Market Overview
Home Prices in Newcastle, OK
The median home value in Newcastle, OK is $293,440 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.2% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Newcastle are priced28% below average. Newcastle is part of the Oklahoma City, OK metro area.
Over the past five years, Newcastle home values have risen by approximately20.0%, reflecting steady appreciation in this market.
Price History
Newcastle Home Price Trend
City Comparison
Newcastle vs. National Median
At $293,440, homes in Newcastle cost 28% below the national median of $410,000. This makes Newcastle a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Newcastle?
20% Down Payment
$58,688
on $293,440
Monthly P&I
$1,530/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,943/mo
incl. taxes & insurance
Income Needed
$77,720
gross annual (30% rule)
10% Down Option
$29,344
+ PMI applies
Loan Amount (20% dn)
$234,752
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Newcastle, OK?
The median home value in Newcastle is $293,440 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.2% year-over-year.
How much have home prices changed in Newcastle?
Over the past year, home values in Newcastle have decreased by 1.2%. Over five years, prices have risen approximately 20.0%.
How much do I need to earn to buy a home in Newcastle?
To comfortably afford the median home price of $293,440 with a 20% down payment ($58,688) at today's rates (6.8%), you'd need a gross annual income of approximately $77,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Newcastle compare to the national average home price?
The national median home value is approximately $410,000. At $293,440, homes in Newcastle are 28% below the national average.
What metro area is Newcastle part of?
Newcastle is part of the Oklahoma City, OK metropolitan area. Home prices and market conditions can vary across the broader metro region.