How much do homeowners pay a month in New Palestine, IN?
Homeowners with a mortgage in New Palestine, IN pay a median of $1,872 (±$191) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $591 (±$192).
79.2% of owned homes carry a mortgage.
In New Palestine, the median monthly cost with a mortgage went from $1,389 in 2015–2019 to $1,872 in 2020–2024 (+34.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,872 (±$191)
- Without a mortgage
- $591 (±$192)
- Owned with a mortgage
- 79.2%
Monthly owner costs in New Palestine
| New Palestine | Hancock County | Indiana | United States | |
|---|---|---|---|---|
| With a mortgage | $1,872 (±$191) | $1,538 (±$39) | $1,404 (±$5) | $1,963 |
| Without a mortgage | $591 (±$192) | $562 (±$29) | $517 (±$3) | $638 |
| Owned homes with a mortgage | 79.2% (±7.6 points) | 70.5% (±2.1 points) | 63.6% (±0.3 points) | 60.6% |
| Median real estate taxes (a year) | $2,612 (±$492) | $1,806 (±$71) | $1,614 (±$9) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In New Palestine, the median cost with a mortgage is higher than in Hancock County ($1,538).
It is also higher than in Indiana ($1,404).
It is not measurably different from the national figure ($1,963).
In Hancock County, New Palestine ranks 1 of 16 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 55 of 1,564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in New Palestine have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,389 (±$91) | $1,872 (±$191) | +34.8% | No measurable change after inflation |
| Median real estate taxes | $1,821 (±$85) | $2,612 (±$492) | +43.4% | No measurable change after inflation |
| Median home value | $202,900 (±$11,561) | $357,500 (±$29,981) | +76.2% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near New Palestine
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| New Palestine | — | $1,872 (±$191) | — |
| Sugar Creek Township (Hancock County) | 0.7 mi | $1,792 (±$84) | Not measurably different |
| Spring Lake | 3.9 mi | $1,133 (±$132) | Lower |
| Moral Township | 4.7 mi | $1,647 (±$299) | Not measurably different |
| Cumberland | 4.8 mi | $1,392 (±$272) | Lower |
| Brandywine Township (Hancock County) | 6.3 mi | $1,585 (±$261) | Not measurably different |
| Buck Creek Township | 6.5 mi | $1,589 (±$82) | Lower |
| Van Buren Township (Shelby County) | 7.2 mi | $1,927 (±$378) | Not measurably different |
| Franklin Township (Marion County) | 7.2 mi | $1,569 (±$49) | Lower |
Nearby places with a measurably lower figure: Spring Lake, IN ($1,133), Cumberland, IN ($1,392), Buck Creek Township, IN ($1,589).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Hancock County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | New Palestine | $1,872 (±$191) |
| 2 | Sugar Creek Township (Hancock County) | $1,792 (±$84) |
| 3 | McCordsville | $1,774 (±$143) |
| 4 | Vernon Township (Hancock County) | $1,667 (±$79) |
| 5 | Blue River Township (Hancock County) | $1,609 (±$422) |
| 6 | Green Township (Hancock County) | $1,590 (±$89) |
| 7 | Buck Creek Township | $1,589 (±$82) |
Showing 7 of 16 places in Hancock County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in New Palestine
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Questions about New Palestine
What is the average mortgage payment in New Palestine?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in New Palestine, IN is $1,872 (±$191) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in New Palestine?
Owners without a mortgage in New Palestine pay a median of $591 (±$192) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in New Palestine gone up?
In New Palestine, the median monthly cost with a mortgage went from $1,389 in 2015–2019 to $1,872 in 2020–2024 (+34.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Palestine town, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — New Palestine town, Indiana
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — New Palestine town, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — New Palestine town, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — New Palestine town, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for New Palestine town, Indiana (place:53352, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in New Palestine at a glance
- Median rent in New Palestine
- Rent by bedrooms in New Palestine
- Renters and owners in New Palestine
- Income and affordability in New Palestine
- Home values in New Palestine
- Property taxes in New Palestine
- Types of homes in New Palestine
- Bedrooms in New Palestine
- Age of homes in New Palestine
- Heating fuel in New Palestine
- Commute and cars in New Palestine
- Crime reported to police in New Palestine
- Population growth in New Palestine
- How long people stay in New Palestine
- Indiana landlord and tenant rules
- Housing across Hancock County
- Housing data for every place in Indiana