New Castle, Virginia.
Typical home $215,955 (+5.7% in a year). Roanoke, VA metro.
to buy the typical home at today's mortgage rate — +$602 (+113%) since Jan 2020.
- 1 year
- Up $11,711 +6%
- $204,244$215,955 since Sep 2025
- 5 years
- Up $38,299 +22%
- $177,656$215,955 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- New Castle$1,133
- Virginia$2,164
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in New Castle, VA rose 5.7% over the past year — faster than the nation's +1.2%.
Living in New Castle, Craig County, Virginia
New Castle is a town of 125 people in Craig County. Unemployment in Craig County was 3.6% in August 2026, and the county had 0.5% more jobs in 2025 than the year before. The most people in Craig County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. New Castle is a very small town and the seat of Craig County, set in the mountains of western Virginia. Winters are cold, with January the coldest month and a modest amount of snow, while summers are warm without being extreme. Across Craig County, household incomes sit a little above the middle of what many American counties see, and homes here are valued below what is typical for the country as a whole.
Work. Across Craig County, jobs are slightly more plentiful than a year earlier, and unemployment has stayed low and steady. Residents work mostly in schools, hospitals and social care, with manufacturing, professional and business services, and restaurants and hotels also employing many. Among the largest workplaces across the county are Craig County Public Schools and Craig Botetourt Electric Cooperative.
Things to do. Close to town, a short drive away, are Spesard Knob, Johns Creek Mountain and Broad Run, all protected areas for walking and time outdoors. A longer drive brings you to the Appalachian Trail, the long-distance hiking trail that crosses these ridges, and to Mountain Lake, a mountain lake that is a favorite of visitors.
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What people in Craig County work in
Employed residents by industry, from the Census survey. Craig County had 764 jobs in 2025, 0.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 46° and lows near 25°; warmest in July, with highs near 86° and lows near 64°. About 11 inches of snow and 46 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Roanoke North weather station, 13 miles away (NOAA).
Largest workplaces in Craig County
- Craig County Public SchoolsSchool district107FTE
- Craig Botetourt Electric CooperativeDistribution of electric power26
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 1 workplace with 20 or more staff, 26 people in all across the county; New Castle has none of its own. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingVery high
- Strong windRelatively high
- Winter weatherRelatively high
- LightningRelatively high
- LandslidesRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in New Castle’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Craig County and the Roanoke, VA metro.
New Castle home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- New Castle$215,955
- Virginia$412,252
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- New Castle15
Zip codes with a New Castle address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls New Castle — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.