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New Richmond, IN Real Estate


According to census data in the year 2000 there were 151 housing units in New Richmond. This represents a 24.8% growth from 121 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 151 were located in what is classified as a rural area.

Homeownership rate in New Richmond is about 85.2%. New Richmond's vacancy rate, including seasonal lodging, is about 15.2%. Average household size is 2.65 people.

The majority of houses, apartments or condos in New Richmond were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom2%
Two Bedrooms37.10%
Three Bedrooms47%
Four Bedrooms13.90%
Five Bedrooms or more0%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size2.77
Median year structure was built1939
Median Value of occupied units$69,800
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size1.95
Median year structure was built1946

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.70%
Home Equity Loan13.30%
Simple Mortgage44.80%
Debt Free35.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.6%