Richmond Downtown Historic District, Richmond, IN
Richmond Downtown Historic District — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Richmond Downtown Historic District, Richmond, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Richmond Downtown Historic District Neighborhood Overview
The Richmond Downtown Historic District is the vibrant, walkable heart of Richmond, Indiana. Centered in ZIP code 47374, this area is defined by its beautifully preserved 19th and early 20th-century architecture, which creates a charming and authentic streetscape. It serves as the cultural and civic core for the wider community, offering a unique blend of history and modern living.
Lifestyle & Amenities
Residents enjoy immediate access to a variety of local shops, restaurants, cafes, and professional services right outside their doors. The district is home to significant cultural venues like the historic Murray Theatre and is often the site of community festivals and events. This central location provides a lively, pedestrian-friendly lifestyle where daily errands and entertainment are just a short walk away.
Real Estate Market
The real estate market here features a median home value of $116,100, making it an affordable entry point into a historic neighborhood. Properties, which include converted lofts and classic homes, move quickly with an average of just 9 days on market, indicating high demand. The homeownership rate is a solid 63%, and the median monthly rent is $795.
Schools & Education
The Richmond Downtown Historic District is served by the Richmond Community Schools district. Families in the area have access to the public school system for their educational needs. Proximity to downtown also places residents close to the main library and other community learning resources.
Transportation & Connectivity
With its central location, the district offers excellent walkability for daily needs and is well-served by local road networks, including U.S. Route 40 and State Road 227. Public transportation options are available for connectivity throughout the city. For longer travel, Richmond is conveniently situated near Interstate 70, providing direct access to Indianapolis and Dayton.
Why Choose Richmond Downtown Historic District
This neighborhood is ideal for those seeking an affordable, authentic urban lifestyle rich in history and community character. The combination of a fast-moving market, a median household income of $50,880, and a low cost of living presents a compelling value proposition. Choosing to live here means investing in a walkable, culturally vibrant community at the center of city life.
Richmond Downtown Historic District Market Data
| Metric | Value |
|---|---|
| Median Home Price | $116K |
| Median Gross Rent | $795/mo |
| Median Household Income | $51K |
| Homeownership Rate | 62.9% |
| Renter-Occupied | 37.0% |
| Rental Vacancy Rate | 5.7% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP Code | 47374 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Richmond Downtown Historic District, Richmond
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Richmond Downtown Historic District, Richmond, IN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12