Market Overview
Home Prices in New Paris, IN
The median home value in New Paris, IN is $310,541 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.6% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Paris are priced24% below average. New Paris is part of the Elkhart-Goshen, IN metro area.
Over the past five years, New Paris home values have risen by approximately33.4%, reflecting strong long-term appreciation in this market.
Price History
New Paris Home Price Trend
City Comparison
New Paris vs. National Median
At $310,541, homes in New Paris cost 24% below the national median of $410,000. This makes New Paris a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Paris?
20% Down Payment
$62,108
on $310,541
Monthly P&I
$1,620/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,057/mo
incl. taxes & insurance
Income Needed
$82,280
gross annual (30% rule)
10% Down Option
$31,054
+ PMI applies
Loan Amount (20% dn)
$248,433
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 Paris, IN?
The median home value in New Paris is $310,541 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.6% year-over-year.
How much have home prices changed in New Paris?
Over the past year, home values in New Paris have increased by 5.6%. Over five years, prices have risen approximately 33.4%.
How much do I need to earn to buy a home in New Paris?
To comfortably afford the median home price of $310,541 with a 20% down payment ($62,108) at today's rates (6.8%), you'd need a gross annual income of approximately $82,280. This assumes keeping total housing costs at or below 30% of gross income.
How does New Paris compare to the national average home price?
The national median home value is approximately $410,000. At $310,541, homes in New Paris are 24% below the national average.
What metro area is New Paris part of?
New Paris is part of the Elkhart-Goshen, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.