New Paris, IN 46553 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

New Paris, IN—46553

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$297,000

6.2% YoY Growth

Household Income

$85,900

36.7% YoY Growth

Days on Market

45.0% Shorter YoY

Home Price Forecast

2.9%

Median Rent

$1,950

14.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — New Paris, IN

As of Dec '25, the median home price in New Paris, IN is $297,000, with a year-over-year change of 6.2%. This indicates that home prices in New Paris, IN are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$297,000	6.2%
Single Family	$297,000	6.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — New Paris, IN

As of July '25, Rentcast reports the average rent in New Paris, IN is $1,950, with a year-over-year rent change of 14.7%. Per bedroom, the median rent as of July '25 in New Paris, IN is 4-bedrooms: $1,950. The most common rental property sizes in New Paris, IN are 3-bedroom and 4-bedroom, accounting for 69.4% and 14.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,950	$1,950
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	$1,950	$1,950

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% of Rental Stock

1 Bedroom

3.7%

3 Bedrooms

69.4%

4 Bedrooms

14.2%

5+ Bedrooms

12.7%

Property Listings — New Paris, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in New Paris, IN is 60. This is a decrease of -47.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$342,000	16.0%
Listing Count	14	39.0%
Listings as % of Homes	0.3%	39.0%
Days on Market	77	-45.0%

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Demographics — New Paris, IN

As of the latest ACS Survey released in 2023, New Paris, IN has a population of 3,790, which has increased by 18.0% over the past 5 years. New Paris, IN is a popular place for families, as children make up 32.4% of the population. The area has a poorly educated workforce, with 19.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,790	18.0%
% Under 18	32.4%	5.9%
% Seniors	15.7%	4.7%
% WFH	4.7%	-37.3%
% w/ College Degree	19.3%	48.5%

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As of the latest ACS Survey released in 2023, New Paris, IN is a predominantly white area, with 93.6% of the population identifying as white. The white population has grown by 8.6% in the last 5 years. The second most common race or ethnicity in New Paris, IN is hispanic, making up 5.1% of the population. Foreign-born residents account for 4.0% of the population in New Paris, IN, and this percentage has increased by 2.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	93.6%	8.6%
% Black	0.0%	N/A
% Hispanic	5.1%	-61.1%
% Asian	1.1%	450.0%
% Foreign Born	4.0%	2.6%

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Mortgage and Risk — New Paris, IN

According to HUD data as of 2023, there were 136 mortgage originations in New Paris, IN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in New Paris, IN. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	136
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — New Paris, IN

New Paris, IN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$820
2 Bedroom	N/A	N/A	$1,000
3 Bedroom	N/A	N/A	$1,290
4 Bedroom	-$620	$1,950	$1,330

New Paris, IN—46553

Key Metrics at a Glance

Home Price Trends — New Paris, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Paris, IN

% of Rental Stock

Property Listings — New Paris, IN

Demographics — New Paris, IN

Race and Ethnicity

Mortgage and Risk — New Paris, IN

Mortgages

Rentals and Section 8 — New Paris, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — New Paris, IN

Home Price to Income Ratio

New Paris, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Goshen, IN

Milford, IN

Syracuse, IN

Goshen, IN

Nappanee, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$297,000
Median Household Income	$85,900

New Paris, IN—46553

Key Metrics at a Glance

Home Price Trends — New Paris, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Paris, IN

% of Rental Stock

Property Listings — New Paris, IN

Demographics — New Paris, IN

Race and Ethnicity

Mortgage and Risk — New Paris, IN

Mortgages

Rentals and Section 8 — New Paris, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — New Paris, IN

Home Price to Income Ratio

New Paris, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Goshen, IN

Milford, IN

Syracuse, IN

Goshen, IN

Nappanee, IN

Frequently Asked Questions

What is the average home price in New Paris, IN 46553?

How have home prices in New Paris, IN 46553 changed over the past year?

What is the home price projection for New Paris, IN 46553?

What are the demographics of New Paris, IN 46553?

How long does it take homes to sell in New Paris, IN 46553?

What is the average rent price in New Paris, IN 46553?