Richmond Railroad Station Historic District, Richmond, IN
Richmond Railroad Station Historic District — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Richmond Railroad Station Historic District, Richmond, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Richmond Railroad Station Historic District Neighborhood Overview
The Richmond Railroad Station Historic District is a designated historic neighborhood in Richmond, Indiana, centered around its iconic depot. This area preserves the architectural and cultural heritage of the city's pivotal role in regional rail transportation. Residents enjoy a tangible connection to the past within a quiet, established community setting.
Lifestyle & Amenities
Life here revolves around historic preservation and a quiet, residential pace. The district itself is the primary amenity, offering a unique sense of place and architectural charm. Residents are within a short drive of downtown Richmond's shops, restaurants, and cultural institutions.
Real Estate Market
The real estate market here is notably affordable, with a median home value of $116,100 and a median monthly rent of $795. A solid majority of residents are homeowners, reflected in a 63% homeownership rate. Properties tend to move slowly, with an average of 395 days on market, indicating a stable, low-turnover environment.
Schools & Education
Families in the district are served by the Richmond Community Schools district. The neighborhood's central location provides convenient access to educational facilities. Higher education options include nearby Indiana University East and Ivy Tech Community College.
Transportation & Connectivity
The historic railroad station symbolizes the area's long-standing connectivity, though passenger rail service is no longer active. Major roadways like U.S. Route 40 and Interstate 70 provide easy access to the broader region. The district's walkable streets and central location make local trips convenient.
Why Choose Richmond Railroad Station Historic District
This neighborhood is ideal for those seeking historic character, affordability, and a stable community. The combination of a median household income of $50,880 and low home prices creates an accessible entry point into homeownership. It offers a unique, quiet lifestyle steeped in local history just minutes from urban amenities.
Richmond Railroad Station 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 Railroad Station Historic District, Richmond
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Richmond Railroad Station 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