Housing & Real Estate — Richmond, Indiana

Overview

Total Housing Units17,287
Occupied14,648
Vacant2,639
Owner-Occupied8,424
Renter-Occupied6,224
Median Home Value (Census)$114,400
Estimated 2026~$132,000
Median Rent$815/mo
Median Property Tax$951/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilityaffordable
Rent as % of Income21.5%
Severely Rent-Burdened44.5%

Housing Age

Built 2010 or later344
Built 2000-2009834
Built 1990-1999910
Built before 19609,496
Median Year Built1956
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.