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New Palestine

New Palestine

Located in Hancock County

$394,535 Average Value
$167 Average Price per Sq Ft
75 Homes For Sale

New Palestine offers one-stoplight living 30 minutes from Indianapolis

New Palestine might be Indiana’s best-kept secret. Set among the midwestern state's checkerboard of green farmland, the small, one-stop-light town doesn’t seem like it would be less than 30 minutes outside Indianapolis. “Although you’re out of the hustle and bustle of the city, you’re still relatively close,” says Realtor Vickie Jordan of Home Bound Real Estate. “But the rural feel and close-knit community draws people to New Palestine the most.”

Historic and custom homes fill the housing spectrum in New Pal

Established in 1871, New Palestine – shortened to New Pal by residents – is a growing town that offers an amalgam of home styles, from historic to new. “The unique thing about New Palestine is that we’ve got a diverse community and a plethora of home styles,” Jordan says. “It’s not one-size-fits-all. We have 100-year-old historic homes that line the streets of downtown, one-million-dollar custom homes, and new construction.” It’s normal to see a 1970s rancher, a traditional farmhouse and a recently built contemporary Craftsman on the same street. The median listing price of real estate hovers at $363,500, with three to four bedrooms and two to three bathrooms common, and Jordan says that the property values in New Palestine stay consistent relative to other communities. “The property values out here tend to be a little bit higher than the surrounding areas, but you’re paying for the out-of-the-city community, great schools, and the amenities that come along with that,” she says.

Highly rated schools draw students from all over Hancock County

Students in New Palestine attend top-rated schools in the Southern Hancock County Community School Corporation, which received an A rating from the Indiana Department of Education. “Many families move here for the top tier school system and the top tier sports programs,” Jordan says. With a campus off Main Street, centrally located New Palestine High School has a flourishing athletics program that is a big part of the community. The school isn’t limited to freshmen through seniors living in New Palestine. Instead, it pulls students from all over Hancock County, making its student body of 1,200 almost half the size of the town’s population itself. Parents can also enroll their kindergarteners through fourth graders in Brandywine Elementary School, while New Palestine Intermediate School serves fifth and sixth graders. Both schools boast an A- overall rating from Niche. At New Palestine Junior High School, seventh and eighth grade students can participate in the school’s award-winning robotics team.

Sugar Creek Township Park features playing fields and walking trails

For a day of outdoor fun, residents take to the recreational facilities at Sugar Creek Township Park. The 88-acre tract features soccer fields, playgrounds, and a nine-hole disc golf course. Jordan says the park’s walking trails and the Pennsy Trail, which cuts through the north side of the town, is a popular place for folks to get some fresh air and take walks with their kids and pets.

Seasonal events include summertime concerts and holiday happenings

The close-knit feel of the community is exemplified during events and festivals that bring residents together in every season. Most notable is the New Pal Summer Fest, a weekend celebration involving live music, food and vendors, and a 5k race. Enjoy local tunes during the town’s Music on Depot summer concert series every fourth Saturday from July to September, usher in the autumn season at the Harvest Fest in October and get in the holiday spirit for the annual Christmas parade and Winter Fest.

Coffee, ice cream and fast-food favorites round out the dining scene

When it comes to the local dining scene, residents have plenty of tantalizing options. “The new coffee shop called Barrel Racing Baristas is very popular,” Jordan says, adding that a few newer spots display the town’s growth and revitalization. “We’re not just growing in homes, but also in business and opportunities.” But there’s one local staple that takes the spotlight. “You can’t come to New Pal and not try Frosty Boy,” Jordan says of the walk-up ice cream stand on Main Street. With an extensive menu of sweets and more, the beloved drive-in serves up soft serve, slushes and sundaes, as well as an array of fast-food favorites, like cheeseburgers and hot dogs.

Even with its steady growth, the relaxed rural haven preserves its small-town charm. “New Pal just has that hometown feel that draws people in,” Jordan says.

