New Chicago, IN housing market
The typical New Chicago home is worth about $167,000, up 1.8% in a year, 36% below the Indiana typical home.
Home values, sales, trends and how New Chicago compares with the towns next door — updated as new data is published.
New Chicago at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | New Chicago | Indiana |
|---|---|---|
| 2017 | $72,000 | $135,000 |
| 2018 | $80,000 | $144,000 |
| 2019 | $87,000 | $154,000 |
| 2020 | $94,000 | $164,000 |
| 2021 | $108,000 | $183,000 |
| 2022 | $125,000 | $209,000 |
| 2023 | $143,000 | $227,000 |
| 2024 | $149,000 | $237,000 |
| 2025 | $159,000 | $249,000 |
| 2026 | $168,000 | $256,000 |
| August 2026 | $167,000 | $260,000 |
New Chicago and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| New Chicago | $167K | +1.8% | — | $57,313 |
| Lake Station | $162K | +0.8% | 30 | $59,591 |
| Hobart | — | — | 37 | $75,160 |
2.9 years of income
The typical New Chicago home costs about 2.9 years of the town's median household income, less than across Indiana (3.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.