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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 15.30% |
| Two Bedrooms | 32.70% |
| Three Bedrooms | 37.90% |
| Four Bedrooms | 10.90% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $73,000 |
| Median Price asked for vacant units | $68,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1952 |
| Median Monthly Rent asked for vacant units | $393 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 51.20% |
| Debt Free | 33.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
