Richmond, IN

Population: 36,812
Average annual home appreciation rate: 1.52%
Total of homes for sale in this market: 142
Median home price: $80,914
Median Rent: $465 per room
Home price range: 42.32% of homes are between $47,001 – $95,000
Median sales price: NO DATA
Number of homes: 139
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 67.22% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 12.18%
Number of renters: 41.77%
Number of owner occupied: 58.24%
Number people living below poverty level: 26.73%
Unemployment rate: 7.60%
Is this area perfect for real estate deals going on right now? With the recent incline of positive appreciation in the Richmond area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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