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ZipNumbers

Indiana · Census place 63450

Redkey town, IN

Quick answer

Redkey town has 1,451 residents, ranking #281 of 976 places in Indiana. Median household income is $40,667, the median home is worth $78,300 and median gross rent runs $829 a month.

Population
1,451Redkey town residents
Median household income
$40,667Past 12 months, inflation adjusted
Median home value
$78,300Owner-occupied units
Median gross rent
$829Rent plus utilities, monthly
Median age
30.9 yrsAll residents
Homeownership rate
72%Owner-occupied households

What the numbers mean in Redkey town

Housing cost measured against local earnings.

A household earning the Redkey town median would spend about 24.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 36.8% of residents and 72% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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