Home Price Key
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Average
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These days, finding an affordable place to live in the New Palestine area can be challenging. Home prices in New Palestine are now at a median cost of $234,907, higher than the Indiana average of $175,617.
The average cost of rent is $1,146/mo in New Palestine, primarily driven by the current value of real estate in the New Palestine area. While nearly 24.35% of residents own their homes outright in New Palestine, 11.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Palestine is $7,743 per month. Households that rent pay about 14.80% of their income on rent here. New Palestine's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
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