HomeVirginiaCraig CountyNew Castle
New Castle, Virginia: commercial real estate data.
New Castle is a Census town of 138 people across 0.16 square miles of land, in Craig County. Median household income is $77,083, 59.2 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $2.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
This is a small place, and the figures below carry wide margins.
The American Community Survey reaches New Castle through a sample, not a count, and in a place this size that sample is thin. The population estimate here is 138 with a margin of error of plus or minus 87, which is 63.0 percent of the estimate itself. Every figure whose margin reaches 20 percent is printed with that margin beside it, so you can see the width of each one rather than having to assume it.
Nothing has been removed or adjusted. These are the published federal estimates, shown with the uncertainty the Census publishes alongside them.
New Castle
What New Castle is
- Census place typetown
- Land area0.16 sq mi
- Water area0 sq mi
- Population per square mile of land837 plus or minus 528
- County holding the largest share of its areaCraig 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
- Population138 plus or minus 87
- Median age29.3 plus or minus 12.0
- Population under 1825 plus or minus 22
- Share under 1818.1 percent plus or minus 11.6
- Population 65 and over13 plus or minus 16
- Share 65 and over9.4 percent plus or minus 10.0
- Households49 plus or minus 26
- Family households28 plus or minus 20
- Share of households that are families57.1 percent plus or minus 27.3
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$77,083 plus or minus $45,661
- Per capita income$35,584 plus or minus $12,202
- Civilian labor force79 plus or minus 52
- Employed75 plus or minus 51
- Unemployed4 plus or minus 7
- Unemployment rate5.1 percent plus or minus 8.2
- Adults 25 and over93 plus or minus 55
- Adults 25 and over with a high school diploma or higher87.1 percent plus or minus 69.7
- Adults 25 and over with a bachelor degree or higher32.3 percent plus or minus 20.8
- Adults 25 and over with a graduate degree4.3 percent plus or minus 15.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Castle
Housing in New Castle
- Housing units54 plus or minus 26
- Occupied units49 plus or minus 26
- Vacant units5 plus or minus 7
- Vacancy rate9.3 percent plus or minus 12.2
- Owner occupied29 plus or minus 20
- Renter occupied20 plus or minus 14
- Ownership rate59.2 percent plus or minus 26.1
- Median owner-occupied home value$256,300 plus or minus $155,429
- Median gross rent, monthly$833 plus or minus $303
- Annual rent as a share of median income13.0 percent plus or minus 9.0
- Single family units44 plus or minus 27
- Share single family81.5 percent plus or minus 31.9
- Units in buildings of two or more5 plus or minus 16
- Share in buildings of two or more9.3 percent plus or minus 29.2
- Mobile homes5 plus or minus 6
- Median year structure built1958
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 commute68 plus or minus 48
- Commuting under 15 minutes27 plus or minus 30
- Share commuting under 15 minutes39.7 percent plus or minus 33.5
- Commuting 30 minutes or more41 plus or minus 29
- Share commuting 30 minutes or more60.3 percent
- Drove alone65.8 percent plus or minus 41.1
- Carpooled27.4 percent plus or minus 17.6
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home6.8 percent plus or minus 12.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Castle
SBA loans in New Castle (7(a))
- Approvals3
- Gross approval$2,390,500
- Average approval$796,833
- Median approval$773,500
- Largest approval$1,317,000
- Jobs supported27
- Jobs per approval9.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in New Castle, in any county, FY2020 to FY2026. Only 0 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
Flood risk in New Castle
- NFIP communityCity of New Castle
- NFIP community number510340
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date04/02/09
The City of New Castle participates in the National Flood Insurance Program as community 510340 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.
Craig County, not New Castle
Craig County context, not New Castle figures
- Establishments in Craig County64
- Covered employment, Craig County760
- Average annual pay, Craig County$52,718
- Housing units permitted, Craig County29
Every figure in this section is published for Craig 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, Virginia?
138, in 49 households. New Castle town covers 0.16 square miles of land, which is 837 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?
Craig 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?
$77,083. The median owner-occupied home is valued at $256,300. Median gross rent is $833 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?
3 7(a) approvals totaling $2.4 m since FY2020, across 3 lenders, median approval $773,500. 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 0 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 510340, 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 Craig 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.