The story of this market
The typical home in ZIP 16101 sells for about $100,000, or $72 per square foot.
Prices are up +85% from a year ago, so sellers still have some momentum. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,010 a month.
ZIP 16101 — New Castle
The housing market in 16101 remains affordable with a median sale price of $100,000, reflecting a stable but slow-growth environment. Demand is supported by local employment in healthcare and education, though inventory levels remain tight. Rental rates are consistent with HUD fair market rent guidelines for the region.
This ZIP is well-suited for budget-conscious buyers, investors seeking rental income, and long-term residents looking for affordable housing in a historic city setting.
Median prices moved up 85.0% year over year.
Homes spend a median of 65 days on market with 6.0 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 18.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 16101, Lawrence County PA
Public schools in the area are managed by the New Castle Area School District, which serves the city and surrounding areas.
The area is subject to standard regional flood and weather risks typical of Western Pennsylvania; specific property-level insurance posture is not determinable.
Economic momentum is driven by local manufacturing and service sectors, though large-scale infrastructure projects are limited.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Pennsylvania) — Homestead/Farmstead Exclusion: Formula: (Assessed Value - Exclusion Amount) × Tax Rate = Tax Owed. Exclusion amount varies by school district and county. State (Pennsylvania) — Property Tax Assessment: Tax = Assessed Value × Local Millage Rate (1 mill = $1 per $1,000 of assessed value).
The area is primarily car-dependent with access to regional routes like US-422 and US-224 connecting to nearby employment hubs.
Local amenities include various city parks, community centers, and proximity to the Shenango River for outdoor activities.
The rental market is characterized by a mix of single-family homes and apartments with moderate vacancy pressure and steady demand for affordable units.
The local economy is anchored by manufacturing, healthcare, and retail services within Lawrence County.
Transportation is primarily facilitated by regional highway corridors; public transit options are limited.
Development is focused on small-scale residential and commercial revitalization within the city limits.
Lawrence County utilizes a county-wide assessment system to determine property values for tax purposes.
Parcels are subject to municipal, county, and school district taxes; specific MUD/PID districts are not applicable.
Property insurance premiums are influenced by regional weather patterns and local fire protection ratings.
Pennsylvania is a judicial foreclosure state requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement covering known material defects.
Data retrieved from U.S. Census Bureau ACS 5-year estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Elevate Trampoline Park4.417.9 mi
- Extreme Air Boardman, Trampoline Park4.118.9 mi
- Olympic Fun Center4.419.1 mi
- Chuck E. Cheese4.218.8 mi
- Sports World Corporation4.118 mi
- Big Butler Fairgrounds4.313.9 mi
- Irons Mill Farmstead4.713.9 mi
- Cooper's Lake Event Venue and Campground4.87.8 mi
- Cranberry Highlands Golf Course4.519.1 mi
- North Country Brew Pub4.513.4 mi
- Moraine State Park4.710.3 mi
- McConnells Mill State Park4.86.5 mi
- Mines & Meadows, LLC4.68.4 mi
- Living Treasures "Wild" Animal Park4.73.9 mi
- Buttermilk Falls Natural Area4.411.8 mi
- Scottish Rite Cathedral4.63.4 mi
- Volant Mills4.59.2 mi
- Preston Park4.719.7 mi
- Historic McConnell's Mill Covered Bridge4.86.4 mi
- Air Heritage Aviation Museum4.815.1 mi
- Moraine State Park4.710.3 mi
- McConnells Mill State Park4.86.5 mi
- Living Treasures "Wild" Animal Park4.73.9 mi
- Bear Run Campground4.49.4 mi
- Buttermilk Falls Natural Area4.411.8 mi
- Olde Stonewall Golf Club4.610.4 mi
- Strawberry Ridge Golf Course4.312.2 mi
- Castle Hills Golf Course4.35.7 mi
- Fox Run Golf Course4.412.9 mi
- Connoquenessing Country Club4.610.3 mi
- Grove City Premium Outlets4.412.8 mi
- Apple Castle4.88.6 mi
- Gabe's4.26 mi
- McElwain Chevrolet4.78.5 mi
- Cascade Galleria Mall3.43.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Historic park area with walking trails and green space.
Central business district with local retail and dining options.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
1 county-record distress flag(s) across 1 researched property on the ARED base layer. Key-figure check: median price diverges 43.8% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.