Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 13,055, 4,455 total housing units (homes and apartments), and a median house value of $340,179, Newcastle real estate is some of the most expensive in Oklahoma, although Newcastle home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Newcastle, accounting for 88.56% of the city's housing units. Other types of housing that are prevalent in Newcastle include large apartment complexes or high rise apartments ( 3.84%), duplexes, homes converted to apartments or other small apartment buildings ( 3.39%), and a few mobile homes or trailers ( 3.24%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Newcastle. Owner-occupied housing accounts for 82.00% of Newcastle's homes, and 83.52% have either three or four bedrooms, which is average sized relative to America.
Newcastle homes and real estate are some of the newest in America. 50.96% of Newcastle's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Newcastle real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.88%), and between 1940-1969 ( 5.56%). There's also some housing in Newcastle built before 1939 ( 1.61%).
Newcastle's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Newcastle during the period has been just 5.68%, which is lower than 70% of US communities.
Over the last year, Newcastle appreciation rates have trailed the rest of the nation. In the last twelve months, Newcastle's appreciation rate has been 2.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newcastle were at 1.78%, which equates to an annual appreciation rate of 7.32%.
Relative to Oklahoma, our data show that Newcastle's latest annual appreciation rate is lower than 90% of the other cities and towns in Oklahoma.
$340,179
for Oklahoma
for nation
4,455
$1,275 / per month