HomeColoradoGarfield CountyNew Castle town
New Castle town, Colorado: commercial real estate data.
New Castle town is a Census town of 4,880 people across 2.50 square miles of land, in Garfield County. Median household income is $80,084, 73.1 percent of occupied homes are owned, and the SBA record carries 14 7(a) approvals to borrowers here worth $9.1 m.
76 sourced place values · tier FULL · 8 sections
New Castle
What New Castle is
- Census place typetown
- Land area2.5 sq mi
- Water area0.09 sq mi
- Population per square mile of land1,955
- County holding the largest share of its areaGarfield County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Castle
How many people live in New Castle
- Population4,880
- Median age38.7
- Population under 181,289 plus or minus 337
- Share under 1826.4 percent plus or minus 6.9
- Population 65 and over775 plus or minus 211
- Share 65 and over15.9 percent plus or minus 4.3
- Households2,027
- Family households1,083
- Share of households that are families53.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Castle
Income and work in New Castle
- Median household income$80,084 plus or minus $16,383
- Per capita income$41,388
- Civilian labor force2,153
- Employed2,135
- Unemployed18 plus or minus 31
- Unemployment rate0.8 percent plus or minus 1.4
- Adults 25 and over3,236
- Adults 25 and over with a high school diploma or higher94.9 percent
- Adults 25 and over with a bachelor degree or higher32.1 percent plus or minus 7.5
- Adults 25 and over with a graduate degree10.8 percent plus or minus 5.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Castle
Housing in New Castle
- Housing units2,056
- Occupied units2,027
- Vacant units29 plus or minus 32
- Vacancy rate1.4 percent plus or minus 1.5
- Owner occupied1,481
- Renter occupied546 plus or minus 192
- Ownership rate73.1 percent
- Median owner-occupied home value$454,300
- Median gross rent, monthly$1,393 plus or minus $534
- Annual rent as a share of median income20.9 percent plus or minus 9.1
- Single family units1,548
- Share single family75.3 percent
- Units in buildings of two or more470 plus or minus 191
- Share in buildings of two or more22.9 percent plus or minus 8.9
- Mobile homes38 plus or minus 54
- Median year structure built2002
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Castle
How New Castle gets to work
- Workers 16 and over who commute1,817 plus or minus 385
- Commuting under 15 minutes302 plus or minus 177
- Share commuting under 15 minutes16.6 percent plus or minus 9.1
- Commuting 30 minutes or more496 plus or minus 205
- Share commuting 30 minutes or more27.3 percent plus or minus 9.7
- Drove alone74.3 percent
- Carpooled9.4 percent plus or minus 7.7
- Public transport1.4 percent plus or minus 1.9
- Walked0.0 percent
- Worked from home14.9 percent plus or minus 10.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Castle
SBA 7(a) lending to New Castle borrowers
- Approvals14
- Gross approval$9,125,300
- Average approval$651,807
- Median approval$500,000
- Ninetieth percentile approval$1,740,000
- Largest approval$2,490,000
- Jobs supported594
- Jobs per approval42.4
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders6
- Distinct industries by NAICS6
A charge-off rate is not published here. only 4 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Castle
SBA 504 lending to New Castle borrowers
- Approvals3
- Gross approval$477,000
- Average approval$159,000
- Median approval$147,000
- Largest approval$239,000
- Jobs supported10
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Garfield County, not New Castle
Garfield County context, not New Castle figures
These are Garfield County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New Castle measurements.
- Establishments in Garfield County2,705
- Employment at those establishments, Garfield County21,223
- Covered employment, Garfield County27,766
- Average annual pay, Garfield County$64,549
- Average weekly wage, Garfield County$1,241
- Housing units permitted, Garfield County174
- Of those, single family, Garfield County108
- County product, 2024, Garfield County$5,010,959,000
- County product change over the prior year, Garfield County2.8 percent
- Average income of an arriving household, Garfield County$111,315
Every figure in this section is published for Garfield County as a whole and is not a measurement of New Castle. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
New Castle questions, answered from the record.
How many people live in New Castle, Colorado?
4,880, in 2,027 households. New Castle town covers 2.50 square miles of land, which is 1,955 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Castle in?
Garfield County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in New Castle?
$80,084. The median owner-occupied home is valued at $454,300. Median gross rent is $1,393 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Castle businesses?
14 7(a) approvals totalling $9.1 m, across 6 lenders, median approval $500,000, plus 3 504 approvals worth $477,000. These count approvals to borrowers whose address is in New Castle, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Castle borrowers get paid back?
No rate is published for New Castle. only 4 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page New Castle figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Garfield County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of New Castle.
Is zoning published for New Castle?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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