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Richmond IN Commercial Properties For Sale

The median home value in Richmond, IN is $126,700. This is lower than the county median home value of $137,200. The national median home value is $338,100. The average price of homes sold in Richmond, IN is $126,700. Approximately 47.11% of Richmond homes are owned, compared to 37.27% rented, while 15.62% are vacant. Richmond real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Richmond real estate agent to arrange a tour today!

Learn More About Richmond Real Estate

Statistics & facts

35,854 Population
$126K Medium Home Value
14,633 # of Households
15.62% Housing Vacancy
32.56% Future Job Growth
3.00% Unemployment Rate

Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, albertw.page@xome.com, 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. Copyright 2025 Terre Haute Area Association of REALTORS, Inc. All rights reserved.

Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, albertw.page@xome.com, 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX information provided by the Indiana Regional MLS. Copyright 2025 Indiana Regional MLS. All rights reserved.

Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, albertw.page@xome.com, 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

Listings courtesy of MIBOR as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.


Population

Richmond has a population of approximately 35,854 and experiences a population change rate of -8.36%. The population density is 1,494.1 / sq mi.

Household

The median household income for Richmond is $41,569, with 14,633 households and an average household size of 2.27.

Cost of Living

The cost of living index in Richmond is 71.8%.

Home Value

The median value of a home in Richmond is $126,700 with an appreciation rate of 15.1%. 47.1% of housing in the city is owned while 37.3% is rented.

Employment

The unemployment rate in Richmond is 3.00%, and recent job growth is at 1.26%. Future job growth is projected at 32.56%.

Taxes

The sales tax rate in Richmond is 7.00%, while the income tax rate is 3.23%.

Education

School expenditures in Richmond are $11,238, and the school ratio is 15:1.

Weather

The average high temperature in July is 84 degrees, with an average low temperature in January of 17.7 degrees. The average rainfall is approximately 41.5 inches per year, with 17 inches of snow per year.

Education near Richmond IN

Metric City County
High School Graduates 86.48 88.16
College Degree - 2 year 8.96 9.6
College Degree - 4 year 19.85 19.44
Graduate Degree 5.44 5.37
Expenditures per Student $11,238 $11,238
Students per Teacher 15.00 15.00

Elementary Schools near Richmond IN

School Grades Students P/T Ratio ZIP
Centerville-Abington Elementary School 03 - 06 554 20.1 47330
Charles Elementary School PK - 04 498 15.1 47374
Crestdale Elementary School PK - 04 483 16.7 47374
Elizabeth Starr Academy PK - 04 384 14.8 47374
Fairview Elementary School PK - 04 308 12.8 47374
Liberty Elementary School KG - 05 342 15.6 47353
Northeastern Elementary School PK - 05 551 19 47341
Randolph Southern Elementary School KG - 06 242 13 47355
Rose Hamilton Elementary School PK - 02 456 18.6 47330
Vaile Elementary School PK - 04 343 13.7 47374
Westview Elementary School PK - 04 329 14.9 47374

Middle Schools near Richmond IN

School Grades Students P/T Ratio ZIP
Centerville-Abington Junior High School 07 - 08 258 14.3 47330
Dennis Intermediate School 05 - 08 712 11.1 47374
Northeastern Middle School 06 - 08 269 9.6 47341
Test Intermediate School 05 - 08 722 12 47374
Union County Middle School 06 - 08 341 17.9 47353

High Schools near Richmond IN

School Grades Students P/T Ratio ZIP
Centerville Senior High School 09 - 12 521 16.3 47330
Northeastern High School 09 - 12 436 13.6 47341
Randolph Southern Junior/Senior High School 07 - 12 241 11.5 47355
Richmond High School 09 - 12 1420 15.1 47374
The Excel Center - Richmond 09 - 12 296 26.6 47374
Union County High School 09 - 12 492 15.4 47353

Ungraded Schools near Richmond IN

School Grades Students P/T Ratio ZIP
Community Youth Services KG - 12 99 9 47374