Is New Castle, DE a good place to invest in rental property?

New Castle, DE has a median modeled monthly cash flow of $-430 and a median cap rate of 4.7%, on a median sold price of $310,000. Prices changed +5.1% year over year.

What is the average cap rate in New Castle, DE?

The median cap rate across recently sold homes in New Castle, DE is 4.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in New Castle, DE?

The median sold price in New Castle, DE is $310,000 (about $216 per square foot).

Investing in New Castle, DE Real Estate

A data-driven snapshot of the New Castle, DE rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$310,000Median sold price

$216Median $/sqft

4.7%Median cap rate

$-430Modeled cash flow / mo

+5.1%Appreciation YoY

4.6Months of supply

104Active listings

269Sold (last 12 mo)

What the New Castle numbers say

In New Castle, DE, the median home sold for $310,000 (about $216 per square foot), and the typical deal models out to a 4.7% cap rate with a median $-430 of monthly cash flow. Sold prices moved +5.1% over the past year. Inventory sits at about 4.6 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Delaware markets to compare

See New Castle cash-flowing listings

CashFlowRE ranks every for-sale home in New Castle, DE by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen New Castle deals, or browse the national market data.