Redkey, IN
Population 1,451 · Indiana
About Redkey, IN
Redkey is a small community in Indiana with a population of 1,451 residents. The median household income is $40,667 per year, which is below the national average. The median age in Redkey is 30.9 years.
Housing in Redkey has a median home value of $78,300 and median monthly rent of $829. Of the 589 total housing units, the majority are owner-occupied, with 363 owner-occupied and 141 renter-occupied units.
The unemployment rate in Redkey is 5.8% and the poverty rate is 36.8%. 8.3% of residents hold a bachelor's degree or higher. The average commute time is 22.3 minutes.
Cost of Living in Redkey, IN
Compared to national averages, Redkey has a median household income of $40,667 (46% below the national median of $75,149). Home values average $78,300, which is 68% below the national median. Monthly rent at $829 is 29% below the US average of $1,163. Within Indiana, Redkey's income is 41% below the state average of $69,330, and home values are 52% below the state median of $163,409.
Why Live in Redkey, IN?
Redkey offers affordable housing with a median home value of $78,300, below the US average of $244,900, and rent that’s lower than the national average at $829/month, and short commute times averaging just 22.3 minutes.
Potential considerations include median household income ($40,667) that falls below the national average. However, Redkey’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Redkey has a population of 1,451 with a median age of 30.9 years. Compare Redkey with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Redkey
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Montpelier | 1,444 | $42,833 | $77,100 | Compare |
| Odon | 1,458 | $44,632 | $137,400 | Compare |
| Oolitic | 1,461 | $61,696 | $141,700 | Compare |
| Trafalgar | 1,433 | $83,214 | $216,400 | Compare |
| Darmstadt | 1,428 | $96,458 | $293,200 | Compare |
| Fairview Park | 1,426 | $58,929 | $109,300 | Compare |
| Lake Dalecarlia | 1,421 | $115,588 | $313,200 | Compare |
| Nashville | 1,420 | $48,750 | $246,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Redkey
What is the population of Redkey, IN?
The population of Redkey, IN is 1,451 according to the latest Census data.
What is the median household income in Redkey?
The median household income in Redkey, IN is $40,667 per year.
What is the median home value in Redkey?
The median home value in Redkey, IN is $78,300.
What is the average rent in Redkey?
The median monthly rent in Redkey, IN is $829.
What is the unemployment rate in Redkey?
The unemployment rate in Redkey, IN is 5.8%.