Rental numbers for the Richmond, IN metro
The typical home here runs -$561 a month at 7.78% with 25% down, breaking even at about 0.5%. 0 of 1 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.5%.
- Gross yield
- 6.2%
- typical home, Zillow
- Median ZIP yield
- 6.5%
- 1 ZIPs with full data
- Cash flow
- -$561/mo
- at 7.78%, 25% down
- Typical price
- $178,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $917/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
9 with published figures
| 47374Richmond | $165,000 | $892 | 6.5% | 2.9% | -$486 | +9.1% |
| 47393Williamsburg | $260,000 | $1,340* | 6.2% | 3.0% | -$750 | n/a |
| 47327Cambridge City | $186,000 | $960* | 6.2% | 2.7% | -$587 | n/a |
| 47330Centerville | $221,000 | $1,020* | 5.5% | 2.3% | -$766 | n/a |
| 47346Hagerstown | $217,000 | $960* | 5.3% | 2.1% | -$794 | n/a |
| 47357Milton | $218,000 | $960* | 5.3% | 2.1% | -$793 | n/a |
| 47339Economy | $240,000 | $1,050* | 5.3% | 2.1% | -$866 | n/a |
| 47341Fountain City | $233,000 | $960* | 4.9% | 1.7% | -$925 | n/a |
| 47345Greens Fork | $253,000 | $970* | 4.6% | 1.4% | -$1,067 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +6.4%
- Rent, 12 months
- +8.6%
- Rent minus price growth
- +2.3 pts
- Property tax
- 0.85%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $126,429 | n/a |
| Aug 2022 | $140,337 | n/a |
| Aug 2023 | $146,931 | $765 |
| Aug 2024 | $155,256 | $802 |
| Aug 2025 | $167,716 | $844 |
| Aug 2026 | $178,377 | $917 |
Counties
- Wayne County, IN6.5% median yield
Tools
Questions
- Is the Richmond, IN metro good for rental property?
- The typical home here runs -$561 a month at 7.78% with 25% down, breaking even at about 0.5%. 0 of 1 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.5%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Richmond, IN metro have the highest rental yield?
- 47374 (Richmond) at 6.5%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.