Home Insurance in New Castle, Delaware
Homes in New Castle carry a median value of $285,100 - 19% lower than the New Castle County median.
The typical home in New Castle was built around 1959. About 51% of homes were built before 1960, about 21 points above New Castle County's 30%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in New Castle breaks down to 67% single-family homes and 26% apartments in buildings with 5+ units.
About 60% of owner-occupied homes in New Castle have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
New Castle has an owner-occupancy rate of 63% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
76% of homes in New Castle are primarily heated with natural gas.
New Castle County had 2,537 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is winter weather (Very High). See the full New Castle County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Delaware is $1,196 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $285,100 |
|---|---|
| Median year built | 1959 |
| Owner-occupied share | 63% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in New Castle County | 2,537 |
| Home insurance premium | $1,196 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)