New Paris, IN—46553
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Paris, IN
As of Oct '25, the median home price in New Paris, IN is $298,000, with a year-over-year change of 5.8%. This indicates that home prices in New Paris, IN are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $298,000 | 5.8% |
| Single Family | $299,000 | 6.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $208,000 | 6.1% |
3 Bed | $293,000 | 6.2% |
4 Bed | $337,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — New Paris, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in New Paris, IN is 71. This is a decrease of -39.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $344,000 | 20.0% |
Listing Count | 14 | 12.0% |
| Listings as % of Homes | 0.3% | 12.0% |
Days on Market | 71 | -39.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — New Paris, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $298,000 |
| Median Household Income | $85,900 |