New Castle, DE housing market
The typical New Castle home is worth about $282,000, about the same as a year ago, 31% below the Delaware typical home. Homes typically sell in 27 days, close to asking.
Home values, sales, trends and how New Castle compares with the towns next door — updated as new data is published.
New Castle at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | New Castle | Delaware |
|---|---|---|
| 2017 | $174,000 | $256,000 |
| 2018 | $181,000 | $263,000 |
| 2019 | $195,000 | $271,000 |
| 2020 | $196,000 | $277,000 |
| 2021 | $214,000 | $306,000 |
| 2022 | $230,000 | $344,000 |
| 2023 | $249,000 | $370,000 |
| 2024 | $270,000 | $388,000 |
| 2025 | $278,000 | $397,000 |
| 2026 | $281,000 | $404,000 |
| August 2026 | $282,000 | $406,000 |
35 new homes permitted in 2025
Builders were permitted 35 new homes in New Castle in 2025: 29 single-family houses and 6 in buildings with two or more homes, worth about $15.9 million to build. That's 6.3 per 1,000 residents, about the pace of Delaware as a whole. Over the past 10 years, New Castle has permitted 288 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, New Castle gained 266 residents while 189 new homes were permitted: about 1.4 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Delaware: 1.8 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 49 | 49 | 0 | $6.9 million |
| 2025 | 35 | 29 | 6 | $15.9 million |
| 2024 | 22 | 22 | 0 | $6.9 million |
| 2023 | 41 | 14 | 27 | $7.3 million |
| 2022 | 12 | 12 | 0 | $3 million |
| 2021 | 14 | 14 | 0 | $3.2 million |
| 2020 | 2 | 2 | 0 | $296,000 |
| 2019 | 4 | 4 | 0 | $605,000 |
| 2018 | 29 | 3 | 26 | $996,000 |
| 2017 | 121 | 1 | 120 | $3.2 million |
| 2016 | 8 | 8 | 0 | $587,000 |
| 2015 | 6 | 6 | 0 | $714,000 |
| 2014 | 5 | 5 | 0 | $552,000 |
| 2013 | 4 | 4 | 0 | $300,000 |
| 2012 | 4 | 4 | 0 | $367,000 |
| 2011 | 4 | 4 | 0 | $909,000 |
| 2010 | 4 | 4 | 0 | $228,000 |
| 2009 | 87 | 11 | 76 | $5.6 million |
| 2008 | 10 | 10 | 0 | $1.1 million |
| 2007 | 4 | 4 | 0 | $254,000 |
| 2006 | 5 | 5 | 0 | $318,000 |
| 2005 | 5 | 5 | 0 | $318,000 |
| 2004 | 8 | 8 | 0 | $509,000 |
| 2003 | 6 | 6 | 0 | $382,000 |
| 2002 | 3 | 3 | 0 | $191,000 |
| 2001 | 4 | 4 | 0 | $254,000 |
| 2000 | 3 | 3 | 0 | $191,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
New Castle and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| New Castle | $282K | −0.3% | $1,640 | 35 | $89,205 |
| Wilmington Manor | — | +3.2%† | $1,640 | — | $78,078 |
† FHFA price index change, where Zillow has no home value for the town.
3.2 years of income
The typical New Castle home costs about 3.2 years of the town's median household income, less than across Delaware (4.8 years).
How New Castle ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,640
HUD's Fair Market Rent for a two-bedroom in New Castle is $1,640 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in New Castle pay a median of $1,739. A two-bedroom takes about 22% of the town's median household income.
Studio $1,270 · 4 bedrooms $2,200
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (19720; Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.