c.1900 Indiana Victorian Handyman Special $59,900
OHU50K Notes $59,900
c.1900 Indiana Victorian Handyman Special. Striking home for sale off Main St. The house could use some TLC.
Realtor Comments
3 Bedroom 1 Bath home with a large back yard and off the street parking. The front porch is a great place relax or entertain. Some sweat equity will go a long way with this home. Don’t miss your opportunity on this investment.
- 3 bed
- 1 bath
- Build date 1900
410 W Main St, Redkey, IN 47373 $59,900
- Contact Realtor: Matt Glentzer
- Google Map
- Niche
Pros of Redkey, IN
Low Cost of Living & Housing Affordability
Housing costs are very low. Median home values around $62,000 in some reports.
Rent is also relatively low.
Overall cost of living is about 9% lower than Indiana average; significantly lower than the U.S. average.
Small, Tight‑Knitted Community
Population is small (≈ 1,100–1,500 people) which tends to foster close relationships, knowing neighbors, more personal community.
Many longtime residents, historic buildings, local events, etc., help with sense of identity. For example, there’s a Redkey Historic District listed on the National Register.
Lower Crime (in Many Categories) Compared to Some Areas
Total crime rate is lower than many comparable cities; AreaVibes reports crime per 100,000 significantly lower than Indiana average.
Particularly property crime / burglary are relatively modest.
Home Ownership & Real Estate Opportunities
Home ownership rate is fairly high (~70–71%) in some sources.
Plenty of older housing stock, which can come with character and opportunity to get value for price.
Short Commutes / Car‑Friendly Town
Average commute time is about 20 minutes or less, which is modest.
Few people use public transit (virtually none), so if you don’t mind driving, you get convenience of low congestion.
Cons / Challenges of Redkey, IN
Low Income Levels / High Poverty Rate
Median household income is much lower than state and national averages. E.g. ~$33,400 in one source.
Poverty is relatively high: many reports put poverty rate between ~19‑36%.
Educational Attainment is Low
Relatively few people have college degrees. Only ~8‑9% have a bachelor’s degree or higher, well below state or national levels.
Some schools have lower test‐score performance relative to state averages.
Limited Amenities / Entertainment
As a small town, fewer amenities: fewer shops, restaurants, cultural or entertainment venues. If you want more variety, you’ll often have to travel.
Many things are not walkable; you’ll likely need a car for errands.
Declining or Stagnant Population
The town has seen population decline or very slow growth in recent years.
This can mean fewer investments, shrinking tax base, fewer services.
Limited Job Opportunities / Low Income Potential
Jobs tend to be in blue‑collar fields (manufacturing, labor, sales, service). If you need specialized or high‑paying roles, these may be sparse.
Because incomes are low, there may be less disposable income in the community, which can impact overall economic vitality.
Health & Infrastructure Concerns
One source flags a “high cancer mortality rate” as a concern in comparisons.
Internet speeds (fixed line) may be slow; infrastructure (public transit, etc.) is minimal.
Limited School Levels
Some sources say there is no middle school in Redkey (or that middle schoolers might need to attend elsewhere). This can complicate schooling for families.
