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Single Family ResidenceResidential
$105,245$110 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 80How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $59,700 on Apr 14, 2008

506 SW 5TH ST

RICHMOND, IN 47374
2
Beds
1
Baths
960 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.25 ac
Lot SizeThe size of the land the home sits on, from county records.
1950
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$105K
$85K low$126K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$59,700 · Apr 14, 2008

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,132 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$56,600 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$21,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$35,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$62,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$56,600

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.15 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyWAYNE
Lot (acres)The size of the land the home sits on, from county records.0.25
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Richmond High SchoolC
High · Grades 9–12 · 0.4 mi
M
Dennis Middle SchoolD-
Middle · Grades 7–8 · 0.8 mi
E
Westview Elementary SchoolD-
Elementary · Grades PK–4 · 1.0 mi

District: Richmond Community School Corporation

Neighborhood · ZIP 47374These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.120
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.224
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.42

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.88%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.11%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.17%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.44,848
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.370 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$53,374
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$67,037
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.40 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

506 Sw 5th St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 72% of homes in Wayne County
  • Smaller than 88% of homes in Wayne County

What homes are worth in Richmond 47374

Each bar is how many homes fall in that price range. The marker is this home.

This home
$35K$478K

This home is worth more than 34% of homes in Richmond 47374.

How it measures up in Richmond 47374

The dot is this home. The mark in the middle is the typical home in Richmond 47374.

Estimated value$105,245
CheaperTypical $141,446Pricier

Pricier than 34% of homes nearby

Price per ft²$110
CheaperTypical $102Pricier

Pricier than 55% of homes nearby

Living area960 ft²
SmallerTypical 1,464 ft²Bigger

Bigger than 14% of homes nearby

Lot size0.25 ac
SmallerTypical 0.23 acBigger

Bigger than 54% of homes nearby

Year built1950
OlderTypical 1952Newer

Newer than 49% of homes nearby

How 506 Sw 5th St ranks against every home in each area.
MeasureThis homeRichmond 47374Wayne County
Estimated valuepricier than$105,24534% of homes28% of homes
Price per ft²pricier than$11055% of homes52% of homes
Living areabigger than960 ft²14% of homes12% of homes
Lot sizebigger than0.25 ac54% of homes44% of homes
Year builtnewer than195049% of homes47% of homes

About 506 Sw 5th St

How much is 506 Sw 5th St, Richmond, IN worth?

The TopHap Estimate for 506 Sw 5th St, Richmond, IN is $105,245 as of Aug 30, 2026. The likely range is $84,655 to $125,835. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 506 Sw 5th St, Richmond, IN last sell?

506 Sw 5th St, Richmond, IN last sold on Apr 14, 2008 for $59,700, according to the county's recorded deed.

How big is 506 Sw 5th St, Richmond, IN?

506 Sw 5th St, Richmond, IN has 2 bedrooms, 1 bathrooms, 960 square feet of living space and a 0.25-acre lot.

When was 506 Sw 5th St, Richmond, IN built?

506 Sw 5th St, Richmond, IN was built in 1950, making it 76 years old. The building has 1 story.

What schools serve 506 Sw 5th St, Richmond, IN?

506 Sw 5th St, Richmond, IN is assigned to Richmond High School (high), rated C; Dennis Middle School (middle), rated D-; Westview Elementary School (elementary), rated D-. All sit in Richmond Community School Corporation. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 506 Sw 5th St, Richmond, IN compare to other homes in Richmond 47374?

Among the 16,844 homes in Richmond 47374, it is worth more than 34% of them ($105,245 against a typical $141,446), its price per square foot is higher than 55% of them ($110 against a typical $102), it is bigger than 14% of them (960 ft² against a typical 1,464 ft²), its lot is bigger than 54% of them (0.25 ac against a typical 0.23 ac) and it is newer than 49% of them (1950 against a typical 1952). Measured against all of Wayne County, it is worth more than 28% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 506 Sw 5th St, Richmond, IN?

The 2025 property tax bill for 506 Sw 5th St, Richmond, IN was $1,132. The county assessed it at $56,600.

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