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

New Castle, IN has a median modeled monthly cash flow of $-258 and a median cap rate of 4.5%, on a median sold price of $162,900. Prices changed +2.0% year over year.

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

The median cap rate across recently sold homes in New Castle, IN is 4.5%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in New Castle, IN is $162,900 (about $101 per square foot).

Investing in New Castle, IN Real Estate

A data-driven snapshot of the New Castle, IN 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.

$162,900Median sold price

$101Median $/sqft

4.5%Median cap rate

$-258Modeled cash flow / mo

+2.0%Appreciation YoY

11.4Months of supply

329Active listings

347Sold (last 12 mo)

What the New Castle numbers say

In New Castle, IN, the median home sold for $162,900 (about $101 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-258 of monthly cash flow. Sold prices moved +2.0% over the past year. Inventory sits at about 11.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 11 fix-and-flip deals in New Castle — listings where the estimated after-repair value beats list price + rehab.

Other Indiana markets to compare

See New Castle cash-flowing listings

CashFlowRE ranks every for-sale home in New Castle, IN 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.