Market Overview
Home Prices in New Palestine, IN
The median home value in New Palestine, IN is $388,069 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Palestine are priced5% below average. New Palestine is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, New Palestine home values have risen by approximately24.7%, reflecting strong long-term appreciation in this market.
Price History
New Palestine Home Price Trend
City Comparison
New Palestine vs. National Median
At $388,069, homes in New Palestine cost 5% below the national median of $410,000. This makes New Palestine a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Palestine?
20% Down Payment
$77,614
on $388,069
Monthly P&I
$2,024/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,570/mo
incl. taxes & insurance
Income Needed
$102,800
gross annual (30% rule)
10% Down Option
$38,807
+ PMI applies
Loan Amount (20% dn)
$310,455
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Palestine, IN?
The median home value in New Palestine is $388,069 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in New Palestine?
Over the past year, home values in New Palestine have increased by 2.2%. Over five years, prices have risen approximately 24.7%.
How much do I need to earn to buy a home in New Palestine?
To comfortably afford the median home price of $388,069 with a 20% down payment ($77,614) at today's rates (6.8%), you'd need a gross annual income of approximately $102,800. This assumes keeping total housing costs at or below 30% of gross income.
How does New Palestine compare to the national average home price?
The national median home value is approximately $410,000. At $388,069, homes in New Palestine are 5% below the national average.
What metro area is New Palestine part of?
New Palestine is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.