HomeIndianaHancock CountyNew Palestine
New Palestine, Indiana: commercial real estate data.
New Palestine is a Census town of 3,227 people across 2.05 square miles of land, in Hancock County. Median household income is $96,923, 80.3 percent of occupied homes are owned, and the SBA record carries 11 7(a) approvals to borrowers here worth $1.1 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
New Palestine
What New Palestine is
- Census place typetown
- Land area2.05 sq mi
- Water area0.01 sq mi
- Population per square mile of land1,578
- County holding the largest share of its areaHancock County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Palestine
How many people live in New Palestine
- Population3,227
- Median age40.4
- Population under 18768 plus or minus 176
- Share under 1823.8 percent plus or minus 5.5
- Population 65 and over448 plus or minus 124
- Share 65 and over13.9 percent plus or minus 3.8
- Households1,272
- Family households977
- Share of households that are families76.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Palestine
Income and work in New Palestine
- Median household income$96,923
- Per capita income$54,080
- Civilian labor force1,723
- Employed1,652
- Unemployed71 plus or minus 75
- Unemployment rate4.1 percent plus or minus 4.3
- Adults 25 and over2,279
- Adults 25 and over with a high school diploma or higher93.9 percent
- Adults 25 and over with a bachelor degree or higher41.9 percent
- Adults 25 and over with a graduate degree9.9 percent plus or minus 3.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Palestine
Housing in New Palestine
- Housing units1,326
- Occupied units1,272
- Vacant units54 plus or minus 53
- Vacancy rate4.1 percent plus or minus 4.0
- Owner occupied1,022
- Renter occupied250 plus or minus 96
- Ownership rate80.3 percent
- Median owner-occupied home value$357,500
- Median gross rent, monthly$1,129
- Annual rent as a share of median income14.0 percent plus or minus 3.1
- Single family units1,148
- Share single family86.6 percent
- Units in buildings of two or more178 plus or minus 90
- Share in buildings of two or more13.4 percent plus or minus 6.7
- Mobile homes0
- Median year structure built2002
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Palestine
How New Palestine gets to work
- Workers 16 and over who commute1,426
- Commuting under 15 minutes106 plus or minus 50
- Share commuting under 15 minutes7.4 percent plus or minus 3.3
- Commuting 30 minutes or more996 plus or minus 215
- Share commuting 30 minutes or more69.8 percent
- Drove alone82.6 percent
- Carpooled2.7 percent plus or minus 3.0
- Public transport0.0 percent
- Walked1.0 percent plus or minus 1.5
- Worked from home13.7 percent plus or minus 6.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Palestine
SBA loans in New Palestine (7(a))
- Approvals11
- Gross approval$1,148,800
- Average approval$104,436
- Median approval$70,000
- Largest approval$220,000
- Jobs supported37
- Jobs per approval3.4
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more9.1 percent
- Share to franchises27.3 percent
- Distinct lenders6
- Distinct industries by NAICS7
Counted by borrower city: approvals to borrowers whose address is in New Palestine, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Palestine
SBA loans in New Palestine (504)
- Approvals1
- Gross approval$205,000
- Average approval$205,000
- Median approval$205,000
- Largest approval$205,000
- Jobs supported4
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in New Palestine, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
New Palestine
Flood risk in New Palestine
- NFIP communityTown of New Palestine
- NFIP community number180336
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date03/17/14
The Town of New Palestine participates in the National Flood Insurance Program as community 180336 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Hancock County, not New Palestine
Hancock County context, not New Palestine figures
- Establishments in Hancock County1,634
- Covered employment, Hancock County29,049
- Average annual pay, Hancock County$56,651
- Housing units permitted, Hancock County1,091
Every figure in this section is published for Hancock County as a whole and is not a measurement of New Palestine.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
New Palestine questions, answered from the record.
How many people live in New Palestine, Indiana?
3,227, in 1,272 households. New Palestine town covers 2.05 square miles of land, which is 1,578 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Palestine in?
Hancock County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in New Palestine?
$96,923. The median owner-occupied home is valued at $357,500. Median gross rent is $1,129 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Palestine businesses?
11 7(a) approvals totaling $1.1 m since FY2020, across 6 lenders, median approval $70,000, plus 1 504 approvals worth $205,000 since FY2010. These count approvals to borrowers whose address is in New Palestine, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Palestine borrowers get paid back?
No rate is published for New Palestine. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is New Palestine in the National Flood Insurance Program?
Yes. New Palestine appears in the FEMA Community Status Book as New Palestine, town of, community 180336, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page New Palestine figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Hancock County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of New Palestine.
Is zoning published for New Palestine?
No. Nothing on this page presents parcel level zoning.