In Newcastle 16% of the housing is rented out compared to 84% of homes are owned, according to the most recent Census Bureau estimates. none of Newcastle's apartments are found in large buildings of 50 units or more, 40% are located in smaller apartment complexes with less than 50 units, and 54% are single-family rentals.
The average age of rental buildings in Newcastle is 16 years old, with all being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 2 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
Rental apartments in Newcastle come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 53% of the total apartments in the city, while 2-bedroom floorplans represent around 37% of all rentals in Newcastle. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Newcastle, Oklahoma, is strategically located just 16 miles from Oklahoma City, making it a convenient suburb for those seeking proximity to a larger urban area while enjoying the benefits of a smaller community setting. The city is part of the Tri-City area, along with nearby Norman and Moore, providing easy access to the University of Oklahoma and numerous employment opportunities in healthcare, education, and retail.
The local economy in Newcastle benefits significantly from sectors such as retail, healthcare, and education, attracting renters who are professionals or families looking for stable employment opportunities. The city boasts several parks and recreational areas, including Veterans Park and Newcastle Sports Complex, offering sports fields, walking trails, and picnic areas.
Newcastle has a growing arts scene with local galleries and artists' collectives, and the town's historical features, such as the Newcastle Public School 1902 Building, add to its unique charm. The city's diverse neighborhoods range from historic areas with well-established homes to newer developments that cater to a growing population.
Dining options in Newcastle reflect a mix of local and national flavors, with a good selection of American, Mexican, and barbeque restaurants. For educational pursuits, Newcastle Public Schools provide quality education and are complemented by nearby higher education institutions in Oklahoma City and Norman.
Renting in Newcastle offers a variety of options, from single-family homes to modern apartments. The architectural styles in Newcastle vary, with a mix of traditional brick homes, modern developments, and country-style residences, particularly noticeable in the newer neighborhoods like Wyndemere and Pulchella.
The neighborhoods are typically quiet and family-friendly, with many situated close to local schools and community parks. Renters can find properties that cater to different needs, whether they are young professionals looking for apartments near the city center or families seeking spacious homes with yards. The rental market is generally affordable, providing good value for those commuting to Oklahoma City or working locally in Newcastle.
Newcastle offers a modest yet adequate shopping experience with several local and national retailers. The Newcastle Marketplace is the main shopping center, housing grocery stores like Walmart and a variety of other retail shops and dining options.
For a more unique shopping experience, residents can visit the nearby cities of Norman or Oklahoma City, where there are larger malls and specialized shopping districts. Local crafts and goods can also be found at various community events and markets that take place throughout the year, offering everything from handmade jewelry to custom furniture.
Public transportation options in Newcastle are limited, primarily catering to those with personal vehicles. However, the close proximity to major cities like Norman and Oklahoma City means that residents can access a broader range of transportation services, including buses and rideshare options, with relative ease.
For those commuting to nearby cities, major highways such as the Interstate 44 and State Highway 62 connect Newcastle with Oklahoma City and Norman. Regarding air travel, the Will Rogers World Airport in Oklahoma City is the nearest airport, providing regional and international flights and is approximately 20 minutes away by car.
Newcastle's convenient location and community-focused amenities make it an appealing choice for renters looking for a blend of suburban charm and city access.
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