47362 — New Castle, IN Home Values
Typical home value $173,469 as of June 2026 · 10th of 13 in New Castle, IN
Blue: typical home value (Zillow ZHVI) in ZIP code 47362, June 2021 to June 2026. This page shows observed data only; no forecast.
How 47362 compares in the New Castle, IN area
ZIP code 47362 (New Castle, IN) has a typical home value of $173,469 as of June 2026, ranking 10th of 13 ZIP codes tracked in the New Castle, IN area, more expensive than about 31% of ZIP codes in the metro. Prices here have moved +1.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +35.8%, from $127,751 in June 2021 to $173,469 in June 2026. Against observed rent, the typical home here sells for 20.4× the annual rent ($709/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the New Castle, IN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in New Castle.
Population and demographics
ZIP code 47362 has a population of 29,442, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 90.6% White, 3.8% Black or African American, 2.6% two or more races, 2.1% Hispanic or Latino, 0.6% Asian, and 0.3% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Wilbur Wright Elementary School | 1950 Washington St, New Castle, IN | 0.7 mi |
| Eastwood Elementary School | 806 S 22nd St, New Castle, IN | 0.9 mi |
| Parker Elementary School | 1819 Roosevelt, New Castle, IN | 1.2 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 47362?
$173,469 as of June 2026, the latest month Zillow has published observed data for.
Is 47362 an expensive ZIP code in the New Castle, IN area?
47362 ranks 10th of 13 ZIP codes in the New Castle, IN area by typical home value, more expensive than about 31% of ZIP codes in the metro.
How much have home values in 47362 changed over the past year?
+1.6% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 47362?
The typical home price is 20.4× the observed annual rent in this ZIP code ($709/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 47362?
29,442, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 47362?
Wilbur Wright Elementary School (0.7 mi), Eastwood Elementary School (0.9 mi), Parker Elementary School (1.2 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 47362?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the New Castle, IN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.