New Castle, IN home prices
Typical home $190,223 · +2.6% in a year · income needed $52,900
The New Castle, IN metro area ranks 678 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.6% in a year and +34.1% over five years. With 20% down at 7.11%, the typical home costs about $1,234 a month including 0.73% property tax (Henry County rate).
Mortgage on the typical New Castle home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $38,045 | $152,178 | $1,024 | $0 | $211 | $1,234 | $52,900 |
| 10% down | $19,022 | $171,201 | $1,152 | $71 | $211 | $1,434 | $61,400 |
| 5% down | $9,511 | $180,712 | $1,216 | $75 | $211 | $1,501 | $64,300 |
| 3.5% down (FHA) | $6,658 | $186,777 | $1,256 | $84 | $211 | $1,551 | $66,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.73% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the New Castle area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Henry County, IN | $190,219 | +2.6% | 0.73% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in New Castle?
The typical home in the New Castle, IN metro area is worth $190,223 (Zillow, September 2026).
What salary do you need to buy a house in New Castle?
About $52,900 a year for the typical home with 20% down at 7.11%.