House Prices

House Prices & Home Values Richmond, IN 2026


Average Data

average house price$119,154
average size per house1605 ft²
average price per ft²75 $ / ft²

04/15/2026 - The value range (VR) for house prices in Richmond, IN is $67/ sqft to $67/ sqft. An average home with 1605 sqft costs approximately $107,535 to $107,535. Richmond, IN includes 1 ZIP codes and it is located in Wayne county. The lowest prices are found in ZIP 47374, while the highest are in ZIP 47374. The average price per sqare feet is $75. Our analysis is based on 15 property listings.

Avergage prices by ZIP codes Richmond

4737473 $ / ft²




Historical development of home values in Richmond

Year Estimated value (USD) Change vs. 2025
2010 $55,337 -53.6%
2011 $53,197 -55.4%
2012 $53,054 -55.5%
2013 $55,037 -53.8%
2014 $57,774 -51.5%
2015 $60,739 -49.0%
2016 $63,909 -46.4%
2017 $67,358 -43.5%
2018 $71,082 -40.3%
2019 $74,378 -37.6%
2020 $78,223 -34.4%
2021 $88,970 -25.3%
2022 $103,719 -13.0%
2023 $109,377 -8.2%
2024 $115,705 -2.9%
2025 $119,154 0.0%

Graph: estimated home values in Richmond over time (USD)



Example: 100% financing house in Richmond

Loan amount: $119,154

Interest rate: 6.00%

Fixed monthly payment: $714.39

Breakdown in the 1st month:
Interest portion: $595.77  –  Principal portion: $118.62

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,109.44 $1,463.23 $117,690.77
2 $7,019.19 $1,553.47 $116,137.30
3 $6,923.37 $1,649.29 $114,488.01
4 $6,821.65 $1,751.01 $112,737.00
5 $6,713.65 $1,859.01 $110,877.99
6 $6,598.99 $1,973.67 $108,904.32
7 $6,477.26 $2,095.40 $106,808.91
8 $6,348.02 $2,224.64 $104,584.27
9 $6,210.81 $2,361.85 $102,222.42
10 $6,065.13 $2,507.53 $99,714.89
11 $5,910.47 $2,662.19 $97,052.70
12 $5,746.28 $2,826.38 $94,226.32
13 $5,571.95 $3,000.71 $91,225.61
14 $5,386.87 $3,185.79 $88,039.82
15 $5,190.38 $3,382.28 $84,657.54
16 $4,981.77 $3,590.89 $81,066.65
17 $4,760.29 $3,812.37 $77,254.28
18 $4,525.15 $4,047.51 $73,206.77
19 $4,275.51 $4,297.15 $68,909.62
20 $4,010.47 $4,562.19 $64,347.43
21 $3,729.09 $4,843.57 $59,503.86
22 $3,430.35 $5,142.32 $54,361.54
23 $3,113.18 $5,459.48 $48,902.06
24 $2,776.45 $5,796.21 $43,105.85
25 $2,418.95 $6,153.71 $36,952.14
26 $2,039.41 $6,533.26 $30,418.89
27 $1,636.45 $6,936.21 $23,482.67
28 $1,208.64 $7,364.02 $16,118.65
29 $754.44 $7,818.22 $8,300.43
30 $272.23 $8,300.43 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Richmond, IN


1500 sqft3900 sqft
Ø selling price$136,126$289,575
Ø fast selling$123,751$260,618
Ø high price sale$148,500$318,533

In 2026, houses in Richmond, IN will be offered at an average price of $75 per square foot. A 1,500 sqft home priced at $136,126 is 24.82% more expensive per square foot than a 3,900 sqft home priced at $289,575. Home prices in Richmond, IN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $200,476. Sellers who can wait longer may achieve a higher price of up to $245,026.


Experience Richmond, IN

Overview

Richmond, IN is a historic gateway city on the Indiana?Ohio border in the scenic Whitewater Valley.

Known for its Quaker heritage and vibrant arts scene, Richmond, Indiana blends small-town charm with modern amenities.

Its strategic location along Interstate 70 makes it an accessible stop for Midwest road trips and weekend getaways.

Top Attractions and Culture

Visitors find plenty of things to do in Richmond, IN, from the Wayne County Historical Museum to the Starr-Gennett site celebrating America?s jazz roots.

The city?s music legacy shines at the Gennett Walk of Fame, where legends like Louis Armstrong and Hoagy Carmichael are honored.

Strolling downtown Richmond reveals restored architecture, local galleries, and the popular Antique Alley shops.

Outdoor Recreation

Nature lovers enjoy the Whitewater Gorge Trail, Glen Miller Park, and serene lakes ideal for walking, biking, and family picnics.
The Cardinal Greenway connects Richmond to a wider regional trail network, offering scenic miles for cyclists and runners.

Education and Economy

Home to Earlham College and regional campuses, the city fosters research, innovation, and a welcoming collegiate spirit.

A diversified economy anchored by healthcare, advanced manufacturing, and small businesses supports ongoing downtown revitalization and quality of life.



FAQ – Home Values in Richmond

What is the median home value in Richmond in 2026?

In 2026, the typical home value in Richmond is about $119,154 for an average home size of 1605 square feet. This corresponds to an average price of roughly $75 per square foot.

What is the average cost per square foot in Richmond?

In 2026, homes in Richmond sell for an average of around $75 per square foot, with a typical range between $67 and $67 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Richmond is about 1605 square feet, with an estimated 2026 value around $119,154.



Locations close to Richmond, IN

Ridgeville, IN46 $ / ft²
Salamonia, IN39 $ / ft²
Saratoga, IN45 $ / ft²
Redkey, IN62 $ / ft²
Portland, IN75 $ / ft²
Pennville, IN55 $ / ft²
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