New Castle, IN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the New Castle short-term rental market based on reliable data.
Listings
23 / 37
Reliable / Active
Cap Rate
15%
Middle-Earners Gross Yield
Revenue
$23,837
Middle-Earners Revenue
Occupancy
59%
Middle-Earners Occupancy
Home Value
$161,476
Median Home Sale Price
Top Earners
$48,268
Top-Earners Revenue
New Castle
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in New Castle.
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Challenging to Investors
New Castle Regulations
No city- or county-specific STR ordinance is provided, forcing investors to rely on Indiana’s sales/innkeeper’s taxes and standard municipal processes while verifying zoning and any local registration; uncertainty about caps, fees, and enforcement raises risk.
Local STR Agent
STR specialist · New Castle, IN
About New Castle
New Castle is a city in Henry County, Indiana, 44 miles (71 km) east-northeast of Indianapolis, on the Big Blue River. The city is the county seat of Henry County. New Castle is home to New Castle Fieldhouse, the largest high school gymnasium in the world. The city is surrounded by agricultural land. In the past, it was a manufacturing center for the production of sheet iron and steel, automobiles, caskets, clothing, scales, bridges, pianos, furniture, handles, shovels, lathes, bricks, and flour. Starting in the early 20th century, it was known as the Rose City, at one point having 100 florists and numerous growers.According to the 2010 census, the population was 17,396. New Castle Correctional Facility, with a capacity of over 3,500 inmates, is located just north of the city.