What is the rental vacancy rate in New Castle, IN?
The rental vacancy rate in New Castle, IN is 8.1% (±4.8 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.7% (±0.8 points).
1,229 (±252) homes, 14.6% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In New Castle, the rental vacancy rate went from 16.0% in 2015–2019 to 8.1% in 2020–2024 (−7.9 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 8.1% (±4.8 points)
- Homeowner vacancy rate
- 0.7% (±0.8 points)
- Vacant homes
- 1,229 (±252)
Vacancy in New Castle against Henry County, its state and the nation
| New Castle | Henry County | Indiana | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 8.1% (±4.8 points) | 7.3% (±3.5 points) | 5.6% (±0.3 points) | 5.5% |
| Homeowner vacancy rate | 0.7% (±0.8 points) | 1.0% (±0.6 points) | 0.8% (±0.1 points) | 0.9% |
| Vacant housing units | 1,229 (±252) | 2,354 (±317) | 260,559 (±6,417) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In New Castle, the rental vacancy rate is not measurably different from Henry County (7.3%).
It is not measurably different from Indiana (5.6%).
It is not measurably different from the national figure (5.5%).
Rental vacancy rate in places near New Castle
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| New Castle | — | 8.1% (±4.8 points) | — |
| Henry Township (Henry County) | 0.8 mi | 9.4% (±5.0 points) | Not measurably different |
| Liberty Township (Henry County) | 5.7 mi | 0.0% (±55.5 points) | Not measurably different |
| Greensboro | 5.7 mi | 0.0% (±100.0 points) | Not measurably different |
| Mount Summit | 5.9 mi | 0.0% (±49.2 points) | Not measurably different |
| Spiceland | 6.1 mi | 0.0% (±29.8 points) | Not measurably different |
| Prairie Township (Henry County) | 6.4 mi | 5.7% (±8.6 points) | Not measurably different |
| Sulphur Springs | 6.5 mi | 0.0% (±67.9 points) | Not measurably different |
| Cadiz | 6.6 mi | 0.0% (±100.0 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Henry County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 1 | Springport | 40.0% (±48.2 points) |
| 2 | Knightstown | 12.4% (±11.4 points) |
| 3 | Wayne Township (Henry County) | 9.5% (±9.1 points) |
| 4 | Henry Township (Henry County) | 9.4% (±5.0 points) |
| 5 | New Castle | 8.1% (±4.8 points) |
| 6 | Lewisville | 6.5% (±10.2 points) |
| 7 | Prairie Township (Henry County) | 5.7% (±8.6 points) |
| 8 | Franklin Township (Henry County) | 2.9% (±5.3 points) |
| 9 (tie) | Blountsville | 0.0% (±96.0 points) |
| 9 (tie) | Cadiz | 0.0% (±100.0 points) |
| 9 (tie) | Dunreith | 0.0% (±61.3 points) |
Showing 11 of 28 places in Henry County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about New Castle
Is it hard to find a rental in New Castle?
The rental vacancy rate in New Castle, IN is 8.1% (±4.8 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in New Castle tighter than it was?
In New Castle, the rental vacancy rate went from 16.0% in 2015–2019 to 8.1% in 2020–2024 (−7.9 percentage points), a measurable decrease.
How many homes are vacant in New Castle?
An estimated 1,229 (±252) housing units, 14.6% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Castle city, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — New Castle city, Indiana
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for New Castle city, Indiana (place:52740, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Population growth in New Castle
- How long people stay in New Castle
- Crowding and facilities in New Castle
- Indiana landlord and tenant rules
- Housing across Henry County
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- Housing data for every place in Indiana