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

New Castle, PA has a median modeled monthly cash flow of $243 and a median cap rate of 8.7%, on a median sold price of $117,000. Prices changed +12.1% year over year.

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

The median cap rate across recently sold homes in New Castle, PA is 8.7%, based on CashFlowRE's rent and expense modeling.

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

The median sold price in New Castle, PA is $117,000 (about $84 per square foot).

Investing in New Castle, PA Real Estate

#131 cash-flow market in the U.S.

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

$117,000Median sold price

$84Median $/sqft

8.7%Median cap rate

$243Modeled cash flow / mo

+12.1%Appreciation YoY

6.2Months of supply

183Active listings

357Sold (last 12 mo)

What the New Castle numbers say

In New Castle, PA, the median home sold for $117,000 (about $84 per square foot), and the typical deal models out to a 8.7% cap rate with a median $243 of monthly cash flow. Sold prices moved +12.1% over the past year. Inventory sits at about 6.2 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Pennsylvania markets to compare

See New Castle cash-flowing listings

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