Expensive
Affordable
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These days, finding an affordable place to live in the New Point area can be challenging. Home prices in New Point are now at a median cost of $300,867, higher than the Indiana average of $232,932.
The average cost of rent is $1,360/mo in New Point, primarily driven by the current value of real estate in the New Point area. In New Point, 11.40% of households rent, and 53.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Point is $5,963 per month. Households that rent pay about 22.81% of their income on rent here. New Point’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Enochsburg, IN: equally priced homes
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- Greensburg, IN: less expensive homes
- Oldenburg, IN: equally priced homes
- Clarksburg, IN: less expensive homes
Cities with Similar Populations
- Bernice, OK: less expensive homes
- Fincastle, TX: less expensive homes
- Ferndale, NY: equally priced homes
- Tomahawk, KY: less expensive homes
- Tri-Lakes, IN: higher priced homes
- Brashear, MO: less expensive homes
- Collbran, CO: higher priced homes
- Boston, OH: less expensive homes
- Bolt, WV: less expensive homes
- Bluffton, MN: less expensive homes
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