Housing in Richland

A typical Richland home is worth roughly $89,000

#11Lowest property tax in IN #12Most affordable in IN All IN rankings →

Typical home value

$89K

IN $260K

Estimate

2-bedroom rent

$980

a month, utilities in · HUD

Median tax bill

$543

IN $1,614

What kind of housing town is Richland?

Read from the numbers below. The page puts what stands out first.

Your money goes further66% below the Indiana typical home.Low tax bills#11 of 601 in IN for the lowest property tax bills.

★ What stands out · Affordability

A typical home costs 1.8 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$203,000

Typical Richland home $89K

That covers a typical Richland home, with $114K to spare.

The typical home, each month

$510

Loan $440Tax $50Insurance $30

A two-bedroom rents for about $980 a month here, $470 more than owning.

Where your budget reaches nearby

Niles$163K Jefferson$181K Green$142K Jackson$119K Dunkirk$140K

How Richland ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Richland’s typical property tax (0.61% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $980

Renters already here pay a median of $845, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$710

1 bedroom$760

2 bedrooms$980

3 bedrooms$1,290

4 bedrooms$1,320

25%

of households rent · IN 29%

305

renter households

53%

of renters spend 30%+ of income on rent · IN 48%

23%

of the median income, for a two-bedroom

$845

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Jay County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

75% of Richland households own their home

Half of Richland’s homes were built before 1956.

Owners and renters

Own 75%Rent 25%

Indiana: 71% own.

1956

typical home built · IN 1976

$543

median property tax bill · IN $1,614

0.61%

of a home’s value, a year in tax · IN 0.74%

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Richland vs. its neighbors

Richland is the least expensive of 6 neighboring towns. Tap one to see its housing page.

Jefferson$181K Niles$163K Green$142K Dunkirk$140K Jackson$119K Richland$89K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Richland	$89K*	—	$980	—	$50,160
Niles	$163K*	+22.2%†	$960	—	$65,750
Jefferson	$181K*	−0.5%†	$970	—	$78,500
Green	$142K*	—	$970	—	$86,719
Jackson	$119K*	+3.5%†	$960	—	$68,750
Dunkirk	$140K	+1.5%	$970	1	$46,339

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Richland buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Richland still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.