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Real Estate Prices & Overview

New Castle Southeast median real estate price is $138,567, which is less expensive than 82.5% of Indiana neighborhoods and 90.2% of all U.S. neighborhoods.

The average rental price in New Castle Southeast is currently $1,159, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 81.7% of Indiana neighborhoods.

New Castle Southeast is a suburban neighborhood (based on population density) located in New Castle, Indiana.

New Castle Southeast real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the New Castle Southeast neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

New Castle Southeast has a 13.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 73.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in New Castle, the New Castle Southeast neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Astoundingly, the New Castle Southeast neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 98.2% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular New Castle neighborhood.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The New Castle Southeast neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the New Castle Southeast neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 64.0% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.3% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Occupations

NeighborhoodScout's exclusive research identifies the New Castle Southeast neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 41.8% of its working residents employed in such fields, which is a higher proportion than 95.4% of American neighborhoods.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the New Castle Southeast neighborhood in New Castle are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 78.6% of U.S. neighborhoods. With 16.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.5% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the New Castle Southeast neighborhood, 41.8% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 31.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (14.6%), and 12.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the New Castle Southeast neighborhood is English, spoken by 98.5% of households.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the New Castle Southeast neighborhood in New Castle, IN, residents most commonly identify their ethnicity or ancestry as German (15.6%). There are also a number of people of English ancestry (15.1%), and residents who report Irish roots (13.1%), and some of the residents are also of Mexican ancestry (5.7%), along with some Polish ancestry residents (2.0%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in New Castle Southeast neighborhood spend under 15 minutes commuting one-way to work (64.0% of working residents), one of the shortest commutes across America.

Here most residents (81.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (13.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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