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New Richmond town, IN

ZIP 47967 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 47967

Median Home Value
$119,600
Median Rent
$625
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$768/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 47967 in New Richmond town, IN, a household would need roughly $33,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $768. That sits below the local median household income ($80,139), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
95.9%+47% vs US avg
x
Vacancy Rate
4.0%-62% vs US avg
x
Broadband Access
93.3%+7% vs US avg
x
4+ Bedrooms
15.2%+3% vs US avg
x
Built Pre-1939
2.1%-83% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
39.6%+4% vs US avg
x
$119,600
Home Value
$625
Rent
1938
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached96.7%
  • 1-unit attached0.6%
  • 2-9 units1.5%
  • 10+ units0.0%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$119,600
Median rent$625
Owner-occupied95.9%
Vacant4.0%
Price-to-income1.5x
Est. income to buy$33,000