New Richmond is older than the rest of Indiana, with a median age of 37. It's very affluent as well, with a median income of $54,188 per household. The New Richmond market is almost exclusively made up of detached homes, currently accounting for 100% overall.
Home values in New Richmond are generally in line with others in the state with a median home value of $99,500 and an average list price of $96,742.
The typical dwelling in New Richmond is a three-bedroom detached home worth about $78,500. To purchase a similar home, a buyer with good credit and a $15,700 cash down payment could obtain a mortgage with a 3.95% interest rate and a $239 monthly payment. The property tax rate is $7.96 per $1,000 of taxable assessed value.