diff --git a/pkgs/development/python-modules/nipy/default.nix b/pkgs/development/python-modules/nipy/default.nix
index 6229baef32a3..5bdf6fdcd443 100644
--- a/pkgs/development/python-modules/nipy/default.nix
+++ b/pkgs/development/python-modules/nipy/default.nix
@@ -12,13 +12,13 @@
 }:
 
 buildPythonPackage rec {
-  version = "0.4.2";
+  version = "0.5.0";
   pname = "nipy";
   disabled = pythonOlder "2.6";
 
   src = fetchPypi {
     inherit pname version;
-    sha256 = "1pn731nsczrx198i2gadffqmfbhviglrclv6xxwhnbv6w5hfs2yk";
+    sha256 = "a8a2c97ce854fece4aced5a6394b9fdca5846150ad6d2a36b86590924af3c848";
   };
 
   buildInputs = lib.optional doCheck [ nose ];