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New Palestine, IN
Full City Profile · Indiana · Hancock County County
3.7
/5.0
B+
Good
3,027
Population
1,477/sq mi density
$93,170
Median Income
$50,156 per capita
$320,300
Home Value
$374,970 Zillow
$1,200
Median Rent
28.2% income on rent
52°F
Avg Temperature
293 sunny days/yr
316
Violent Crime/100K
3,732 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$93,170 median income, 2.7% unemployment
A+
Affordability
4.7 / 5.0
$320,300 home value, $1,200/mo rent
F
Safety
1.0 / 5.0
316 violent crimes/100K
A
Education
4.1 / 5.0
39.1% bachelor's degree or higher
Housing Overview
Median Home Value
$320,300
14% above
US avg: $281,900
Median Rent
$1,200/mo
3% above
US avg: $1,163/mo
Homeownership Rate
79.0%
21% above US avg (65.4%)
Total Housing Units
1,227
Median year built: 2000
Home Value by Source
Census Median
$320,300
Zillow (ZHVI)
$374,970
Median Sale Price
$494,950
Median List Price
$337,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
79.0%
Owner-Occupied
21.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$1,200/mo
Market Indicators (Redfin)
Median Days on Market
75 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
16.7%
of listings with price reduction
Price Per Sq Ft
$163
Active Inventory
12
homes for sale
Affordability & Housing Stock
Rent Burden
28.2%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
2000
Average age of housing stock: 26 years
Homeownership Rate
79.0%
Complete Housing Data
Home Values
| Census Median Value | $320,300 |
| Zillow Home Value (ZHVI) | $374,970 |
| Median Sale Price | $494,950 |
| Median List Price | $337,900 |
| Price Per Sq Ft | $163 |
Rent
| Census Median Rent | $1,200 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
| Days on Market | 75 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 16.7% |
| Homes Sold | 4 |
| Active Inventory | 12 |
| Price Per Sq Ft | $163 |
Ownership & Stock
| Owner-Occupied | 79.0% |
| Renter-Occupied | 21.0% |
| Homeownership Rate | 79.0% |
| Total Housing Units | 1,227 |
| Median Year Built | 2000 |
| Rent Burden | 28.2% |