HomeIndianaHancock CountyNew Palestine town
New Palestine town, Indiana: commercial real estate data.
New Palestine town 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.
76 sourced place values · tier FULL · 8 sections · 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
- Ninetieth percentile approval$213,700
- 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
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hancock County, not New Palestine
Hancock County context, not New Palestine figures
These are Hancock County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New Palestine measurements.
- Establishments in Hancock County1,634
- Employment at those establishments, Hancock County25,531
- Covered employment, Hancock County29,049
- Average annual pay, Hancock County$56,651
- Average weekly wage, Hancock County$1,089
- Housing units permitted, Hancock County1,091
- Of those, single family, Hancock County1,085
- County product, 2024, Hancock County$4,921,999,000
- County product change over the prior year, Hancock County4.6 percent
- Average income of an arriving household, Hancock County$74,198
Every figure in this section is published for Hancock County as a whole and is not a measurement of New Palestine. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $1.1 m, across 6 lenders, median approval $70,000, plus 1 504 approvals worth $205,000. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page New Palestine figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.