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New Palestine

Learn about the people, housing, costs and businesses in New Palestine, Indiana

Median Home$329,660
Median Rent$1,167/month
Population2,903
Leading IndustriesArts, Food & Hospitality · Transportation · Healthcare13% arts, food & hospitality
Home Value Growth+9.7% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners84% of occupied units
NotableHigh Incomes$110k/year · top 12% nationally
NotableHighly Educated28% bachelor's · 13% graduate · top 12% nationally
New Palestine
IN

Frequently Asked Questions

What are today's mortgage rates in New Palestine?

As of today, the 30-year fixed mortgage rate for New Palestine is approximately 6.924% (6.961% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Palestine?

The median home value in New Palestine is $330k. The median monthly rent is $1,167. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Palestine?

Home values in New Palestine have increased 9.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Palestine?

Based on a typical all-in ownership cost of $1,300/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Palestine is $110k/year.

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What industries drive the economy in New Palestine?

The largest employment sectors in New Palestine are public administration (21%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.