New Richmond, IN—47967
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Richmond, IN
As of Oct '25, the median home price in New Richmond, IN is $213,000, with a year-over-year change of 6.1%. This indicates that home prices in New Richmond, IN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $213,000 | 6.1% |
| Single Family | $213,000 | 4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $231,000 | 4.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Richmond, IN
New Richmond, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Richmond, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in New Richmond, IN is 17. This is a decrease of -72.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $206,000 | -32.0% |
Listing Count | 3 | 0.0% |
| Listings as % of Homes | 0.6% | 0.0% |
Days on Market | 17 | -72.0% |
Demographics — New Richmond, IN
As of the latest ACS Survey released in 2023, New Richmond, IN has a population of 853, which has increased by 51.2% over the past 5 years. New Richmond, IN is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 11.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 853 | 51.2% |
% Under 18 | 24.5% | 13.4% |
% Seniors | 22.4% | -19.1% |
% WFH | 3.8% | 375.0% |
% w/ College Degree | 11.5% | -20.7% |
As of the latest ACS Survey released in 2023, New Richmond, IN is a predominantly white area, with 94.8% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in New Richmond, IN is hispanic, making up 3.6% of the population. Foreign-born residents account for 2.2% of the population in New Richmond, IN, and this percentage has increased by 144.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.8% | -3.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.6% | 620.0% |
% Asian | 1.1% | 120.0% |
% Foreign Born | 2.2% | 144.4% |
Mortgage and Risk — New Richmond, IN
New Richmond, IN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — New Richmond, IN
New Richmond, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 7.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | N/A | N/A | $1,200 |
| 3 Bedroom | N/A | N/A | $1,450 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — New Richmond, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $213,000 |
| Median Household Income | $80,100 |