Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Richmond area can be challenging. Home prices in New Richmond are now at a median cost of $109,432, lower than the Indiana average of $175,617.
The average cost of rent is $856/mo in New Richmond, primarily driven by the current value of real estate in the New Richmond area. While nearly 25.54% of residents own their homes outright in New Richmond, 6.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Richmond is $6,138 per month. Households that rent pay about 13.94% of their income on rent here. New Richmond's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Elmdale, IN: less expensive homes
- Wingate, IN: less expensive homes
- Linden, IN: equally priced homes
- Romney, IN: higher priced homes
- Cherry Grove, IN: higher priced homes
- Odell, IN: higher priced homes
- Wesley, IN: higher priced homes
- Newtown, IN: higher priced homes
- Waynetown, IN: equally priced homes
- Mellott, IN: higher priced homes
Cities with Similar Populations
- Ballard, WV: higher priced homes
- Balsam, NC: higher priced homes
- Barre Center, NY: equally priced homes
- Beaumont, VA: higher priced homes
- Plymouth, NY: equally priced homes
- Portsville, DE: higher priced homes
- Plattville, IL: higher priced homes
- Platte Center, NE: higher priced homes
- Pittsville, VA: higher priced homes
- Pine Valley, NY: higher priced homes
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