New Palestine, IN Real Estate
According to census data in the year 2000 there were 497 housing units in New Palestine.
This represents a 79.4% growth from 277 in 1990.
Of those housing units, 469 were located in either urbanized areas or urban clusters, and 28 were located in what is classified as a rural area.
Homeownership rate in New Palestine is about 81%.
New Palestine's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.69 people.
The majority of houses, apartments or condos in New Palestine were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.60% |
| Two Bedrooms | 27% |
| Three Bedrooms | 40.40% |
| Four Bedrooms | 26.80% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $129,100 |
| Median Price asked for vacant units | $98,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $379 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 12.50% |
| Home Equity Loan | 8% |
| Simple Mortgage | 52.10% |
| Debt Free | 27.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.2% |
