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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
77
45.0% Shorter YoY
Home Price Forecast
2.9%
Median Rent
$1,950
14.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

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 TypeMedian Home ValueYoY % Change
All Homes
$297,0006.2%
Single Family $297,0006.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$206,0006.2%
    3 Bed
    		$293,0006.5%
    4 Bed
    		$336,0005.7%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    0.4%
    2 Bedrooms
    9.1%
    3 Bedrooms
    62.4%
    4 Bedrooms
    21.0%
    5+ Bedrooms
    7.2%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,950$1,950
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$342,00016.0%
    Listing Count
    		1439.0%
    Listings as % of Homes0.3%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.

    MetricLatest CensusYoY % Change
    Population
    		3,79018.0%
    % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$820
    2 BedroomN/AN/A$1,000
    3 BedroomN/AN/A$1,290
    4 Bedroom-$620$1,950$1,330

    Affordability — New Paris, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$297,000
    Median Household Income$85,900

    New Paris, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    46526

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    Frequently Asked Questions