Redkey, IN
Full City Profile · Indiana · Jay County County
2.9
/5.0
C+
Fair
1,451
Population
1,668/sq mi density
$40,667
Median Income
$17,528 per capita
$78,300
Home Value
$137,049 Zillow
$829
Median Rent
25.9% income on rent
51°F
Avg Temperature
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.0 / 5.0
$40,667 median income, 5.8% unemployment
A+
Affordability
5.0 / 5.0
$78,300 home value, $829/mo rent
D
Education
1.7 / 5.0
8.3% bachelor's degree or higher
Housing Overview
Median Home Value
$78,300
72% below
US avg: $281,900
Median Rent
$829/mo
29% below
US avg: $1,163/mo
Homeownership Rate
72.0%
10% above US avg (65.4%)
Total Housing Units
601
Median year built: 1950
Home Value by Source
Census Median
$78,300
Zillow (ZHVI)
$137,049
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
72.0%
Owner-Occupied
28.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$829/mo
Affordability & Housing Stock
Rent Burden
25.9%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1950
Average age of housing stock: 76 years
Homeownership Rate
72.0%
Complete Housing Data
Home Values
| Census Median Value | $78,300 |
| Zillow Home Value (ZHVI) | $137,049 |
Rent
| Census Median Rent | $829 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 72.0% |
| Renter-Occupied | 28.0% |
| Homeownership Rate | 72.0% |
| Total Housing Units | 601 |
| Median Year Built | 1950 |
| Rent Burden | 25.9% |