How much do homeowners pay a month in New Paris, IN?

Homeowners with a mortgage in New Paris, IN pay a median of $1,411 (±$201) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $496 (±$150).

84.4% of owned homes carry a mortgage.

In New Paris, the median monthly cost with a mortgage went from $932 in 2015–2019 to $1,411 in 2020–2024 (+51.4%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on .

With a mortgage
$1,411 (±$201)
Without a mortgage
$496 (±$150)
Owned with a mortgage
84.4%

Monthly owner costs in New Paris

Median selected monthly owner costs, estimate (90% margin of error)
New ParisElkhart CountyIndianaUnited States
With a mortgage$1,411 (±$201)$1,323 (±$33)$1,404 (±$5)$1,963
Without a mortgage$496 (±$150)$500 (±$16)$517 (±$3)$638
Owned homes with a mortgage84.4% (±7.2 points)63.3% (±1.6 points)63.6% (±0.3 points)60.6%
Median real estate taxes (a year)$1,788 (±$398)$1,717 (±$52)$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 Paris, the median cost with a mortgage is not measurably different from Elkhart County ($1,323).

It is not measurably different from Indiana ($1,404).

It is lower than the national figure ($1,963).

In Elkhart County, New Paris ranks 14 of 26 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 456 of 1,564.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How owner costs in New Paris have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median owner cost with a mortgage$932 (±$130)$1,411 (±$201)+51.4%Up after inflation
Median real estate taxes$955 (±$113)$1,788 (±$398)+87.2%Up after inflation
Median home value$113,500 (±$23,202)$223,700 (±$20,596)+97.1%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 Paris

Nearest places with a published estimate, compared with New Paris
PlaceDistanceMedian monthly cost with a mortgageCompared with this place
New Paris—$1,411 (±$201)—
Jackson Township (Elkhart County)1.4 mi$1,460 (±$89)Not measurably different
Elkhart Township (Elkhart County)4.4 mi$1,266 (±$72)Not measurably different
Goshen5.0 mi$1,229 (±$61)Not measurably different
Benton Township (Elkhart County)5.8 mi$1,483 (±$276)Not measurably different
Milford5.9 mi$1,048 (±$188)Lower
Union Township (Elkhart County)5.9 mi$1,489 (±$215)Not measurably different
Clinton Township (Elkhart County)6.6 mi$1,798 (±$186)Higher
Syracuse6.8 mi$1,165 (±$65)Lower

Nearby places with a measurably lower figure: Milford, IN ($1,048), Syracuse, IN ($1,165).

Nearby places with a measurably higher figure: Clinton Township (Elkhart County), IN ($1,798).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median monthly cost with a mortgage across Elkhart County, place by place

RankPlaceMedian monthly cost with a mortgage
8Nappanee$1,538 (±$149)
9Simonton Lake$1,519 (±$191)
10Union Township (Elkhart County)$1,489 (±$215)
11Benton Township (Elkhart County)$1,483 (±$276)
12Jackson Township (Elkhart County)$1,460 (±$89)
13Dunlap$1,426 (±$81)
14 (tie)New Paris$1,411 (±$201)
14 (tie)Washington Township (Elkhart County)$1,411 (±$80)
16Olive Township (Elkhart County)$1,403 (±$176)
17Cleveland Township (Elkhart County)$1,380 (±$135)
18Bristol$1,352 (±$105)
19Wakarusa$1,347 (±$160)
20Millersburg$1,324 (±$243)

Showing 13 of 26 places in Elkhart County, ranked from highest to lowest.

New Paris is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about New Paris

What is the average mortgage payment in New Paris?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in New Paris, IN is $1,411 (±$201) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in New Paris?

Owners without a mortgage in New Paris pay a median of $496 (±$150) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in New Paris gone up?

In New Paris, the median monthly cost with a mortgage went from $932 in 2015–2019 to $1,411 in 2020–2024 (+51.4%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Sources

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 Paris CDP, Indiana (place:53370, 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.

Request a Census API 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 .

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