New Castle, KY housing market
The typical New Castle home is worth about $216,000, down 4% in a year, 7% below the Kentucky typical home.
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
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | New Castle | Kentucky |
|---|---|---|
| 2017 | $120,000 | $131,000 |
| 2018 | $128,000 | $138,000 |
| 2019 | $134,000 | $146,000 |
| 2020 | $141,000 | $155,000 |
| 2021 | $162,000 | $173,000 |
| 2022 | $181,000 | $191,000 |
| 2023 | $201,000 | $207,000 |
| 2024 | $208,000 | $216,000 |
| 2025 | $223,000 | $229,000 |
| 2026 | $221,000 | $233,000 |
| August 2026 | $216,000 | $233,000 |
5 years of income
The typical New Castle home costs about 5 years of the town's median household income, more than across Kentucky (3.7 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,070
HUD's Fair Market Rent for a two-bedroom in New Castle is $1,070 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in New Castle pay a median of $764, so moving in tends to cost more than staying put. A two-bedroom takes about 30% of the town's median household income.
Studio $800 · 4 bedrooms $1,590
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (40050, 40058; Louisville, KY-IN HUD Metro FMR Area), 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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.