Newcastle, ME
Full City Profile · Maine · Knox County County
4.0
/5.0
A
Great
621
Population
286/sq mi density
$76,389
Median Income
$42,691 per capita
$417,700
Home Value
$469,257 Zillow
$1,042
Median Rent
24.5% income on rent
47°F
Avg Temperature
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.5 / 5.0
$76,389 median income, 1.2% unemployment
B+
Affordability
3.6 / 5.0
$417,700 home value, $1,042/mo rent
B+
Education
4.0 / 5.0
37.0% bachelor's degree or higher
Housing Overview
Median Home Value
$417,700
48% above
US avg: $281,900
Median Rent
$1,042/mo
10% below
US avg: $1,163/mo
Homeownership Rate
74.8%
14% above US avg (65.4%)
Total Housing Units
353
Median year built: 1983
Home Value by Source
Census Median
$417,700
Zillow (ZHVI)
$469,257
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.8%
Owner-Occupied
25.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,108/mo
1 Bedroom
$1,186/mo
2 Bedroom
$1,497/mo
3 Bedroom
$1,951/mo
4 Bedroom
$2,190/mo
Census median rent:
$1,042/mo
Affordability & Housing Stock
Rent Burden
24.5%
of renters spending 30%+ of income on housing
21% below US avg (31.0%)
Median Year Built
1983
Average age of housing stock: 43 years
Homeownership Rate
74.8%
Complete Housing Data
Home Values
| Census Median Value | $417,700 |
| Zillow Home Value (ZHVI) | $469,257 |
Rent
| Census Median Rent | $1,042 |
| FMR Studio | $1,108 |
| FMR 1-Bedroom | $1,186 |
| FMR 2-Bedroom | $1,497 |
| FMR 3-Bedroom | $1,951 |
| FMR 4-Bedroom | $2,190 |
Market
Ownership & Stock
| Owner-Occupied | 74.8% |
| Renter-Occupied | 25.2% |
| Homeownership Rate | 74.8% |
| Total Housing Units | 353 |
| Median Year Built | 1983 |
| Rent Burden | 24.5% |