Christina von Claparede-Crola
Written By
Christina von Claparede-Crola
Mark Chenoweth
Photography Contributed By
Mark Chenoweth
Syd Silberman
Video By
Syd Silberman

Interested in learning more about homes in this area? Reach out to Erin Scott, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

New Palestine Housing Trends

Housing Trends

Median List Price
$394,900
Median Sale Price
$379,950
Median Single Family Sale Price
$385,000
Median 2 Bedroom Sale Price
$325,000
Median Change From 1st List Price
1%
Last 12 months Home Sales
202
Median Home Sale Price YoY Change
1%
Average Price Per Sq Ft
$167

Area Facts

Number of Homes in Neighborhood
4,471
Number of Homes for Sale
75
Median Year Built
1995
Months of Supply
4.50
Average Single Family Home Size Sq Ft
2,498
Above the national average
1,924
Average Townhouse Size Sq Ft
2,765
Average 2 Bedroom Size Sq Ft
1,880
Median Lot Size Sq Ft
20,473

Open Houses

  • Sunday, Sep 21
    Open Sun 1PM - 4PM

    7893 Magnolia St, New Palestine, IN 46163

    $394,900

    • 5 Beds
    • 3 Baths
    • 2,600 Sq Ft
    • 7893 Magnolia St

    Step into the future of luxurious living with D.R. Horton's Henley plan, a masterpiece of design and functionality. This captivating two-story residence boasts five generous bedrooms and three full baths, ensuring ample space for family and guests and is also located on a pond view homesite. The main level enchants with sleek solid surface flooring, blending elegance with easy upkeep. A cleverly

    Agent Photo
    Frances Williams
    DRH Realty of Indiana, LLC
    (317) 676-3718
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  • Sunday, Sep 21
    Open Sun 1PM - 4PM

    7909 Magnolia St, New Palestine, IN 46163

    $394,900

    • 5 Beds
    • 3 Baths
    • 2,600 Sq Ft
    • 7909 Magnolia St

    Unveiling the Henley plan by D.R. Horton, where elegance meets functionality in a two-story architectural masterpiece. This home boasts five generously sized bedrooms and three luxurious full baths, designed to accommodate modern family living. The main level greets you with sleek solid surface flooring that promises both style and easy maintenance, while the staircase, discreetly positioned off

    Agent Photo
    Frances Williams
    DRH Realty of Indiana, LLC
    (317) 659-6424
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  • Sunday, Sep 21
    Open Sun 12PM - 2PM

    4159 S Kelly Dr, New Palestine, IN 46163

    $350,000

    • 3 Beds
    • 2 Baths
    • 1,930 Sq Ft
    • 4159 S Kelly Dr
    • New 1 day ago

    If a custom, brick ranch is what you are looking for, then you have found it! This gorgeous home sits on a lush piece of heaven in popular Crystal Heights neighborhood. The hardwood floors lead you to a large primary ensuite where you can head right on to the private, back patio. You can also access the patio from the dreamy sunroom. On the other side of the sunroom is the cozy living room

    Leslie Foy Berkshire Hathaway Home

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

New Palestine Has More Owners

Demographics

Total Population
2,461
Median Age
43
Population Density
2 ppl/acre
Population under 18
23.5%
On par with the national average
23.8%
Population over 65
21.3%
On par with the national average
19.1%

Finances

Median Household Income
$97,894
Significantly above the national average
$71,702
Average Household Income
$107,869

Education and Workforce

High School Graduates
96.2%
Above the national average
89.1%
College Graduates
33%
Advanced Degrees
7.7%
% Population in Labor Force
72.7%
Above the national average
65.1%

Weather

Annual Precipitation
44''
Average Winter Low Temperature
18°F
Average Summer High Temperature
84°F
Annual Snowfall
12''

Area Factors

Somewhat Bikeable

Bike Score®®

37 / 100

Car-Dependent

Walk Score®®

22 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
New Palestine