Zip Code
47374
City
Richmond, IN
Population & Migration
What is the forecasted population for Zip code 47374 Richmond, IN?
- Population census 2020
- 45,515
- Forecasted population 2025
- 44,692
- -0.02% vs. 2020
- Forecasted population 2030
- 43,795
- -0.04% vs. 2020
Zip code 47374 Richmond, IN population is forecasted to decrease -0.02% by 2025 (-6.5 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 44,692 people for 2025 zip code 47374 Richmond, IN will generate a good demand for housing, which is expected to have an excess of -842 houses for 2030. Vacancy rate is 3.4 points above national US average.
- Total homes available 2020
- 22,312
- Estimated total home demand in 2030
- 21,469
- Total homes balance inventory
- -842
Average Household Income in zip code 47374 Richmond, IN
from Internal Revenue Service
- Average household income in 2021
- $63,616
Affordability
- Affordability Index
- 2
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 47374 Richmond, IN?
County total number of drinking water violations
300
+23%
244
County total number of drinking water contaminations
8
-67%
24
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