What percentage of people rent in New Palestine, IN?
19.7% (±6.6 points) of the occupied homes in New Palestine, IN are rented (2020–2024 American Community Survey).
That is 250 renting households against 1,022 that own their home.
In New Palestine, the share of households that rent went from 18.7% in 2015–2019 to 19.7% in 2020–2024 (+1.0 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 19.7% (±6.6 points)
- Renting households
- 250 (±96)
- Median renter income
- $71,136 (±$28,044)
Who rents and who owns in New Palestine
| New Palestine | Hancock County | Indiana | United States | |
|---|---|---|---|---|
| Renter-occupied share | 19.7% (±6.6 points) | 20.5% (±1.9 points) | 29.4% (±0.3 points) | 34.8% |
| Renting households | 250 (±96) | 6,855 (±622) | 799,766 (±7,038) | 45,017,354 |
| Owning households | 1,022 (±105) | 26,619 (±661) | 1,916,243 (±9,865) | 84,210,142 |
| Average renter household size | 1.8 (±0.4) | 2.0 (±0.1) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 2.7 (±0.3) | 2.6 (±0.0) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $71,136 (±$28,044) | $59,430 (±$10,442) | $42,811 (±$480) | $52,966 |
| Median owner household income | $102,062 (±$35,875) | $108,966 (±$3,934) | $87,459 (±$395) | $100,009 |
In New Palestine, the renter share is not measurably different from Hancock County (20.5%).
It is also lower than in Indiana (29.4%).
It is lower than the national figure (34.8%).
In Hancock County, New Palestine ranks 4 of 16 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 721 of 1,600.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in New Palestine has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 18.7% (±5.5 points) | 19.7% (±6.6 points) | +1.0 percentage points | Not a measurable change |
| Median gross rent | $1,007 (±$132) | $1,129 (±$220) | +12.1% | No measurable change after inflation |
| Median household income | $90,278 (±$23,752) | $96,923 (±$10,711) | +7.4% | No measurable change 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.
Households that rent in places near New Palestine
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| New Palestine | — | 19.7% (±6.6 points) | — |
| Sugar Creek Township (Hancock County) | 0.7 mi | 15.0% (±2.9 points) | Not measurably different |
| Spring Lake | 3.9 mi | 0.8% (±2.8 points) | Lower |
| Moral Township | 4.7 mi | 10.1% (±7.3 points) | Not measurably different |
| Cumberland | 4.8 mi | 28.7% (±7.6 points) | Not measurably different |
| Brandywine Township (Hancock County) | 6.3 mi | 4.4% (±7.2 points) | Lower |
| Buck Creek Township | 6.5 mi | 15.5% (±4.4 points) | Not measurably different |
| Van Buren Township (Shelby County) | 7.2 mi | 24.4% (±11.8 points) | Not measurably different |
| Franklin Township (Marion County) | 7.2 mi | 23.9% (±2.7 points) | Not measurably different |
Nearby places with a measurably lower figure: Spring Lake, IN (0.8%), Brandywine Township (Hancock County), IN (4.4%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Hancock County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Greenfield | 35.1% (±4.1 points) |
| 2 | Center Township (Hancock County) | 31.3% (±3.5 points) |
| 3 | Fortville | 28.9% (±9.4 points) |
| 4 | New Palestine | 19.7% (±6.6 points) |
| 5 | Vernon Township (Hancock County) | 18.3% (±4.9 points) |
| 6 | Shirley | 16.5% (±6.3 points) |
| 7 | Buck Creek Township | 15.5% (±4.4 points) |
| 8 | McCordsville | 15.3% (±6.4 points) |
| 9 | Sugar Creek Township (Hancock County) | 15.0% (±2.9 points) |
| 10 | Wilkinson | 11.0% (±11.4 points) |
Showing 10 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
How many renters are there in New Palestine?
New Palestine has an estimated 250 (±96) renting households, 19.7% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in New Palestine?
In New Palestine, the share of households that rent went from 18.7% in 2015–2019 to 19.7% in 2020–2024 (+1.0 percentage points), not a measurable change.
How big are renting households in New Palestine?
A renting household in New Palestine has 1.8 people on average, against 2.7 in an owned home.
How much do renters earn in New Palestine?
The median renting household in New Palestine, IN has an income of $71,136 (±$28,044) a year, against $102,062 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — New Palestine town, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — New Palestine town, Indiana
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — New Palestine town, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — New Palestine town, Indiana
- Median Household Income (B19013), 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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
- Income and affordability in New Palestine
- Home values in New Palestine
- Homeowner costs 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
- Indiana places ranked by share of renters
- Housing data for every place in Indiana