New Palestine's October First-Time Homebuyer Report

New Palestine is a small city in Indiana with a median income of $61,620 per household. Besides being very affluent, its population is older than others with a median age of 37 years. The New Palestine market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area. The best school in the city is New Palestine High School.

Price Range

Some of the more expensive homes in Indiana are in New Palestine with a median home value of $157,000 and an average list price for available homes currently at $128,438. The New Palestine market remained soft with two homes sold in the last 30 days, a 33.3% sales drop.

Wonder which homes are generating the most buzz? Here are the most viewed listings in New Palestine:

$199K   $449K   $188K  

Typical Dwelling

A three-bedroom detached home valued around $176,416 is considered a typical dwelling in New Palestine. If a buyer was looking for a similar home, they would need good credit and a $35,283 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $717 and the property tax rate is $8.08 per $1,000 of taxable assessed value.

Get started right now by checking out New Palestine homes for sale or reviewing New Palestine real estate trends.

Data reported through 10/13/2016


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The Vearus Group
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