Richland, Indiana.
Typical home $183,161 (+2.0% in a year).
to buy the typical home at today's mortgage rate — +$532 (+124%) since Jan 2020.
- 1 year
- Up $3,648 +2%
- $179,513$183,161 since Sep 2025
- 5 years
- Up $39,932 +28%
- $143,229$183,161 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Richland$961
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Richland, IN rose 2.0% over the past year — faster than the nation's +1.2%.
Living in Richland, Spencer County, Indiana
Richland is a town of 403 people in Spencer County. 88% of its homes are lived in by their owners and 12% are rented. Unemployment in Spencer County was 3.1% in August 2026, and the county had 1.7% fewer jobs in 2025 than the year before. The most people in Spencer County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Richland is a very small town in Spencer County, Indiana, and nearly all of its homes are lived in by their owners. Typical home values are modest, and the share of residents living below the poverty line is a little higher than many might expect for a place this size. Few adults hold a four-year degree, and almost no one works from home.
Work. Residents work mostly in schools, hospitals and social care, followed by manufacturing, shops, and transport, warehouses and utilities. The commute is on the long side, which suggests many people drive some distance to their jobs. Across Spencer County, the largest workplaces include Cleveland Cliffs, North Spencer County Sch Schools and Spencer Industries Incorporated - Dale Location, and the county has lost a small number of jobs over the past year.
Things to do. The nearest attraction is the Yankeetown Site, an archaeological site a short drive away. Farther afield, a longer drive brings you to the Lincoln Boyhood National Memorial, a protected area, and to Holiday World & Splashin' Safari, an amusement park. Winters are cold with some snow, summers are warm, and the year brings plenty of rain, so outings suit the milder seasons best.
Report a mistake
- 240households
- 13%of adults have a degree
- 11%below the poverty line
- 34 mintypical commute
- 1%work from home
What people in Spencer County work in
Employed residents by industry, from the Census survey. Spencer County had 6,874 jobs in 2025, 1.7% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 42° and lows near 25°; warmest in July, with highs near 89° and lows near 68°. About 11 inches of snow and 51 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Boonville 1S weather station, 8 miles away (NOAA).
Largest workplaces in Spencer County
- Cleveland CliffsBars, steel, made in cold rolling mills made from purchased steel511
- North Spencer County Sch Corp SchoolsSchool district282FTE
- Spencer Industries Incorporated - Dale LocationAwnings, rigid plastics or fiberglass, manufacturing209
- American Electric Power158
- Automated Routing, Inc. MainPanels, softwood plywood, manufacturing113
- Time Dedicated Carriers96
- Parker- MeggittAircraft engine and engine parts manufacturing94
- South Spencer County Sch Corp SchoolsSchool district93FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 16 workplaces with 20 or more staff, 1,639 people in all across the county; Richland has none of its own. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- Ice stormsRelatively high
- EarthquakesRelatively high
- TornadoesRelatively high
- Winter weatherRelatively high
- DroughtRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Richland’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Spencer County.
Richland home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Richland$183,161
- Indiana$257,165
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Richland8
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Richland address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Richland — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.