Housing Affordability

Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price

January 2026

19.6%

Year-over-year change

-13%

Compared to 22.5% last year

Difference from state

-40%

Compared to 32.9% in Indiana

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January 2026

19.6%

Year-over-year change

-13%

Compared to 22.5% last year

Difference from state

-40%

View source and notes...

Last update: Feb. 8, 2026, 3:44 p.m. Source: IAR Data Warehouse / American Community Survey Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average. Richmond includes Randolph County, Wayne County.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K

January 2026

78.1%

Year-over-year change

-4%

Compared to 81.2% last year

Difference from state

+66%

Compared to 47.0% in Indiana

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January 2026

78.1%

Year-over-year change

-4%

Compared to 81.2% last year

Difference from state

+66%

View source and notes...

Last update: Feb. 8, 2026, 3:32 p.m. Source: IAR Data Warehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average. Richmond includes Randolph County, Wayne County.

Demographics

Median Household Income

Adjusted to current dollars

January 2025

$61,028

Year-over-year change

+3%

Compared to $59,485 last year

Difference from state

-13%

Compared to $69,976 in Indiana

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January 2025

$61,028

Year-over-year change

+3%

Compared to $59,485 last year

Difference from state

-13%

View source and notes...

Last update: Feb. 8, 2026, 3:44 p.m. Source: American Community Survey and Bureau of Labor Statistics Employment Cost Index Data notes: The most recent income measure from the American Community Survey is adjusted by two-year change in the Employment Cost Index to adjust to current dollars. Richmond includes Randolph County, Wayne County.

Market Momentum

Price

Median Monthly Payment

For median-priced home

January 2026

$997

Year-over-year change

-13%

Compared to $1,144 last year

Difference from state

-48%

Compared to $1,920 in Indiana

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January 2026

$997

Year-over-year change

-13%

Compared to $1,144 last year

Difference from state

-48%

View source and notes...

Last update: Feb. 8, 2026, 3:32 p.m. Source: IAR Datawarehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average. Richmond includes Randolph County, Wayne County.

Median Sale Price

3-Month Rolling Median

January 2026

$135,000

Year-over-year change

-7%

Compared to $145,000 last year

Difference from state

-48%

Compared to $260,000 in Indiana

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January 2026

$135,000

Year-over-year change

-7%

Compared to $145,000 last year

Difference from state

-48%

View source and notes...

Last update: Feb. 8, 2026, 3:32 p.m. Source: IAR Data Warehouse Data notes: - Richmond includes Randolph County, Wayne County.

Sales

Closed Sales by Price

12-month rolling total

All properties, January 2026

708

+3%

Under $250K

602

-6%

At Least $250K

106

+136%

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All properties, January 2026

708

+3%

Under $250K

602

-6%

At Least $250K

106

View source and notes...

Last update: Feb. 8, 2026, 4:28 p.m. Source: IAR MLS Data Warehouse Data notes: None Richmond includes Randolph County, Wayne County.

Supply

New Listings by Price

12-month rolling total

All properties, January 2026

1,082

+9%

Under $250K

856

-1%

At Least $250K

226

+79%

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All properties, January 2026

1,082

+9%

Under $250K

856

-1%

At Least $250K

226

View source and notes...

Last update: Feb. 8, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None Richmond includes Randolph County, Wayne County.

Inventory by Price

Average daily inventory in latest month

All properties, January 2026

182

-4%

Under $250K

133

-12%

At Least $250K

49

+27%

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All properties, January 2026

182

-4%

Under $250K

133

-12%

At Least $250K

49

View source and notes...

Last update: Feb. 8, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None Richmond includes Randolph County, Wayne County.

Home price and typical payment compared to income

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Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K

Demographics

Median Household Income

Adjusted to current dollars

Market Momentum

Price

Median Monthly Payment

For median-priced home

Median Sale Price

3-Month Rolling Median

Sales

Closed Sales by Price

12-month rolling total

Supply

New Listings by Price

12-month rolling total

Inventory by Price

Average daily inventory in latest month

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