Richmond Metro Area, IN Housing

The housing market in the Richmond, IN Metro Area has been consistently growing over the past year. The median value of homes is currently $137,200, which is significantly lower than the national median of $338,100. Despite this difference, the 1 year appreciation of homes in this area stands at 9.06%, which is higher than the US average of 8.27%. This indicates that investing in real estate in Richmond, IN Metro Area would be a worthwhile option to consider.

The median home cost in Richmond Metro Area is $137,200. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Richmond Metro Area is up 15.1%.

Average Age of Homes

- The median age of Richmond Metro Area real estate is 58 years old

The Rental Market in Richmond Metro Area

- Renters make up 29.3% of the Richmond Metro Area population
- 2.1% of houses and apartments in Richmond Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Richmond, Indiana	United States
	30,798.0	139,647,020.0
	61	42
	$137,200	$338,100
	15.1%	16.6%
	51.5%	57.0%
	73.6%	101.1%
	$8.99	$10.98
	$948	$2,690
	59.2%	57.4%
	12.9%	11.2%
	27.9%	31.4%
Vacant Housing
	2.1%	1.9%
	0.2%	0.4%
	0.9%	0.7%
	0.5%	0.4%
	0.6%	3.6%
	8.6%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	5.7%	2.4%
	8.0%	2.8%
	15.3%	3.9%
	14.3%	4.5%
	25.1%	11.3%
	14.0%	13.0%
	8.2%	20.1%
	2.3%	13.6%
	0.8%	8.3%
	1.6%	9.7%
	0.4%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.9%	13.6%
	5.9%	13.6%
	7.6%	13.6%
	6.0%	13.2%
	13.1%	14.8%
	7.6%	13.6%
	13.9%	10.0%
	7.8%	4.7%
	28.3%	12.2%

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