Everything You Should Know Before Moving to Redkey, IN
Thinking of moving to Redkey, IN? With a small-town population of around 1,175, Redkey offers affordable living—median home prices are just $82,500 and average rents around $720. Commutes are short at just 23 minutes, and the town enjoys low crime rates compared to national averages. Residents benefit from quiet neighborhoods, a family-friendly elementary school, and easy access to nearby healthcare and colleges. If you’re seeking a peaceful Indiana lifestyle with a low cost of living, Redkey is worth a closer look!
Demographics - Redkey, IN
Demographics - Redkey, IN
Redkey is a small, close-knit town with a population of 1,175 and a median age of 40, reflecting a balanced mix of working adults and families. The community is predominantly White, with a near-even gender ratio and a modest percentage of non-English speakers, fostering a friendly and familiar atmosphere.
Population:
1,175
Density:
1,030 per sq mi
Median Age:
40.2
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
3.0%
Ethnic Composition
White:
97.0%
Black:
0.5%
Asian:
0.2%
Others:
2.3%
Cost Of Living
What is the average cost of living in Redkey, IN?
Living in Redkey is highly affordable, with a median home value of $82,500 and average rent at $720. The cost of living index is well below the national average, making it an attractive option for anyone seeking budget-friendly housing and everyday expenses.
Median House Value:
$82,500
Gross Rent:
$720
Monthly Electricity Charges:
$120
Auto Insurance:
$1,040
House Owner Cost With Mortgage:
$900
House Owner Cost Without Mortgage:
$350
State Taxes:
Low:
3.23%
|
High:
3.23%
Cost Of Living Index:
76.5
Grocery:
92.0
Housing:
52.0
Utilities:
99.5
Transportation:
89.0
Health Care:
98.0
Miscellaneous:
93.0
Crime
Is Redkey, IN a safe place to live?
Redkey experiences lower crime rates than many similar towns, with only 140 violent crimes and 1,150 property crimes per 100,000 residents. Residents enjoy a sense of safety, with the chance of becoming a victim of violent crime at just 1 in 715.
Violent Crimes Per 100k:
140
Property Crimes Per 100k:
1,150
Crime Index:
1,290
Chance Of Violent Crime:
1 in 715
Chance Of Property Crime:
1 in 87
Weather
What is the weather like in Redkey, IN year-round?
Residents of Redkey experience all four seasons, with warm summers peaking at 84°F and chilly winters dipping to 19°F. The area enjoys 57% sunny days each year and nearly 40 inches of annual rainfall, providing a balanced Midwest climate.
Winter
Min:
19°F
Max:
36°F
Spring
Min:
40°F
Max:
65°F
Summer
Min:
62°F
Max:
84°F
Fall
Min:
42°F
Max:
67°F
Average Rainfall Inches:
39.7 inches
Sunny Days Percentage:
57%
Neighbors
Households in Redkey have a median income around $41,900, and most residents commute just over 23 minutes to work. The community is largely English-speaking, with a high rate of high school graduates and a strong sense of local connection.
Median Income:
$30,250
Household Income:
$41,900
Family Income:
$52,400
Per Capita Income:
$21,200
Income Male:
$36,100
Income Female:
$26,500
Poverty Rate:
17.2%
Non English Speakers:
3.0%
Rent:
$720
Unemployment Rate:
4.8%
Public Transport Usage:
0.2%
Commute Time:
23.4 minutes
Education
High School or Higher:
85.9%
Bachelors or More:
12.5%
Education
How are the schools in Redkey, IN?
Redkey offers quality public education through its elementary school, known for small class sizes and personalized attention. Higher education is easily accessible, with Ball State University just 27 miles away, providing opportunities for advanced learning and career growth.
Public Schools
Name:
Redkey Elementary School
Street:
200 W High St
Phone:
765-369-2511
Students:
210
Student Teacher Ratio:
15.5
Colleges
Name:
Ball State University
City:
Muncie
State:
IN
Distance:
27 miles
Students:
20,000
Healthcare
Redkey residents have convenient access to IU Health Jay Hospital in nearby Portland, providing emergency and general care. With over 92% health insurance coverage and a solid physician-to-resident ratio, healthcare needs are well supported locally.
Major Hospitals
Name:
IU Health Jay Hospital
Address:
500 W Votaw St, Portland, IN 47371
Phone:
(260) 726-7131
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.6
Health Insurance Coverage:
92.4%
Health Care Index:
70.2
Housing Market
What is the housing market like in Redkey, IN?
The housing market in Redkey is especially appealing for buyers, with a median home price of $82,500 and a high owner-occupancy rate of nearly 74%. Home values are stable, and rental options remain affordable, making it ideal for first-time homeowners or renters.
Median Home Price:
$82,500
Average Rent For 2 Bedroom:
$720
Owner Occupied Rate:
73.8%
Rental Vacancy Rate:
6.7%
Home Appreciation Rate (1yr):
2.1%
New Construction Rate:
0.5%
Foreclosure Rate:
0.7%
DMV Information
Vehicle services for Redkey residents are managed by the Indiana Bureau of Motor Vehicles, with extensive resources available online and in nearby offices. The central office in Indianapolis provides assistance for registrations, licenses, and other DMV needs.
State:
Indiana
Department:
Indiana Bureau of Motor Vehicles
Address:
100 N Senate Ave, Indianapolis, IN 46204
Phone:
1-888-692-6841
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.