According to statistics, the population in Richmond, IN amounts to 35,819, which shows decline -1% compared to the previous year. The median age of the city’s residents is 39. The average household income is $33,381, shifting growth 8% from the past year, and the average property value in Richmond, IN growth 4% to $85,300 throughout the year.
|Number Of Employees||14,814|
|Median Property Value||$85,300|
The average household income in Richmond, IN grew from $30,844 to $33,381 in the past year. This data is an estimate based upon 14,421 households in Richmond, IN . The chart below presents how household income is distributed in Richmond, IN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Richmond, IN shifted from $81,900 to $85,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Richmond, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Richmond, IN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Richmond, IN compared to median property taxes around the country. The prevalent amount of property taxes in Richmond, IN equals $800, which is less than the national average.
During Jan 2023, the average price for an apartment in/near Richmond, IN increased by 23.7% to $178,387.
Knowing the current property prices is key if you plan to buy a studio in Richmond, IN. The average price for a studio has increased since the last month, currently being $272,225. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 47.9% to $36,450. Asking price for 2-bed apartment also increased by 70.2% and a place of this size will now cost you $125,550. A 3-bed apartment goes for $156,503, it increased by 8.7% lately. We discerned the rise of 4- and more bed apartment price. It increased by 40.8% and made it up to $253,716.
While assessing the property pricing Richmond, IN, you can note that it remains flat with a price tag of $39,900. Price reports demonstrate that house price increased by 20.9% this month making it up to $170,519. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $124,900. The average price of the land for sale in Richmond, IN has increased by 71.8%, and now equals $329,966.