Newcastle, Oklahoma.
Typical home $291,936 (+0.4% in a year), asking rent $1,544 (+1.1%). Oklahoma City, OK metro.
to buy the typical home at today's mortgage rate — +$760 (+98%) since Jan 2020.
- 1 year
- Up $1,098 +0%
- $290,838$291,936 since Sep 2025
- 5 years
- Up $42,163 +17%
- $249,774$291,936 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.
- Newcastle$1,532
- Oklahoma$1,159
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 22 years.
Typical home values in Newcastle, OK rose 0.4% over the past year — slower than the nation's +1.2%.
Asking rents in Newcastle, OK rose 1.1% over the past year — slower than the nation's +2.7%.
Owning the typical home in Newcastle runs $493/mo more than renting one. The gap peaked at $637 in Nov 2023.
That is $2,037 a month against $1,544 rent: a $1,532 mortgage payment, plus $192 property tax and $313 insurance & upkeep.
Owning vs renting — Newcastle
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,037
- Renting$1,544
- Mortgage only$1,532
Property tax · $192/mo 0.79% of value a year — the ACS 2020-2024 median bill over the median home value for McClain County, OK
Insurance & upkeep · $313/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Newcastle, McClain County, Oklahoma
Newcastle is a city of 10,984 people in McClain County. Half its households earn more than $93,398 a year and half less, against $84,552 across McClain County; 4% of its people live below the poverty line. 84% of its homes are lived in by their owners and 16% are rented. Unemployment in McClain County was 3.5% in August 2026, and the county had 1.2% more jobs in 2025 than the year before. The most residents work in schools and health care, then construction.
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. Newcastle is a city in McClain County where most households own the home they live in, far more than renters. Incomes run above the county's, and fewer residents live below the poverty line than you might expect. A good number of adults hold a four-year degree, and the population is of middle age, with a mix of families and longer-settled households. Winters are cool and summers are hot: January is the coldest month, with chilly days and freezing nights, and August is the warmest, with very hot days.
Work. Many residents work in schools, hospitals and social care, in the building trades, in professional and business services, and in government. Among the largest workplaces in Newcastle are Thru Tubing Solutions, which services oil and gas wells on a contract basis, Cudd Pressure Control, which provides oil and gas field services, and Newcastle Schools. The commute is a fairly long one, and some residents work from home. Unemployment across McClain County is low and has risen only slightly over the past year, while the county has added a few more jobs.
Things to do. For a game day, Gaylord Family Oklahoma Memorial Stadium is a short drive away. Museums are also close by: the Sam Noble Museum, and the Fred Jones Jr. Museum of Art. For a longer outing, the Oklahoma City Zoo and Botanical Garden is a longer drive away.
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- 4,868households
- 35%of adults have a degree
- 4%below the poverty line
- 28 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. McClain County had 12,590 jobs in 2025, 1.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 50° and lows near 28°; warmest in August, with highs near 93° and lows near 71°.
Average daily high and low, 1991–2020, at the Norman 2NW Mesonet weather station, 7 miles away (NOAA).
Largest workplaces in Newcastle
- Thru Tubing SolutionsServicing oil and gas wells on a contract basis712
- Cudd Pressure ControlOil and gas field services on a contract basis554
- Newcastle SchoolsSchool district328FTE
- OG&E-McClain Power Plant33
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 1,299 people in all. 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
- TornadoesVery high
- Ice stormsRelatively high
- HailRelatively high
- Heat wavesRelatively high
- Cold wavesRelatively high
- Winter weatherRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Newcastle’s census tracts, against the rest of the country; all of them together, relatively moderate. 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 McClain County and the Oklahoma City, OK metro.
Newcastle home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Newcastle$291,936
- Oklahoma$220,801
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Newcastle listings, and the typical home goes pending in 31 days — the market is heating up.
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
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Newcastle24.13%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Newcastle132
New listings per month
Sellers arriving at the market.
- Newcastle32
Median sale price
What buyers actually paid — closed sales, not asking prices.
Not enough data to draw this yet.
Zip codes with a Newcastle address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Newcastle — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.