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New Paris

Learn about the people, housing, costs and businesses in New Paris, Ohio

Median Home$136,900
Median Rent$766/month
Population1,487
Leading IndustriesPublic Administration · Retail · Manufacturing29% public administration
Home Value Growth⬆⬆⬆+25.8% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners78% of occupied units
NotableTransit84/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
New Paris
OH

Frequently Asked Questions

What are today's mortgage rates in New Paris?

As of today, the 30-year fixed mortgage rate for New Paris is approximately 7.161% (7.208% 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 Paris?

The median home value in New Paris is $137k. The median monthly rent is $766. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Paris?

Home values in New Paris have increased 25.8% over the past two years. This indicates a strong appreciation trend. 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 Paris?

Based on a typical all-in ownership cost of $773/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Paris is $64k/year.

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What industries drive the economy in New Paris?

The largest employment sectors in New Paris are public administration (29%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.