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New Castle County, DE

RANK #439 / 996  ·  POP 570,567  ·  DE

PROJECTED GROWTH: +0.9%

New Castle County sits in the middle of the pack — stable but not accelerating.

[01] Why New Castle County?

The historic town of New Castle, with its cobblestone streets and colonial architecture, offers a glimpse into Delaware's past, having served as the colonial capital. Located in northern Delaware, New Castle County sits about an hour's drive from both Philadelphia and Baltimore, making it a commuter-friendly area. The county features a varied landscape, from the rolling hills of the Brandywine Valley in the north to active farms and marshland in the south. This blend of historical charm and natural scenery contributes to a community feel that balances suburban tranquility with access to urban amenities.

Life in New Castle County attracts a mix of families, professionals, and those seeking a quieter lifestyle with access to larger cities. The public schools in New Castle County are highly rated, with options including the Appoquinimink School District and Newark Charter School. Commute options include direct access to I-95, Amtrak service, and local DART bus routes. The economy is diverse, with a focus on innovation, entrepreneurship, and established industries such as life sciences and financial services. Recent economic developments include new housing and retail projects, particularly in Wilmington and Middletown, and significant investment in data centers.

[02] Market Snapshot

Housing Ratio
3.0x

Undervalued relative to economy

GDP Growth
+3.0%

Above national median

Home Prices
+3.1%

Outpacing national median

Climate & Terrain
0.0

Moderate climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks undervalued at 3.0x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

New Castle County U.S. National

The Numbers

DEMOGRAPHICS
Population
570,567
+0.49% YoY
Median Household Income
$85,309
Median Home Value
$312,000
+3.08% 12mo
Median Rent
$1,327
Average Annual Pay
$80,334
+4.1% YoY
Employment
303,806
+1.2% YoY
Income-to-Home-Value
0.2734
More affordable than average
Migration Inflow
0.75%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$361,500
Days on Market
42
Moderate pace
Months of Supply
3.0
Balanced market
Sale-to-List Ratio
98.5%
Near asking price
Sold Above List
27.7%
Listings w/ Price Drops
21.1%
Building Permits (2024)
1,586
Single-Family Permits
1,364

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$9,890M
TOTAL
PROJECT AMOUNT STATUS
Project Washington Data Center Campus
Starwood Digital Ventures LLC
$9,700M Proposed
Amazon Fulfillment Center (ILG1)
Amazon
$50M Operating
Fulex 3PL New Castle Fulfillment Center
Fulex 3PL
$50M Operating
Southern New Castle County Master Plan (Infrastructure & Development)
New Castle County, WILMAPCO, DelDOT
$50M Planned
UPS High-Speed Package Sortation Center
UPS
$40M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.0% 56 percentile
Population Growth +0.5% 52 percentile
Income Growth +8.8% 57 percentile
Vacancy Rate 1.1% 48 percentile
Home Price Change +3.1% 72 percentile
Rent Growth +4.1% 69 percentile
Price/Rent 14x 44 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is New Castle County, DE a good place to move to?

New Castle County has a Boom Town Index score of 56/100, ranking #439 among 996 U.S. counties. With job growth at +1.2% and a median household income of $85,309, it's an above-average county on economic indicators.

Is New Castle County affordable?

The median home value in New Castle County is $312,000 with median rent at $1,327/month. The income-to-home-value ratio is 0.2734, which is more affordable than the national average.

Is New Castle County growing or shrinking?

Population growth: +0.5% year-over-year. Job growth: +1.2%. Home values changed +3.1% in the past 12 months.

[08] Similar Metros

Fayette County, KY 66 Plymouth County, MA 66 Wright County, MN 66 Washington County, NY 66 Floyd County, IN 66 Kalamazoo County, MI 66 Warren County, OH 66 Nacogdoches County, TX 66