New Castle, VA
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the New Castle short-term rental market based on reliable data.
Listings
21 / 60
Reliable / Active
Cap Rate
12%
Middle-Earners Gross Yield
Revenue
$22,769
Middle-Earners Revenue
Occupancy
44%
Middle-Earners Occupancy
Home Value
$194,724
Median Home Sale Price
Top Earners
$48,052
Top-Earners Revenue
New Castle
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in New Castle.
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Generally Investor friendly
New Castle Regulations
STRs are allowed citywide (state/county rules apply) with no separate city license, low fees, and no stated caps, but investors must register, collect/remit 5% TOT on net receipts, and make monthly filings (or rely on intermediaries) while county pursues data returns—moderate process but manageable.
Local STR Agent
STR specialist · New Castle, VA
About New Castle
New Castle (historically spelled as one word; "Newcastle") is the only town in Craig County, Virginia, United States. The population was 125 at the 2020 census. It is the county seat of Craig County.The junctions of State Route 311 and State Route 42 and State Route 311 and State Route 615 are in New Castle. New Castle is part of the Roanoke Metropolitan Statistical Area.