Most Affordable ZIP Codes in Richmond, IN (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 47374 | Richmond, IN | $162,146 | $860 | 4.14% | 7.6% |
| 2 | 47346 | Hagerstown, IN | $213,434 | $864 | 3.16% | 7.4% |
| 3 | 47357 | Milton, IN | $215,154 | $864 | 3.13% | 7.6% |
| 4 | 47330 | Centerville, IN | $218,627 | $918 | 3.28% | 8.0% |
| 5 | 47341 | Fountain City, IN | $229,065 | $864 | 2.94% | 7.6% |
| 6 | 47339 | Economy, IN | $234,652 | $945 | 3.14% | 8.4% |
| 7 | 47345 | Greens Fork, IN | $250,380 | $873 | 2.72% | 8.4% |
| 8 | 47393 | Williamsburg, IN | $254,738 | $1,206 | 3.69% | 7.5% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Richmond, IN · Appreciation in Richmond, IN
Or see the full Richmond, IN metro profile.