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2025 Compare Cities Housing:
New Albany, IN vs Richmond, IN

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Highlights
- The median age of a home in New Albany is 6.7% younger than the median age of a home in Richmond.
 New Albany, INRichmond, INUnited States
 Median Home Age60  Unlock42
 Median Home Cost  Unlock$126,700$338,100
 Home Appr. Last 12 months15.2%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock51.5%57.0%
 Home Appr. Last 10 yrs.81.4%  Unlock101.1%
 Property Tax Rate  Unlock$9.0$11.0
 Homes Owned48.6%  Unlock57.4%
 Housing Vacant  Unlock15.6%11.2%
 Homes Rented36.1%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 New Albany, INRichmond, INUnited States
 Average Rent  Unlock$1,220$1,840
 Studio Apartment$760  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$760$1,180
 2 Bedroom Home or Apartment$1,030  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,240$1,860
 4 Bedroom Home or Apartment$1,570  Unlock$2,160
 space1
 Vacant Housing
 New Albany, INRichmond, INUnited States
 Vacant For Rent  Unlock3.3%1.9%
 Vacant Rented1.5%  Unlock0.4%
 Vacant For Sale  Unlock0.7%0.7%
 Vacant Sold0.6%  Unlock0.4%
 Vacant Vacation  Unlock0.3%3.6%
 Vacant Other6.0%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 New Albany, INRichmond, INUnited States
 Less Than $20,000  Unlock5.9%2.6%
 $20,000 to $39,9992.7%  Unlock2.4%
 $40,000 to $59,999  Unlock11.2%2.8%
 $60,000 to $79,9997.3%  Unlock3.9%
 $80,000 to $99,999  Unlock16.1%4.5%
 $100,000 to $149,99930.0%  Unlock11.3%
 $150,000 to $199,999  Unlock10.0%13.0%
 $200,000 to $299,99911.4%  Unlock20.1%
 $300,000 to $399,999  Unlock1.9%13.6%
 $400,000 to $499,9990.3%  Unlock8.3%
 $500,000 to $749,999  Unlock1.6%9.7%
 $750,000 to $999,9990.1%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.2%2.2%
 $1,500,000 to $1,999,9990.1%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
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 Housing Units By Year Built
 New Albany, INRichmond, INUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock4.4%13.6%
 2000 to 20096.1%  Unlock13.6%
 1990 to 1999  Unlock5.6%13.6%
 1980 to 19898.7%  Unlock13.2%
 1970 to 1979  Unlock12.8%14.8%
 1960 to 19696.9%  Unlock13.6%
 1950 to 1959  Unlock14.5%10.0%
 1940 to 194910.9%  Unlock4.7%
 1939 or Earlier  Unlock29.4%12.2%
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Reviews for New Albany    2 Reviews
Janet · New Albany, IN
Small town America
Over 9 years ago

I've lived in New Albany Indiana nearly six years. This town is one of the friendliest I have ever lived in. People are almost always helpful and good. Life  More

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Hazel · Burke, VA
Old city
Over 18 years ago

Many 100+ year old homes, not much to do there, close to to the Ohio River, pretty bad for allergy suffers. Schools not good. Excise tax on auto is paid every year and  More

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Reviews for Richmond    5 Reviews
MICHAEL · Richmond, IN
Has anything changes for the better yet in Richmon
Over 10 years ago

do you see any changes no and lot of people don't even vote in this poverty retirement town. most of the educated people have left Richmond and Indiana all together. Be  More

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ron · Richmond, IN
small city lots of crime
Over 12 years ago

Richmond is an attractive city for the most part, but for its population there is way to much crime. The police seem to worry more about petty issues like driving  More

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dan · Richmond, IN
whats wrong with richmond
Over 14 years ago

Richmond is a great city homes here are very reasonable to buy. We have great parks. And lots of things to do for a town our size. I was born here so were my parents and  More

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Learn More About New Albany, Indiana
Overview
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Learn More About Richmond, Indiana
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