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New Castle town, VA

ZIP 24127 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 24127

Median Home Value
$179,300
Median Rent
$553
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,152/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 24127 in New Castle town, VA, a household would need roughly $49,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,152. That sits below the local median household income ($59,115), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 26% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.7%+22% vs US avg
x
Vacancy Rate
25.6%+148% vs US avg
x
Broadband Access
86.0%-1% vs US avg
x
4+ Bedrooms
10.4%-30% vs US avg
x
Built Pre-1939
2.8%-79% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
33.7%-32% vs US avg
x
Mortgage-Free
47.3%+24% vs US avg
x
$179,300
Home Value
$553
Rent
1979
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.5%
  • 1-unit attached0.0%
  • 2-9 units0.2%
  • 10+ units0.2%
  • Mobile home & other17.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$179,300
Median rent$553
Owner-occupied79.7%
Vacant25.6%
Price-to-income3.0x
Est. income to buy$49,000