Newcastle, OK housing market
Typical home value
$292K
▲ 0.4% 1 yr
Typical rent
$1,544/mo
▲ 1.0% 1 yr
Gross rent yield
6.3%
U.S. 6.3%
5-year home value change
+17%
U.S. +20%
Key takeaways
- 1The typical home in Newcastle is worth $291,936, up 0.4% over the past year and up 17% over five years.
- 2Typical rent is $1,544 a month (+1.0% YoY), a gross rent yield of 6.3% (below the Oklahoma City, OK metro's 6.8%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,604/mo, $60 more than typical rent.
- 4Zillow forecasts the Oklahoma City, OK metro's home values to change +1.5% over the next 12 months.
Market temperature (Oklahoma City, OK metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 31/100, #425 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Newcastle compares
| Measure | Newcastle | Oklahoma City, OK metro | United States |
|---|---|---|---|
| Typical home value | $291,936 | $243,069 | $366,157 |
| Home value, 1-yr change | +0.4% | +1.0% | +1.2% |
| Typical rent | $1,544 | $1,384 | $1,932 |
| Rent, 1-yr change | +1.0% | +2.4% | +2.7% |
| Gross rent yield | 6.3% | 6.8% | 6.3% |
| Price-to-rent ratio | 15.8 | 14.6 | 15.8 |
| Mortgage P&I, typical home | $1,604 | $1,336 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Newcastle rental, pre-filled.
Rent vs buy in Newcastle
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $292K home.
Other cities in the Oklahoma City, OK metro
Oklahoma City, OK
$205K home$1,285 rent
▲ 0.3% 1 yr
Edmond, OK
$354K home$1,642 rent
▲ 0.7% 1 yr
Norman, OK
$260K home$1,407 rent
▲ 0.7% 1 yr
Yukon, OK
$273K home$1,564 rent
▲ 1.0% 1 yr
Moore, OK
$220K home$1,481 rent
▲ 0.1% 1 yr
Midwest City, OK
$168K home$1,245 rent
▲ 0.7% 1 yr
Mustang, OK
$278K home$1,682 rent
▲ 1.2% 1 yr
Del City, OK
$138K home$1,206 rent
▲ 0.2% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.