New Chicago, IN Real Estate

According to census data in the year 2000 there were 891 housing units in New Chicago. This represents a 11.4% growth from 800 in 1990.

Of those housing units, 891 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in New Chicago is about 79.1%. New Chicago's vacancy rate, including seasonal lodging, is about 5.5%. Average household size is 2.56 people.

The majority of houses, apartments or condos in New Chicago were built after 1962.


Housing Size

Housing Units by Size
Studio Type1.30%
One Bedroom7.50%
Two Bedrooms47%
Three Bedrooms39.60%
Four Bedrooms2.90%
Five Bedrooms or more1.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1962
Median Value of occupied units$69,600
Median Price asked for vacant units$58,800

Rented Homes, Apartments and Condos

Average Household Size3.27
Median year structure was built1964
Median Monthly Rent asked for vacant units$410

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.30%
Home Equity Loan5.50%
Simple Mortgage53.10%
Debt Free33.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.9%