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    New Castle, IN
    Agricultural

    New Castle, IN Agricultural Land / Farmland for Sale

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    Agricultural Land with Barn
    Updated: Sep 3
    Agricultural Land with Barn

    E State Road 38, New Castle, IN 47362

    $449,900
    40.32 AC lot
    40.32 acres of agricultural land
    Existing old barn on the property
    Currently planted in crops, with harvest expected in the fall
    Road access from both 31st Street and E. State Rd. 38
    Located on the east side of New Castle in Henry County, Indiana
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    Land Tract with Pond
    Updated: Nov 14, 2025
    Land Tract with Pond

    S St Rd 103, New Castle, IN 47362

    $529,900
    31.03 AC lot
    31.03‑acre land tract on S St Rd 103 in New Castle, IN 47362
    Approximately 27 of 31 acres identified as tillable
    2‑acre pond on the property
    Near town and major thoroughfares
    Residential or commercial construction described as a potential use
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    Land
    Land

    1185 N Mill St, New Castle, IN 47362

    $154,900
    467,399 sqft

    Agricultural land / Farmland · 467,399 SF

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in New Castle, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Pastureland With Tillable Ground
    Pastureland With Tillable Ground

    7 South County Road 100 East, Lewisville, IN 47352

    $321,800
    1,376,496 sqft

    Open rural acreage combines pasture with tillable ground near several regional transportation routes.

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    Open Pasture Farmland
    Open Pasture Farmland

    17 A*** S County Road 100 E, Lewisville, IN 47352

    $237,350

    Open, fenced pastureland with drainage tile and access near SR 3, Highway 40, and I-70.

    View details
    Land
    Land

    0000 S Spiceland Rd, Spiceland, IN 47385

    $145,000

    Agricultural land / Farmland

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    LOTS AND LAND, Spiceland, IN
    LOTS AND LAND, Spiceland, IN

    Spiceland Pike, Spiceland, IN 47385

    $145,000
    9.70 AC lot

    Agricultural land / Farmland · 9.70 Acres

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    New Castle, IN Agricultural Land / Farmland Market Trends and Statistics

    Explore 3 agricultural land / farmland for sale in New Castle, IN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 3,575,405 square feet of properties for sale, with an estimated market value of $1,134,700.

    Sale prices for farmlands in New Castle, IN start at $154,900, averaging $378,233, and reaching up to $529,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 29K
    Population Growth (5Y) -1.9%
    Median Household Income $56,564
    College Educated 20.0%

    High-Yield Neighborhoods for Investment

    Identify New Castle submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47362 $347.4K

    Taxes & Financing

    Tax Rate (average for all types) 2.25%
    Property Tax per SF $49.50 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

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