Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.9 yrs |
|---|---|
| Avg HH Size | 2.70 |
| Below Poverty | 3.3% ▼ 67% below avg |
| College Grads | 27.7% ▼ 29% below avg |
| Unemployment | 8.8% ▲ 79% above avg |
| No HS Diploma | 1 (0.2%) |
| HS Graduate | 245 (46.4%) |
| Some College | 57 (10.8%) |
| Associates | 79 (15%) |
| Bachelors | 80 (15.2%) |
| Graduate Degree | 66 (12.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $80,139 ≈ Avg |
|---|---|
| Median Home Value | $119,600 ▼ 57% below avg |
| Home/Income Ratio | 1.5x (nat avg ~3.5x) |
| Median Rent | $1,063/mo |
| Total Housing Units | 329 |
| Vacant Units | 13 |
Income Distribution
How People Get to Work
Commute Time
Year Built
New Richmond is a city in Indiana, located in Montgomery County. The city spans 1 ZIP code and is home to approximately 853 residents. It is a middle-aged city, with a median age of 40.9 years.
Economically, New Richmond is a middle-income community. The median household income of $80,139 is near the national average. Approximately 3.3% of residents live below the poverty line. The unemployment rate is 8.8%, significantly above the national average.
The real estate market in New Richmond is one of the more affordable housing markets in the country. Median home values stand at $119,600, which is well below the national average. Renters typically pay around $1,063 per month. Homeownership is high at 95.9%, typical of suburban and family-oriented communities.
The population of New Richmond is moderately educated. 27.7% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (94.84%).
New Richmond, IN offers residents above-average earning potential within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47967 | 853 | $80,139 | $119,600 | $1,063 | 8.8% | 27.7% | 95.9% |