Richmond, IN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Richmond short-term rental market based on reliable data.
Listings
47 / 86
Reliable / Active
Cap Rate
15%
Middle-Earners Gross Yield
Revenue
$22,410
Middle-Earners Revenue
Occupancy
58%
Middle-Earners Occupancy
Home Value
$150,497
Median Home Sale Price
Top Earners
$38,809
Top-Earners Revenue
Richmond
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Richmond.
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Challenging to Investors
Richmond Regulations
STRs appear allowed under Indiana state law, but Richmond, IN lacks clear city-level rules; investors must navigate zoning, permits, taxes, and enforcement with limited guidance, raising compliance uncertainty and investment risk.
Local STR Agent
STR specialist · Richmond, IN
About Richmond
Richmond () is a city in eastern Wayne County, Indiana, United States. Bordering the state of Ohio, it is the county seat of Wayne County. In the 2020 census, the city had a population of 35,720. It is the principal city of the Richmond micropolitan area. Situated largely within Wayne Township, its area includes a non-contiguous portion in nearby Boston Township, where Richmond Municipal Airport is located. Richmond is sometimes called the "cradle of recorded jazz" because the earliest jazz recordings and records were made at the studio of Gennett Records, a division of the Starr Piano Company. Gennett Records was the first to record such artists as Louis Armstrong, Bix Beiderbecke, Jelly Roll Morton, Hoagy Carmichael, Lawrence Welk, and Gene Autry. The city has twice received the All-America City Award, most recently in 2009.