The typical owner-occupied home in Newcastle is worth about $280,400, 43% below the Utah median of $489,400 and 16% below the national median of $332,700. Owners pay a median $1,364 a year in property taxes, about 0.49% of their home's value, lower than the Utah rate of 0.52%. The median household earns $86,739 a year, so the median home costs 3.2 times the median income (5.1 times for Utah). 100% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Newcastle at a glance
| Newcastle | Utah | U.S. | |
|---|---|---|---|
| Median home value | $280,400 | $489,400 | $332,700 |
| Median property tax paid per year | $1,364 | $2,525 | $3,119 |
| Property tax as a share of value | 0.49% | 0.52% | 0.94% |
| Median household income | $86,739 | $95,166 | $80,734 |
| Homes lived in by their owners | 100% | 70% | 65% |
| Owner homes with a mortgage | 59% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $1,532 | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 21.0% | 20.5% | 21.0% |
| Median rent | – | $1,496 | $1,413 |
| Median year homes were built | 1979 | 1992 | 1980 |
| Vacant homes | 0.0% | 8.1% | 10.1% |
| Population | 367 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Newcastle
At this week's average 30-year rate of 7.11%, buying the median Newcastle home of $280,400 with 20% down costs about $1,740 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,207, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $74,586 for the 20%-down payment. That payment is 24% of the median Newcastle household income of $86,739; at that income and 20% down, the 28% guideline points to a home of about $326,000.
| Down payment | $56,080 |
|---|---|
| Loan amount | $224,320 |
| Principal and interest | $1,509 |
| Property taxes (0.49% a year) | $114 |
| Homeowners insurance (our estimate, 0.5% a year) | $117 |
| PMI | $0 |
| Total per month | $1,740 |
Change the numbers in the calculator
| Down payment | $9,814 |
|---|---|
| Loan amount | $275,321 |
| Principal and interest | $1,852 |
| Property taxes (0.49% a year) | $114 |
| Homeowners insurance (our estimate, 0.5% a year) | $117 |
| FHA mortgage insurance | $124 |
| Total per month | $2,207 |
Change the numbers in the calculator
Questions about home buying in Newcastle
What is the median home value in Newcastle?
About $280,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Newcastle?
Homeowners pay a median $1,364 a year, which is about 0.49% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Newcastle?
For the median home with 20% down at 7.11%, the payment is about $1,740 a month. Keeping that under 28% of gross income takes about $74,586 a year.
More about Newcastle
- Mortgage Refinance in Newcastle
- Debt Relief in Newcastle
- Home Equity Loans in Newcastle
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data