New Castle, Craig County, VA

Median Home Price Price

$193,059 $193.1K

Median Monthly Rent Rent

$839 $839

19.0x

Market Snapshot

New Castle, Craig County, VA is a city market with a median home price of $193,059, a median monthly rent of $839, a GRM of 19.0x, and a price-to-rent ratio of 19.2.

Comparable Markets

Use related city markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

Within Craig

No same-county alternatives are available for this market yet.

More markets to explore

01 Perry, Noble County, OK
Top recommendation Outside state Lower GRM Lower price Higher rent Rent momentum
High confidence
Price $128.6K
Rent $962
GRM 11.0x
03 Viola, Richland County, WI
Outside state Lower GRM Higher rent Rent momentum
High confidence
Price $202.4K
Rent $1.2K
GRM 14.0x
Explore the data

No similar markets found for this scope.

Home prices

Monthly rent

GRM = home price / annual rent

No similar markets found for this scope.

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Perry, Noble County, OK
$129K $962 11.0x
Bethel, Pitt County, NC Explore deeper
$144K $853 14.0x
Viola, Richland County, WI
$202K $1.2K 14.0x

Home prices

Monthly rent

GRM = home price / annual rent

New Castle

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Benchmark comparison

Rent in New Castle, VA is 12.8% lower than Perry, OK.

Compare to Perry, OK
New Castle, VA
Perry, OK
Delta
Median rent
$839
$962
+$123
Median price
$193,059
$128,589
-$64,470
YoY change
+$60
+$77
+$17
Price-to-rent
19.2x
11.1x
-8.1x

Key takeaways

  • New Castle, Craig County, VA has a higher-grm screening profile: At 19.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $60 year over year.
  • Rent in New Castle, VA is 12.8% lower than Perry, OK.