Richmond, IN Real Estate

According to census data in the year 2000 there were 17,717 housing units in Richmond. This represents a 4.6% growth from 16,942 in 1990.

Of those housing units, 17,463 were located in either urbanized areas or urban clusters, and 254 were located in what is classified as a rural area.

Homeownership rate in Richmond is about 58.5%. Richmond's vacancy rate, including seasonal lodging, is about 7.8%. Average household size is 2.28 people.

The majority of houses, apartments or condos in Richmond were built after 1952.


Housing Size

Housing Units by Size
Studio Type1.90%
One Bedroom15.30%
Two Bedrooms32.70%
Three Bedrooms37.90%
Four Bedrooms10.90%
Five Bedrooms or more1.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1952
Median Value of occupied units$73,000
Median Price asked for vacant units$68,100

Rented Homes, Apartments and Condos

Average Household Size2.06
Median year structure was built1952
Median Monthly Rent asked for vacant units$393

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage8.60%
Home Equity Loan6.70%
Simple Mortgage51.20%
Debt Free33.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.5%