New Castle, VA
Population 124 · Virginia
About New Castle, VA
New Castle is a small community located in Virginia with a population of 124 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 24.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in New Castle features a median home value of $283,300, which is 16% above the national median of $244,900. This positions New Castle in a moderately priced market relative to the rest of the country. Median monthly rent is $820, 29% below the national average of $1,163/month. Of the 50 total housing units, 48% are owner-occupied (22 units) and 52% are renter-occupied (24 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in New Castle shows an unemployment rate of 9.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.1%, above the national average of 12.4%. Workers in New Castle have an average one-way commute time of 34.1 minutes.
Education & Demographics
41.7% of New Castle residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in New Castle, VA
Compared to national averages, New Castle has a median household income of $0 (100% below the national median of $75,149). Home values average $283,300, which is 16% above the national median. Monthly rent at $820 is 29% below the US average of $1,163. Within Virginia, New Castle's income is 100% below the state average of $87,957, and home values are 13% below the state median of $327,514.
Why Live in New Castle, VA?
New Castle offers rent that’s lower than the national average at $820/month, and a well-educated community where 41.7% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($0) that falls below the national average. However, New Castle’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Castle has a population of 124 with a median age of 24.6 years. Compare New Castle with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near New Castle
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Snowville | 124 | $0 | $0 | Compare |
| Mendota | 125 | $0 | $146,300 | Compare |
| Eagle Rock | 122 | $0 | $109,400 | Compare |
| Abbs Valley | 129 | $0 | $269,100 | Compare |
| Pamplin City | 118 | $72,188 | $126,800 | Compare |
| Virgilina | 130 | $46,875 | $98,800 | Compare |
| The Plains | 114 | $94,375 | $412,500 | Compare |
| Sussex | 110 | $83,531 | $187,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Castle
What is the population of New Castle, VA?
The population of New Castle, VA is 124 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Virginia.
What is the median household income in New Castle?
The median household income in New Castle, VA is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in New Castle?
The median home value in New Castle, VA is $283,300, which is 16% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in New Castle?
The median monthly rent in New Castle, VA is $820, which is 29% below the national average of $1,163/month.
What is the unemployment rate in New Castle?
The unemployment rate in New Castle, VA is 9.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is New Castle, VA a good place to live?
New Castle offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 124 and a median age of 24.6, the city appeals to young professionals and families.
How educated is New Castle, VA?
41.7% of residents in New Castle aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in New Castle?
Key cost-of-living indicators for New Castle, VA: median home value is $283,300 (16% above national), median rent is $820/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in New Castle?
The poverty rate in New Castle, VA is 16.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is New Castle, VA?
New Castle's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.