New Castle, VA

Key Performance Metrics

Market snapshot

Performance indicators for the New Castle short-term rental market based on reliable data.

Listings

30 / 62

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$21,671

Middle-Earners Revenue

Occupancy

46%

Middle-Earners Occupancy

Home Value

$196,547

Median Home Sale Price

Top Earners

$51,913

Top-Earners Revenue

New Castle

Market Revenue Seasonality

Top Listings

Highest revenue

The 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.

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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.