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Redkey

Learn about the people, housing, costs and businesses in Redkey, Indiana

Median Home$121,000
Median Rent$758/month
Population1,210
Leading IndustriesInformation & Media · Manufacturing · Finance & Insurance8% information & media
Home Value Growth⬆⬆⬆+28.7% over 2 years
Retirees26% of residentsabove average nationally
Homeowners81% of occupied units
NotableAffordable Market$121k median home · lower cost than 84% of the country
NotableVeteran Community9% of residents · top 22% nationally
Redkey
IN

Frequently Asked Questions

What are today's mortgage rates in Redkey?

As of today, the 30-year fixed mortgage rate for Redkey is approximately 7.019% (7.059% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Redkey?

The median home value in Redkey is $121k. The median monthly rent is $758. Annual property taxes average $769. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Redkey?

Home values in Redkey have increased 28.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Redkey?

Based on a typical all-in ownership cost of $902/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redkey is $57k/year.

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What industries drive the economy in Redkey?

The largest employment sectors in Redkey are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.