Zip 46163 (New Palestine, IN) Housing

The housing market in New Palestine, IN (zip code 46163) is thriving. The median value of homes in this area is $324,800, which is significantly less than the US median home value of $338,100. Despite this difference, the 1-year appreciation rate for houses in New Palestine is even higher than that of the US as a whole at 13.55%, which is 5.28% greater than the national average of 8.27%. This demonstrates that house prices are rising steadily and rapidly in New Palestine.

The median home cost in New Palestine (zip 46163) is $324,800. Home appreciation the last 10 years has been 95.7%. Home Appreciation in New Palestine (zip 46163) is up 17.9%.

Average Age of Homes

- The median age of New Palestine (zip 46163) real estate is 29 years old

The Rental Market in New Palestine (zip 46163)

- Renters make up 8.7% of the New Palestine (zip 46163) population
- 0.3% of houses and apartments in New Palestine (zip 46163), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	New Palestine, Indiana	United States
	5,205.0	139,647,020.0
	33	42
	$324,800	$338,100
	17.9%	16.6%
	66.2%	57.0%
	95.7%	101.1%
	$7.32	$10.98
	$1,798	$2,690
	90.5%	57.4%
	2.2%	11.2%
	7.4%	31.4%
Vacant Housing
	0.3%	1.9%
	0.0%	0.4%
	1.8%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.2%	2.4%
	0.6%	2.8%
	0.0%	3.9%
	2.4%	4.5%
	11.5%	11.3%
	19.8%	13.0%
	36.6%	20.1%
	16.7%	13.6%
	4.5%	8.3%
	6.1%	9.7%
	1.2%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	17.3%	13.6%
	17.3%	13.6%
	21.2%	13.6%
	12.0%	13.2%
	15.6%	14.8%
	21.2%	13.6%
	3.9%	10.0%
	1.6%	4.7%
	9.1%	12.2%

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