c.1940 Two Bedroom Indiana Home For Sale $56K

$56,000

A spacious wrap-around front porch serves as the perfect outdoor entertaining hub for this Indiana home!

Realtor Comments

Check out this 2 possible 3 bedroom 1 bath home in Redkey! This would also make a great addition to a rental portfolio.

2bd
1ba
1,234sqft
7,405sqft lot
Circa 1940

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410 W Main St, Redkey, IN 47373, USA

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

Contact Realtor: Matt Glentzer

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Pros of Living in Redkey

Incredible Housing Affordability: The median home value sits around $75,000, making it one of the absolute cheapest places to purchase real estate in the region.
Very Safe Community: The violent crime rate is virtually nonexistent, hovering 100% below the national average and providing immense peace of mind for families.
Tight-Knit, Welcoming Atmosphere: With a population of just over 1,000 residents, it is a highly collaborative community where neighbors know each other by name.
Historic Small-Town Charm: The town takes great pride in its early glass-manufacturing heritage, celebrated every year during the local Glass Days festival.
Solid Public Schools: The local public school system in Jay County is generally highly rated and performs above average compared to state benchmarks

Cons of Living in Redkey

High Local Poverty & Economic Strain: Redkey faces severe economic headwinds, with a local poverty rate of 34.6%, which is more than double the national and Indiana state averages.
Declining Population & Job Market: The local job market is shrinking, and the town experiences a steady population decline each year. Most remaining local jobs are concentrated in manufacturing.
Extreme Commercial Isolation: There are almost no shopping, dining, or entertainment options within town limits, requiring a car for every basic errand, grocery run, or medical need.
Risk of Local Flooding: The area surrounding the town is susceptible to sudden river floods and agricultural runoff, requiring some homeowners to keep a close eye on local weather alerts.
Harsh Midwestern Winters