RentDataNowRentDataNow
ZIP Code · IN

ZIP 47374

Part of Richmond, IN
Pop. 44,615·Wayne County·139th most expensive ZIP in Indiana
Median rent (all units)
$870/mo
Year-over-Year
Stable
Month-over-Month
-0.9%
vs US Median
-$1,095
Falling (Monthly)
Be the first to discuss 47374 rents ↓
Most AffordableMost Expensive
ZIP 47374 · $870
More affordable than 99% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$730
1 BR
$740
2 BR
$970
3 BR
$1,210
4 BR+
$1,480
Research median
$970/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$10,440/yr
At $870/mo median
Location
StateIN
CountyWayne County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, -0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 47374 (Richmond, IN) is majority owner-occupied, has a large retiree population, has a median income below the national average, 21.4% of residents hold a bachelor's degree or higher.

Population
44,615
Median income
$50,766
Median age
40.8
Renters
36%
Age distribution
21.7%
21.7%
22.7%
13%
20.9%
Under 1821.7%
18–3421.7%
35–5422.7%
55–6413%
65+20.9%
Gender
48%
52%
Male48%
Female52%
Race & ethnicity
82.3%
White82.3%
Black5.6%
Hispanic4.6%
Asian1.3%
Other6.2%
Education (25+)
12.7%
34.4%
31.5%
21.4%
No HS diploma12.7%
HS diploma34.4%
Some college31.5%
Bachelor's+21.4%
Housing tenure
64%
36%
Owner64%
Renter36%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 47374 in Richmond, IN has changed in 5 years

Income
$45,517 → $50,766
up 11.5%
Population
45,433 → 44,615
down 1.8%
Renter share
37.7% → 36%
-1.7 pts
Bachelor's+
20.4% → 21.4%
+1.0 pts

On the earnings side, the typical household in ZIP 47374 in Richmond, IN now reports about $50,766, up from $45,517 in 2021. The population has contracted by 1.8% since 2021, moving from about 45,433 residents to roughly 44,615. Renters now make up 36% of households, compared with 37.7% five years ago.

Community

Discussions about ZIP 47374

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 47374

About renting in ZIP 47374

Last updated: July 20, 2026

ZIP code 47374 covers Richmond, IN. The median rent here is $870/mo as of July 2026. A 1-bedroom rents for a median of $740/mo. A 2-bedroom rents for a median of $970/mo.

At 21% of local median household income ($50,766/yr), ZIP 47374 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 47374?

As of July 20, 2026, the median monthly rent in ZIP 47374 (Richmond, IN) is $870. This is based on aggregated data from public sources and community submissions.

How does ZIP 47374 rent compare to the US average?

ZIP 47374's median rent of $870/mo is $1,095 (56%) below the US national median of $1,965/mo.

How does ZIP 47374 compare to other ZIPs in Indiana?

ZIP 47374 is among the more affordable ZIP codes in Indiana, ranking #139 out of 144 ZIPs at $870/mo.

How much income do you need to rent in ZIP 47374?

To keep rent at or below 30% of gross income, you would need to earn at least $35,000/year (~$17/hour full-time) to afford the median rent of $870/mo in ZIP 47374. The local median household income is $50,766/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 47374?

Rent in ZIP 47374 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 47374 an affordable place to rent?

ZIP 47374 is considered very affordable for renters. At $870/mo, rent takes approximately 21% of the local median household income ($50,766/yr). The standard benchmark is 30%. ZIP 47374 falls comfortably within that range.

What percentage of ZIP 47374 residents rent vs. own?

According to Census data, approximately 36% of ZIP 47374 households are renters, while 64% are owner-occupied. ZIP 47374 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 47374 compare to the rest of Richmond?

ZIP 47374 sits right at the Richmond citywide median of $870/mo.

When was rent data for ZIP 47374 last updated?

Rent data for ZIP 47374 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $870/mo, rent takes ~21% of ZIP 47374's median household income ($50,766/yr). The standard benchmark is 30%.

ZIP 47374 21%Benchmark 30%
State income tax3.05%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 47374 (Richmond, IN)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.