New Harmony, IN—47631
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Harmony, IN
As of Oct '25, the median home price in New Harmony, IN is $211,000, with a year-over-year change of 6.0%. This indicates that home prices in New Harmony, IN are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $211,000 | 6.0% |
| Single Family | $211,000 | 5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $162,000 | 6.6% |
3 Bed | $236,000 | 4.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Harmony, IN
As of July '25, Rentcast reports the average rent in New Harmony, IN is $800, with a year-over-year rent change of -5.9%. Per bedroom, the median rent as of July '25 in New Harmony, IN is 2-bedrooms: $800. The most common rental property sizes in New Harmony, IN are 2-bedroom and 1-bedroom, accounting for 61.2% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Harmony, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in New Harmony, IN is 84. This is a increase of 130.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $190,000 | -31.0% |
Listing Count | 5 | -30.0% |
| Listings as % of Homes | 0.5% | -30.0% |
Days on Market | 84 | 130.0% |
Demographics — New Harmony, IN
As of the latest ACS Survey released in 2023, New Harmony, IN has a population of 2,080, which has remained stable by -0.8% over the past 5 years. New Harmony, IN is a moderately popular place for families, as children make up 17.0% of the population. The area has a moderately educated workforce, with 26.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,080 | -0.8% |
% Under 18 | 17.0% | -10.1% |
% Seniors | 29.5% | 23.4% |
% WFH | 8.2% | 20.6% |
% w/ College Degree | 26.4% | 30.7% |
As of the latest ACS Survey released in 2023, New Harmony, IN is a predominantly white area, with 93.9% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in New Harmony, IN is asian, making up 1.6% of the population. Foreign-born residents account for 2.3% of the population in New Harmony, IN, and this percentage has increased by 130.0% 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 | 93.9% | -2.7% |
% Black | 0.7% | 133.3% |
% Hispanic | 0.0% | -100.0% |
% Asian | 1.6% | 33.3% |
% Foreign Born | 2.3% | 130.0% |
Mortgage and Risk — New Harmony, IN
According to HUD data as of 2023, there were 30 mortgage originations in New Harmony, IN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in New Harmony, IN. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 30 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — New Harmony, IN
New Harmony, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | $230 | $800 | $1,030 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — New Harmony, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $211,000 |
| Median Household Income | $60,500 |