New Palestine, IN Profile: Facts & Data

New Palestine, Indiana - Basic Facts

The Town of New Palestine had a population of 3,118 as of July 1, 2024.

The primary coordinate point for New Palestine is located at latitude 39.722 and longitude -85.8891 in Hancock County. The formal boundaries for the Town of New Palestine encompass a land area of 1.19 sq. miles and a water area of 0 sq. miles. Hancock County is in the Eastern time zone (GMT -5).

The Town of New Palestine has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of New Palestine is located within Township of Sugar Creek, a minor civil division (MCD) of Hancock County.

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New Palestine, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	3,118 (100%)
Population in Households	3,029 (97.1%)
Population in Families	2,648 (84.9%)
Population in Group Quarters¹	89 ( 2.9%)
Population Density	1,533
Diversity Index²	16


INCOME
Median Household Income	$106,454
Average Household Income	$132,487
% of Income for Mortgage⁴	19%
Per Capita Income	$53,233
Wealth Index⁵	135
Socioeconomic Status Index⁶	Moderate (64.0)

HOUSING
Total HU (Housing Units)	1,303 (100%)
Owner Occupied HU	1,112 (85.3%)
Renter Occupied HU	140 (10.7%)
Vacant Housing Units	51 ( 3.9%)
Median Home Value	$327,918
Average Home Value	$348,246
Housing Affordability Index³	130

HOUSEHOLDS
Total Households	1,252
Average Household Size	2.42
Family Households	925
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,303 (100%)

Owner Occupied HU

1,112 (85.3%)

Renter Occupied HU

140 (10.7%)

Vacant Housing Units

51 ( 3.9%)

Median Home Value

$327,918

Average Home Value

$348,246

Housing Affordability Index³

130

HOUSEHOLDS

Total Households

1,252

Average Household Size

2.42

Family Households

925

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	2.91%	0.95%
Households	3.27%	1.65%
Families		1.47%
Median Household Income		2.59%
Per Capita Income		3.27%
Owner Occupied HU		1.42%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

2.91%

0.95%

Households

3.27%

1.65%

Families

1.47%

Median Household Income

2.59%

Per Capita Income

3.27%

Owner Occupied HU

1.42%

New Palestine, IN - Peer Comparisons by Rank and Percentile

The table below compares New Palestine to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 174	82nd
Population Density	# 253	74th
Median Household Income	# 66	93rd
Housing Affordability Index	# 502	51st
Per Capita Income	# 66	93rd
Diversity Index	# 576	41st

Variable Description

Rank

Percentile

Total Population

# 174

82nd

Population Density

# 253

74th

Median Household Income

# 66

93rd

Housing Affordability Index

# 502

51st

Per Capita Income

# 66

93rd

Diversity Index

# 576

41st

Indiana Census Data Comparison Tool

New Palestine, IN Profile: Facts & Data

New Palestine, Indiana - Basic Facts

New Palestine, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

New Palestine, IN - Peer Comparisons by Rank and Percentile

New Palestine, IN - Most Popular Things to Do

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