Performance indicators for the New Castle short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in New Castle.
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Challenging to Investors
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
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.