What is the population of Redkey town?

Redkey town has 1,451 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #281 of 976 in Indiana.

What is the median household income in Redkey town?

Median household income in Redkey town is $40,667 a year, 48.2% below the national figure of $78,538.

How much does it cost to rent or buy in Redkey town?

Median gross rent is $829 a month and the median home value is $78,300, so rent absorbs about 24.5% of median household income.

Is Redkey town affordable compared with the rest of the US?

Homes cost about 1.9× the local median income here versus roughly 3.9× nationally, so Redkey town is more affordable to buy in than the typical US market, and rent takes 24.5% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Indiana · Census place 63450

Redkey, IN population, income and ZIP codes

Quick answer

The population of the city of Redkey, Indiana (Redkey, IN — Census place “Redkey town”) is 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. Looking for the Redkey Indiana ZIP code list? 1 ZIP codes serve Redkey, IN: 47373.

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

Redkey ZIP codes (Indiana)

Census ZCTAs whose delivery area overlaps Redkey.

The Redkey IN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

47373

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

Redkey town, IN in context

How this area compares with national benchmarks.

Redkey town is a small town in Indiana, with 1,451 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #281 of 976 ranked by population — larger than 71% of them. The median age here is 30.9 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Redkey town earn a median of $40,667 a year, 48.2% below the national figure of $78,538 and 34% below the $61,527 median for the 355 Indiana cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 36.8% of residents here, well above the 12.4% national rate, which is the single clearest signal in this dataset that median income here is carried by a narrow band of households.

The typical owner-occupied home in Redkey town is valued at $78,300, 74.2% below the national figure and 46% below the $145,600 peer median, while median gross rent runs $829 a month, 41% below the national figure, or roughly $9,948 across a full year. A household on the local median income would put about 24.5% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 1.9×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 72% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Indiana.

More Indiana coverage.

Frequently asked questions

Common questions about this area.

What is the population of Redkey town?: Redkey town has 1,451 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #281 of 976 in Indiana.
What is the median household income in Redkey town?: Median household income in Redkey town is $40,667 a year, 48.2% below the national figure of $78,538.
How much does it cost to rent or buy in Redkey town?: Median gross rent is $829 a month and the median home value is $78,300, so rent absorbs about 24.5% of median household income.
Is Redkey town affordable compared with the rest of the US?: Homes cost about 1.9× the local median income here versus roughly 3.9× nationally, so Redkey town is more affordable to buy in than the typical US market, and rent takes 24.5% of median income against the 30% cost-burden line.
How current is this Redkey town data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.