Markets/Indiana/Richmond

Richmond, IN Real Estate Market 2026

Investor-grade market analytics for Richmond, Indiana. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$162,545

+6.6% year-over-year

Est. Rental Yield

6.3%

gross annual

12-Month Forecast

-6.1%

base case (Zillow ZHVF)

-6.1% year-over-year

Market Momentum

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Neutral
2.1mo supply ยท Score +1/7

Migration: Top 40% nationally

Income Migration

๐Ÿ“‰ Wealth Drain0.88x

In-migrants avg $41,569 AGI vs out-migrants $47,392

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Opportunity Zone Market

1 ZIP codes in Richmond are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

Richmond Market Summary

Richmond, IN is experiencing strong growth with 6.6% year-over-year appreciation, indicating a seller's market with robust demand. Affordability remains favorable with a price-to-income ratio of 2.87x, below the national average of 4.8x. Modest net positive migration (+39 returns/year) provides steady demand support. Climate risk remains low (25/100), favorable for long-term investment stability. Rental yield of 6.31% is strong, making this market attractive for buy-and-hold investors.

Affordability

Affordability Score100/100
Price-to-Income Ratio2.9x (national avg 4.8x)
Median Household Income$56,652

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-9.2%
Base Case-6.1%
Bull Case-3.1%

Climate & Natural Hazard Risk

Richmond, IN's primary climate exposure is tornadoes (70/100). The composite climate risk score of 25/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Richmond dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.