HomeIndianaMontgomery CountyNew Richmond town
New Richmond town, Indiana: commercial real estate data.
New Richmond town is a Census town of 433 people across 0.19 square miles of land, in Montgomery County. Median household income is $80,329, 90.6 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $440,000.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
This is a small place, and the figures below carry wide margins.
The American Community Survey reaches New Richmond through a sample, not a count, and in a place this size that sample is thin. The population estimate here is 433 with a margin of error of plus or minus 230, which is 53.1 percent of the estimate itself. Every figure whose margin reaches 20 percent is printed with that margin beside it, so you can see the width of each one rather than having to assume it.
Nothing has been removed or adjusted. These are the published federal estimates, shown with the uncertainty the Census publishes alongside them.
New Richmond
What New Richmond is
- Census place typetown
- Land area0.19 sq mi
- Water area0 sq mi
- Population per square mile of land2,253 plus or minus 1,197
- County holding the largest share of its areaMontgomery County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Richmond
How many people live in New Richmond
- Population433 plus or minus 230
- Median age37.7 plus or minus 8.5
- Population under 18111 plus or minus 58
- Share under 1825.6 percent plus or minus 19.0
- Population 65 and over53 plus or minus 25
- Share 65 and over12.2 percent plus or minus 8.7
- Households160 plus or minus 64
- Family households107 plus or minus 57
- Share of households that are families66.9 percent plus or minus 23.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Richmond
Income and work in New Richmond
- Median household income$80,329
- Per capita income$24,575 plus or minus $8,664
- Civilian labor force201 plus or minus 84
- Employed194 plus or minus 83
- Unemployed7 plus or minus 6
- Unemployment rate3.5 percent plus or minus 2.6
- Adults 25 and over275 plus or minus 106
- Adults 25 and over with a high school diploma or higher77.8 percent plus or minus 36.0
- Adults 25 and over with a bachelor degree or higher11.3 percent plus or minus 6.9
- Adults 25 and over with a graduate degree2.2 percent plus or minus 5.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Richmond
Housing in New Richmond
- Housing units168 plus or minus 64
- Occupied units160 plus or minus 64
- Vacant units8 plus or minus 10
- Vacancy rate4.8 percent plus or minus 5.7
- Owner occupied145 plus or minus 66
- Renter occupied15 plus or minus 13
- Ownership rate90.6 percent plus or minus 19.7
- Median owner-occupied home value$89,200 plus or minus $29,529
- Median gross rent, monthly$875 plus or minus $347
- Annual rent as a share of median income13.1 percent plus or minus 5.5
- Single family units159 plus or minus 64
- Share single family94.6 percent
- Units in buildings of two or more5 plus or minus 15
- Share in buildings of two or more3.0 percent plus or minus 9.0
- Mobile homes4 plus or minus 5
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Richmond
How New Richmond gets to work
- Workers 16 and over who commute160 plus or minus 66
- Commuting under 15 minutes7 plus or minus 7
- Share commuting under 15 minutes4.4 percent plus or minus 4.2
- Commuting 30 minutes or more105 plus or minus 57
- Share commuting 30 minutes or more65.6 percent plus or minus 23.3
- Drove alone82.5 percent plus or minus 17.7
- Carpooled10.5 percent plus or minus 9.7
- Public transport0.0 percent
- Walked0.6 percent plus or minus 1.1
- Worked from home6.4 percent plus or minus 5.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Richmond
SBA loans in New Richmond (7(a))
- Approvals2
- Gross approval$440,000
- Average approval$220,000
- Median approval$400,000
- Ninetieth percentile approval$400,000
- Largest approval$400,000
- Jobs supported16
- Jobs per approval8.0
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term108 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
A charge-off rate is not published here. only 2 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Montgomery County, not New Richmond
Montgomery County context, not New Richmond figures
These are Montgomery County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New Richmond measurements.
- Establishments in Montgomery County882
- Employment at those establishments, Montgomery County14,331
- Covered employment, Montgomery County15,655
- Average annual pay, Montgomery County$57,386
- Average weekly wage, Montgomery County$1,104
- Housing units permitted, Montgomery County52
- Of those, single family, Montgomery County52
- County product, 2024, Montgomery County$2,228,402,000
- County product change over the prior year, Montgomery County-1.2 percent
- Average income of an arriving household, Montgomery County$50,538
Every figure in this section is published for Montgomery County as a whole and is not a measurement of New Richmond. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
New Richmond questions, answered from the record.
How many people live in New Richmond, Indiana?
433, in 160 households. New Richmond town covers 0.19 square miles of land, which is 2,253 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Richmond in?
Montgomery County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in New Richmond?
$80,329. The median owner-occupied home is valued at $89,200. Median gross rent is $875 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Richmond businesses?
2 7(a) approvals totalling $440,000, across 2 lenders, median approval $400,000. These count approvals to borrowers whose address is in New Richmond, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Richmond borrowers get paid back?
No rate is published for New Richmond. only 2 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page New Richmond figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Montgomery County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of New Richmond.
Is zoning published for New Richmond?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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