Richmond, IN (zip code 47374) has a median housing value of $124,100 which is lower than the US median value of $338,100. However, it still experienced a higher rate of appreciation in one year with 13.04%, compared to 8.27% for the US average. This suggests that Richmond is a desirable place to buy real estate and may be a wise investment.
The median home cost in Richmond (zip 47374) is $124,100. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Richmond (zip 47374) is up 15.1%.
Average Age of Homes
- The median age of Richmond (zip 47374) real estate is 58 years old
The Rental Market in Richmond (zip 47374)
- Renters make up 33.7% of the Richmond (zip 47374) population
- 2.6% of houses and apartments in Richmond (zip 47374), 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.