HomeIndianaHenry CountyNew Castle
New Castle, Indiana: commercial real estate data.
New Castle is a Census city of 17,367 people across 7.32 square miles of land, in Henry County. Median household income is $51,606, 61.5 percent of occupied homes are owned, and the SBA record carries 33 7(a) approvals to borrowers here worth $12.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
New Castle
What New Castle is
- Census place typecity
- Land area7.32 sq mi
- Water area0.02 sq mi
- Population per square mile of land2,371
- County holding the largest share of its areaHenry 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
- Population17,367
- Median age41.2
- Population under 183,622
- Share under 1820.9 percent
- Population 65 and over2,942
- Share 65 and over16.9 percent
- Households7,188
- Family households4,207
- Share of households that are families58.5 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$51,606
- Per capita income$28,155
- Civilian labor force8,142
- Employed7,744
- Unemployed398 plus or minus 151
- Unemployment rate4.9 percent plus or minus 1.8
- Adults 25 and over12,208
- Adults 25 and over with a high school diploma or higher88.5 percent
- Adults 25 and over with a bachelor degree or higher13.3 percent
- Adults 25 and over with a graduate degree4.4 percent plus or minus 1.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Castle
Housing in New Castle
- Housing units8,417
- Occupied units7,188
- Vacant units1,229 plus or minus 252
- Vacancy rate14.6 percent plus or minus 2.9
- Owner occupied4,424
- Renter occupied2,764
- Ownership rate61.5 percent
- Median owner-occupied home value$98,000
- Median gross rent, monthly$781
- Annual rent as a share of median income18.2 percent
- Single family units6,297
- Share single family74.8 percent
- Units in buildings of two or more1,808
- Share in buildings of two or more21.5 percent
- Mobile homes312 plus or minus 125
- Median year structure built1956
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 commute6,916
- Commuting under 15 minutes3,749
- Share commuting under 15 minutes54.2 percent
- Commuting 30 minutes or more1,787
- Share commuting 30 minutes or more25.8 percent
- Drove alone75.4 percent
- Carpooled10.8 percent plus or minus 3.0
- Public transport0.6 percent plus or minus 0.5
- Walked2.8 percent plus or minus 1.6
- Worked from home8.8 percent plus or minus 2.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Castle
SBA loans in New Castle (7(a))
- Approvals33
- Gross approval$11,989,000
- Average approval$363,303
- Median approval$150,000
- Ninetieth percentile approval$715,240
- Largest approval$2,933,600
- Jobs supported384
- Jobs per approval11.6
- Loans with a final outcome4
- Paid in full2
- Charged off2
- Median term120 months
- Share on real estate terms of 20 years or more30.3 percent
- Share to franchises15.2 percent
- Distinct lenders14
- Distinct industries by NAICS21
Counted by borrower city: approvals to borrowers whose address is in New Castle, in any county, FY2020 to FY2026. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Castle
SBA loans in New Castle (504)
- Approvals2
- Gross approval$453,000
- Average approval$226,500
- Median approval$226,500
- Largest approval$289,000
- Jobs supported8
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in New Castle, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
New Castle
Flood risk in New Castle
- NFIP communityCity of New Castle
- NFIP community number180092
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date03/02/15
The City of New Castle participates in the National Flood Insurance Program as community 180092 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Henry County, not New Castle
Henry County context, not New Castle figures
- Establishments in Henry County833
- Covered employment, Henry County13,759
- Average annual pay, Henry County$48,142
- Housing units permitted, Henry County51
Every figure in this section is published for Henry County as a whole and is not a measurement of New Castle.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
New Castle questions, answered from the record.
How many people live in New Castle, Indiana?
17,367, in 7,188 households. New Castle city covers 7.32 square miles of land, which is 2,371 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?
Henry 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?
$51,606. The median owner-occupied home is valued at $98,000. Median gross rent is $781 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?
33 7(a) approvals totaling $12.0 m since FY2020, across 14 lenders, median approval $150,000, plus 2 504 approvals worth $453,000 since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is New Castle in the National Flood Insurance Program?
Yes. New Castle appears in the FEMA Community Status Book as New Castle, city of, community 180092, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page New Castle figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Henry 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?
No. Nothing on this page presents parcel level zoning.