Why Live in Richmond
Richmond, located in eastern Wayne County near the Ohio border, is a city rich in history and affordable housing options. With over 35,000 residents, Richmond boasts six areas on the National Register of Historic Places, including its Historic Downtown. The city is home to four college campuses, including Earlham College, Indiana University East, Purdue Polytechnic Institute-Richmond, and Ivy Tech Community College of Indiana. Richmond offers a variety of attractions, such as the Wayne County Historical Museum and the Joseph Moore Museum, both featuring ancient Egyptian mummies. Art enthusiasts can explore works from the Richmond Group at the Richmond Art Museum. Outdoor activities are plentiful, with the Cardinal Greenway path, Glen Miller Park, and Hayes Arboretum providing trails, fishing, and educational programs. The Depot District offers dining options like Cordial Cork and Firehouse BBQ and Blues, while shopping is available in the Downtown district and Richmond Mall. The city hosts several annual events, including the Winter Meltdown Ice Festival and Oktoberfest. Richmond's housing market is notably affordable, with median single-family home prices significantly lower than the national and state averages. Home styles range from modest ranches and bungalows to Italianate and Tudor Revival homes. Richmond is safer than the national average for property crime, though residents should be aware of potential tornadoes and thunderstorms. U.S. Highways 27 and 40 intersect in the city center, and Interstate 70 runs around the outskirts, making Dayton and Indianapolis accessible within an hour's drive. The James M. Cox Dayton International Airport is 42 miles away.
Home Trends in Richmond, IN
On average, homes in Richmond, IN sell after 38 days on the market compared to the national average of 50 days. The median sale price for homes in Richmond, IN over the last 12 months is $150,900, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$150,900
Median Single Family Sale Price
$154,000
Median Townhouse Sale Price
$92,000
Median 2 Bedroom Sale Price
$146,000
Average Price Per Sq Ft
$110
Number of Homes for Sale
132
Last 12 months Home Sales
563
Median List Price
$160,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
8%
