HomeIndianaHenry CountyNew Castle city
New Castle city, Indiana: commercial real estate data.
New Castle city 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.
76 sourced place values · tier FULL · 8 sections
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 7(a) lending to New Castle borrowers
- Approvals33
- Gross approval$11,989,000
- Average approval$363,303
- Median approval$150,000
- Ninetieth percentile approval$719,800
- 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
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
- Approvals2
- Gross approval$453,000
- Average approval$226,500
- Median approval$289,000
- Largest approval$289,000
- Jobs supported8
- 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.
Henry County, not New Castle
Henry County context, not New Castle figures
These are Henry 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 Henry County833
- Employment at those establishments, Henry County10,929
- Covered employment, Henry County13,759
- Average annual pay, Henry County$48,142
- Average weekly wage, Henry County$926
- Housing units permitted, Henry County51
- Of those, single family, Henry County43
- County product, 2024, Henry County$2,018,421,000
- County product change over the prior year, Henry County3.0 percent
- Average income of an arriving household, Henry County$45,344
Every figure in this section is published for Henry 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, 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 totalling $12.0 m, across 14 lenders, median approval $150,000, plus 2 504 approvals worth $453,000. 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 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.