New Castle, PA

Population: 22,748
Average annual home appreciation rate: 7.71%
Total of homes for sale in this market: 127
Median home price: $56,568
Median Rent: $431 per room
Home price range: 48.01% of homes are $49,001 – $98,000
Median sales price: NO DATA
Number of homes: 38
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 69.12% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 15.53%
Number of renters: 32.84%
Number of owner occupied: 67.16%
Number people living below poverty level: 23.38%
Unemployment rate: 5.90%
Is this area perfect for real estate deals going on right now? When one looks at the success of real estate investors overall, you will find that many of them have found their success when investing in properties in areas such as New Castle when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back.

Leave a Reply

Your email address will not be published. Required fields are marked *