New Point, IN
Population 252 · Indiana
About New Point, IN
New Point is a small community located in Indiana with a population of 252 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,179 per year, which is 20% below the national median of $75,149. The median age of 42.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in New Point features a median home value of $125,000, which is 49% below the national median of $244,900. This makes New Point one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,153, 1% below the national average of $1,163/month. Of the 148 total housing units, 78% are owner-occupied (82 units) and 22% are renter-occupied (23 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in New Point shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Point have an average one-way commute time of 18.8 minutes, one of the shorter commutes in the region.
Education & Demographics
10.5% of New Point residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 6.7% White, 6.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in New Point, IN
Compared to national averages, New Point has a median household income of $60,179 (20% below the national median of $75,149). Home values average $125,000, which is 49% below the national median. Monthly rent at $1,153 is 1% below the US average of $1,163. Within Indiana, New Point's income is 13% below the state average of $69,330, and home values are 24% below the state median of $163,409.
Why Live in New Point, IN?
New Point offers affordable housing with a median home value of $125,000, below the US average of $244,900, and rent that’s lower than the national average at $1,153/month, and a strong job market with an unemployment rate of just 3.1%. Additionally, the city features a low poverty rate of 9.9%, better than the national average, and short commute times averaging just 18.8 minutes.
Potential considerations include median household income ($60,179) that falls below the national average. However, New Point’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Point has a population of 252 with a median age of 42.3 years. Compare New Point with other cities to see how it stacks up, or explore all cities in Indiana.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Point
What is the population of New Point, IN?
The population of New Point, IN is 252 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in New Point?
The median household income in New Point, IN is $60,179 per year, which is 20% below the national median of $75,149.
What is the median home value in New Point?
The median home value in New Point, IN is $125,000, which is 49% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Point?
The median monthly rent in New Point, IN is $1,153, which is 1% below the national average of $1,163/month.
What is the unemployment rate in New Point?
The unemployment rate in New Point, IN is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Point, IN a good place to live?
New Point offers a moderate cost of living, affordable housing, and a strong job market. With a population of 252 and a median age of 42.3, the city appeals to a broad range of residents.
How educated is New Point, IN?
10.5% of residents in New Point aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in New Point?
Key cost-of-living indicators for New Point, IN: median home value is $125,000 (49% below national), median rent is $1,153/month, and median household income is $60,179. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Point?
The poverty rate in New Point, IN is 9.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New Point, IN?
New Point's population is 6.7% White, 6.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.