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

New Castle, PA has a median modeled monthly cash flow of $422 and a median cap rate of 12.0%, on a median sold price of $90,000. Prices changed +1.6% 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 12.0%, 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 $90,000 (about $65 per square foot).

Investing in New Castle, PA Real Estate

#40 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.

$90,000Median sold price

$65Median $/sqft

12.0%Median cap rate

$422Modeled cash flow / mo

+1.6%Appreciation YoY

8.4Months of supply

192Active listings

273Sold (last 12 mo)

What the New Castle numbers say

In New Castle, PA, the median home sold for $90,000 (about $65 per square foot), and the typical deal models out to a 12.0% cap rate with a median $422 of monthly cash flow. Sold prices moved +1.6% over the past year. Inventory sits at about 8.4 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.

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.