Median Age
42 Years
Largest Age Group
55-64 Years
Approximately 13% of Residents
Under 20
23%
Over 65
21%
New Castle
New Castle, IN Area Guide
Avg Rent
$833
Population
19,679
Renter Mix
41% Rent
Savor outdoor recreation and local history in Central Indiana
Rural
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Suburban
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Active
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Historic
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Quaint
•
Riverside
•
Affordable
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Welcoming
•
Commuter
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Located in the heart of Indiana, New Castle sits in Henry County along the Big Blue River. New Castle offers residents the best of rural and urban living, boasting a strong sense of community spirit within minutes of larger cities like Muncie and Indianapolis.
Outdoor activities abound in New Castle, with eight public parks, an aquatic center, and numerous athletic facilities and multi-use trails in town. New Castle is also convenient to the expansive Summit Lake State Park. New Castle celebrates history at the Indiana Basketball Hall of Fame and throughout its own historic downtown area. The largest high school gymnasium in the world is also situated in New Castle. Getting around from New Castle is easy with access to I-70 as well as Routes 3 and 38.
Demographics
Median Household Income
$48,517
Average: $58,413
Education
2,869
Residents Have a Degree
Job Market
8,735
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
New Castle has more homeowners than renters.
Renters
41%
Non-Renters
59%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
11%
Other Education
89%
Rent Trends
As of May 2026, the average apartment rent in New Castle, IN is $577 for a studio, $837 for one bedroom, $945 for two bedrooms, and $925 for three bedrooms. Apartment rent in New Castle has decreased by -1.7% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$837/month
564 Sq Ft
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly New Castle, IN is for everyday living.
Somewhat Walkable
Walkability
30
/ 100
Exceptionally Drivable
Drivability
100
/ 100
Fairly Bikeable
Bikeability
40
/ 100
Scores provided by
Schools
Wilbur Wright Elementary School
Public
Grades PK-5
294 Students
Blue River Valley Elementary School
Public
Grades PK-5
322 Students
James Whitcomb Riley Elementary School
Public
Grades PK-5
235 Students
Public
Grades PK-5
260 Students
Public
Grades PK-5
274 Students
Public
Grades 6-8
666 Students
Blue River Valley Jr-Sr High School
Public
Grades 6-12
320 Students
Public
Grades 9-12
836 Students
Blue River Valley Jr-Sr High School
Public
Grades 6-12
320 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Summit Lake State Park
Commuter Rail
Top Apartments in New Castle
Houses for Rent in New Castle
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.