New Point, IN housing market
The typical New Point home is worth about $192,000, up 3.9% in a year, 26% below the Indiana typical home.
Home values, sales, trends and how New Point compares with the towns next door — updated as new data is published.
New Point at a glance
Only 1 sale in April 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 Point | Indiana |
|---|---|---|
| 2017 | $94,000 | $135,000 |
| 2018 | $99,000 | $144,000 |
| 2019 | $104,000 | $154,000 |
| 2020 | $121,000 | $164,000 |
| 2021 | $131,000 | $183,000 |
| 2022 | $149,000 | $209,000 |
| 2023 | $158,000 | $227,000 |
| 2024 | $166,000 | $237,000 |
| 2025 | $177,000 | $249,000 |
| 2026 | $186,000 | $256,000 |
| August 2026 | $192,000 | $260,000 |
A two-bedroom rents for about $1,160
HUD's Fair Market Rent for a two-bedroom in New Point is $1,160 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $840 · 4 bedrooms $1,730
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47240, 47263; Franklin County, IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.