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Home values, rents and more in ZIP code 47362 (New Castle, IN)

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$168,000
Metro: $190,000 · U.S.: $366,000
Home values, past year
+2.3%
Metro: +2.6% · U.S.: +1.2%
Typical rent
$854/mo
Metro: $833 · U.S.: $1,932
Population
29,337
ACS 2020–24
Median household income
$60,258
Metro: $63,150 · U.S.: $80,734
ZIP codes around 47362, shaded by typical home value4736247302473274733047356461484734646115473584735747360473524738447393
  • Under $170k
  • $170k–$200k
  • $200k–$230k
  • $230k–$250k
  • $250k+
  • No data
ZIP codes around 47362, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. 47362 is outlined.

How 47362 compares

The typical home in ZIP code 47362 (New Castle, IN) is worth about $168,000, according to the Zillow Home Value Index for September 2026. Home values in 47362 are 11% below the typical value in the New Castle metro area ($190,000) and 54% below the U.S. typical value ($366,000).

Over the past year, home values in 47362 rose 2.3%, compared with +2.6% in the New Castle metro area and +1.2% nationally.

Typical rent is $854 a month (Zillow Observed Rent Index), about the same as the New Castle metro area ($833) and 56% below the U.S. ($1,932).

The median household income is $60,258, against $63,150 in the New Castle metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 29,337 people live in 47362 (American Community Survey 2020–24).

47362 has the 4th-lowest typical home value of the 12 ZIP codes in the New Castle metro area and the 105th-lowest of 697 in Indiana with Zillow figures.

Part of: New Castle, IN · Henry County, IN · New Castle metro area · Indiana

More for 47362 in ProMap Plus

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Zillow 12-month price forecast
  • Crime rates
  • School test scores
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby ZIP codes

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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