Median Age
42 Years
Largest Age Group
55-64 Years
Approximately 13% of Residents
Under 20
23%
Over 65
21%
New Castle, IN Area Guide
Avg Rent
$803
Population
19,679
Renter Mix
41% Rent
Savor outdoor recreation and local history in Central Indiana
Rural
•
Suburban
•
Active
New Castle, Indiana, carries a quiet pride that runs deep through its streets, its history, and the people who call it home. As the seat of Henry County, this small city punches well above its weight with a surprisingly rich cultural scene and an identity rooted in Hoosier heritage. Basketball is practically a religion here, and the Fieldhouse Museum, housed inside the largest high school gymnasium in the world, draws visitors from across the country to celebrate the sport that shaped this community.
Day-to-day life in New Castle moves at a comfortable pace, with a down-to-earth atmosphere that makes settling in feel straightforward. The downtown area anchors the city with local character, while surrounding neighborhoods offer a mix of tree-lined residential streets and newer developments on the outskirts. Indiana University East, just a short drive away in Richmond, adds an educational presence that connects the region to broader academic and economic networks.
The rental market reflects the city's approachable scale, with a solid mix of traditional single-family rentals, duplex-style units, and modest apartment communities spread throughout established neighborhoods. Whether you're drawn to a historic home near the city center or a more contemporary apartment community on the edge of town, New Castle offers options that fit a range of lifestyles and budgets.
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 July 2026, the average apartment rent in New Castle, IN is $608 for a studio, $854 for one bedroom, $980 for two bedrooms, and $914 for three bedrooms. Apartment rent in New Castle has increased by 1.4% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$854/month
564 Sq Ft
Learn More About New Castle
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
305 Students
Blue River Valley Elementary School
Public
Grades PK-5
331 Students
Public
Grades K-5
256 Students
James Whitcomb Riley Elementary School
Public
Grades PK-5
235 Students
Public
Grades PK-5
257 Students
Public
Grades 6-8
666 Students
Blue River Valley Jr-Sr High School
Public
Grades 6-12
289 Students
New Castle Area Vocational School
Public
Grades 6-12
Public
Grades 9-12
828 Students
Blue River Valley Jr-Sr High School
Public
Grades 6-12
289 Students
New Castle Area Vocational School
Public
Grades 6-12
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
Living 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 June 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.