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Real Estate Prices & Overview

Richmond West median real estate price is $166,378, which is less expensive than 67.4% of Indiana neighborhoods and 83.6% of all U.S. neighborhoods.

The average rental price in Richmond West is currently $1,084, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 86.3% of Indiana neighborhoods.

Richmond West is a suburban neighborhood (based on population density) located in Richmond, Indiana.

Richmond West real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Richmond West neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Richmond West are 3.3%, which is lower than one will find in 78.0% of American neighborhoods. Demand for real estate in Richmond West is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

One of the really interesting characteristics about the Richmond West neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 4.2% of college-friendly places to live in the state of Indiana.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Richmond West neighborhood in Richmond are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 69.5% of U.S. neighborhoods. With 13.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 56.7% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Richmond West neighborhood, 36.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 24.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (23.9%), and 15.2% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Richmond West neighborhood is English, spoken by 98.3% of households. Some people also speak Italian (3.7%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Richmond West neighborhood in Richmond, IN, residents most commonly identify their ethnicity or ancestry as German (18.8%). There are also a number of people of Irish ancestry (16.4%), and residents who report English roots (12.9%), and some of the residents are also of Italian ancestry (5.6%), along with some Polish ancestry residents (2.0%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Richmond West neighborhood spend under 15 minutes commuting one-way to work (55.0% of working residents), one of the shortest commutes across America.

Here most residents (80.6%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (11.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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