Richmond, IN — Momentum Score, Home Values & Best-For

All states·Indiana·Richmond

Wayne County · Richmond · population 35,561

AffordabilityInvestors
Richmond, IN
Image: Wikipedia · Richmond, Indiana
OverviewCost of livingMoving guide
View watchlist →
74
Rising
Momentum score · 0–100

Where Richmond stands

At or near all-time high. home values up 5.3% in the last year. averaging 7.9% annual growth over 5 years.

Median home $158,766
1-year +5.3%
5-yr CAGR +7.9%
vs 5-yr peak +0.0%
Population -0.1%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$159k$73k$104k$134k$165k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
22/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
85/100
Excellent for remote work
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent vs buy

Price-to-rent ratio: 15.1
Lean buy

At a 15.1 price-to-rent ratio, Richmond is in the 'depends on horizon' zone. Buy if you'll be there 5+ years and value flexibility on the home; rent if you might move, want zero maintenance friction, or expect rates to drop.

How the momentum score breaks down

methodology →
Home YoY
76 · w22%
Home 5-yr CAGR
78 · w22%
Distance from peak
90 · w18%
Population growth
43 · w16%
Home 10-yr CAGR
77 · w10%
Long thesis

Richmond has averaged 7.9% annual appreciation over five years and the trend is still live (+5.3% in the last 12 months). When a momentum trade keeps working, the simplest explanation is usually correct: more people want in.

Short thesis

Richmond's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About Richmond

Richmond is a city in Wayne County, Indiana, with an estimated population of 35,561. The median home value in Richmond is $158,766 as of 2026-04, up 5.3% over the last 12 months. Over the last five years, home values have averaged +7.9% annual growth, with prices at or near the 5-year peak. Rents in Richmond average $874 per month. The composite momentum score is 74 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Affordable AND rising: median home $158,766 with positive recent direction — rare combination most of the country can’t offer.
●Healthy 5-year run: +7.9% annualized over 5 years, outpacing US inflation.
●Quiet strength: +5.3% over the trailing year — not a melt-up, but the market is bid.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.

▼ Bear case

○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Richmond (Wikipedia)

Richmond is a city in eastern Wayne County, Indiana, United States. Bordering the state of Ohio, it is the county seat of Wayne County. In the 2020 census, the city had a population of 35,720. It is the principal city of the Richmond micropolitan area. Situated largely within Wayne Township, its area includes a non-contiguous portion in nearby Boston Township, where Richmond Municipal Airport is located.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for Wayne County right now.

NWS active alerts (IN)Indiana Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Wayne County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Richmond

Kokomo, IN73 · RisingSouth Bend, IN76 · RisingWabash, IN73 · RisingElkhart, IN74 · Rising

Run the numbers for Richmond

ToolCan I afford Richmond?Income → city shortlistToolROI on a Richmond rentalCap rate, cash-on-cash, DSCRToolCompare Richmond to anywhereSide-by-side up to 3 citiesToolRichmond cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
35° / 19°
avg high / low
Summer (Jul)
85° / 64°
avg high / low
Sunny days/yr
186
~51% of year
Annual precip
42″ rain
20″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
High
Wildfire
Very low
Earthquake
Low
Flood
Moderate

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Richmond listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local sports teams

Major professional teams the Richmond area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Local economy & environment

Humidity
72%
Humid climate
Median household income
$67,200
Indiana state median
Top industries (state-level)
Manufacturing (auto)HealthcareLogistics

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

Cities similar to Richmond

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