUSING MARKET INFORMATION With 5,549 people, 2,706 houses or apartments, and a median cost of homes of $430,662, New Castle real estate prices are well above average cost compared to national prices. Single-family detached homes are the single most common housing type in New Castle, accounting for 39.65% of the city's housing units. Other types of housing that are prevalent in New Castle include row houses and other attached homes ( 28.48%), large apartment complexes or high rise apartments ( 25.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.83%). The most prevalent building size and type in New Castle are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.50% owning and 36.50% renting. The housing in New Castle was primarily built before 1939 ( 34.12%), making the housing stock in New Castle some of the oldest overall in America, although there is a range of ages of homes in New Castle. The next most important housing age is between 1970-1999 ( 27.43%), followed by between 1940-1969 ( 20.28%). There's also some housing in New Castle built between 2000 and later ( 18.18%). NEW CASTLE HOME APPRECIATION RATES Real estate appreciation rates in New Castle's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.30% during the period. 蘑菇视频's data show that during the latest twelve months, New Castle's appreciation rate, at 8.68%, has been at or slightly above the national average. In the latest quarter, New Castle's appreciation rate has been 1.61%, which annualizes to a rate of 6.61%. Relative to Delaware, our data show that New Castle's latest annual appreciation rate is higher than 80% of the other cities and towns in Delaware. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within New Castle differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in New Castle - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best New Castle real estate investment or home purchase decisions.