Thinking About Moving to Richmond?
Welcoming, Connected, and Full of Character
—here’s a taste of what life looks like in Richmond.
Why People Move Here
- Affordable housing and lower cost of living
- Features historic architecture, tree-lined neighborhoods, and a downtown with unique charm
- Easy commuting to Indianapolis, Dayton, and other employment centers
- Residents appreciate Richmond’s welcoming atmosphere, neighborhood pride, and locally supported events
- Local parks, trails, golf, and seasonal recreation offer space to stay active and enjoy nature
Cost of Living & Housing Snapshot
Richmond is known for a cost of living that is often lower than many larger regional markets, with housing options that can offer strong value, more space, and accessible price points for a wide range of buyers.
Housing Overview
~$180K-210K
Median Home Price (2025 Estimate)
$800-$1,100
Median Rent
15-25% lower
Cost of Living vs National Average
Lower Than Many Markets
Property Taxes
What Your Budget Can Buy
$150K–
$225K
Starter Homes, Ranches, Condos, Value Buys
$225K–
$350K
Updated Homes, Larger Lots, Desirable Areas
$350K
and Up
Historic Estates, Luxury Homes, Acreage, Custom Builds
Frequently Asked Questions
As of March 2026, Richmond is considered a balanced market with slight buyer advantages. Home values increased by 7.27% month over month, and closings rose from 105 to 108, showing steady demand. However, Days on Market increased from 90 to 101, indicating homes are taking longer to sell and giving buyers more negotiating flexibility.
No. Based on March 2026 data, average home values increased month over month from $180,398 to $193,516, suggesting prices strengthened heading into spring.
Homes in Richmond sold in an average of 101 days in March 2026. This was slower than February, when the average was 90 days.
Like many Midwest housing markets, Richmond typically becomes more active during spring and early summer as more buyers enter the market and more homes are listed for sale.
MLS Internet Data Exchange (IDX) 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, and that the data is deemed reliable but is not guaranteed accurate by the Richmond MLS of the Indiana Board of REALTORS®.
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801 N. A Street, Richmond, IN 47374
Phone: (800) 473-0072
Licensed Real Estate Broker
State of Indiana
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