Zip 47373 (Redkey, IN) Housing

The housing market in 47373 Redkey, IN is quite promising compared to the national average. The median value of a house in Redkey is $96,400, which is significantly lower than the US median value of $338,100. This difference provides an excellent opportunity for buyers looking for more affordable housing options. Moreover, the one-year appreciation rate of 13.04% in Redkey suggests that there is considerable growth potential in this area even higher than the national rate of 8.27%. This makes it an attractive place to invest and purchase a home.

The median home cost in Redkey (zip 47373) is $96,400. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Redkey (zip 47373) is up 15.1%.

Average Age of Homes

- The median age of Redkey (zip 47373) real estate is 74 years old

The Rental Market in Redkey (zip 47373)

- Renters make up 18.7% of the Redkey (zip 47373) population
- 1.0% of houses and apartments in Redkey (zip 47373), 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	Redkey, Indiana	United States
	933.0	139,647,020.0
	67	42
	$96,400	$338,100
	15.1%	16.6%
	51.5%	57.0%
	73.6%	101.1%
	$5.71	$10.98
	$525	$2,690
	72.3%	57.4%
	6.4%	11.2%
	21.2%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	5.5%	4.1%
Value of Owner-Occupied Housing
	6.5%	2.6%
	8.3%	2.4%
	11.0%	2.8%
	22.7%	3.9%
	4.4%	4.5%
	16.0%	11.3%
	12.0%	13.0%
	11.4%	20.1%
	3.1%	13.6%
	1.5%	8.3%
	1.8%	9.7%
	1.3%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	5.8%	13.6%
	5.8%	13.6%
	17.8%	13.6%
	4.2%	13.2%
	5.3%	14.8%
	17.8%	13.6%
	13.5%	10.0%
	4.1%	4.7%
	40.0%	12.2%

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