Much like its nearby areas, it's substantially less expensive compared to the US as a whole. Compared to the city of Fort Wayne, it is close to average.
Home prices
The value of the median home in New Paris is $113,500. In comparison to the surrounding areas it is approximately $3,440 (2%) lower.It is roughly $104,000 (47%) lower in comparison to the United States as a whole, and is about $1,600 (1%) lower compared to the city of Fort Wayne.
Rents
New Paris's median monthly rent is $793. This is is very similar compared to nearby areas.Compared to the rest of the nation it is about $269 (25%) lower, and is approximately $29 (3%) higher compared to the city of Fort Wayne.
Nearby places
Goshen
Goshen is roughly 4 miles north from New Paris. Housing prices there are a little more expensive. Goshen's median home price is $121,100, which comes out to $7,600 (6%) higher than New Paris. The rent there is similar. The median rent in Goshen is $784 per month, which works out to $9 (1%) lower than New Paris.
Milford
Milford is roughly 5 miles south of New Paris. Its real estate prices are a little less expensive. The median home in Milford is valued at $108,000, which works out to $5,500 (5%) lower than New Paris. The rent there is somewhat less expensive. In Milford the median monthly rent is $613, which comes out to $180 (29%) lower than New Paris.
Millersburg
Millersburg is approximately 5 miles east from New Paris. Its housing prices are somewhat less expensive. The median home in Millersburg is valued at $105,000, which is $8,500 (8%) lower than New Paris. Its rents are somewhat more expensive. The median monthly rent in Millersburg is $902, which is $109 (12%) higher than New Paris.
Syracuse
Syracuse is roughly 6 miles southeast of New Paris. Housing prices there are a bit more expensive. The median home in Syracuse costs $127,400, which comes out to $13,900 (10%) higher than New Paris. Rent there is similar. In Syracuse the median monthly rent is $824, which is $31 (3%) higher than New Paris.
Nappanee
Nappanee is roughly 8 miles southwest of New Paris. Housing prices there are somewhat more expensive. The median home cost in Nappanee is $123,200, which works out to $9,700 (7%) higher than New Paris. Rents there are pretty similar. The median rent in Nappanee is $829 per month, which works out to $36 (4%) higher than New Paris.
