Redkey, IN Profile: Facts & Data

Redkey, Indiana - Basic Facts

The Town of Redkey had a population of 1,140 as of July 1, 2024.

The primary coordinate point for Redkey is located at latitude 40.3489 and longitude -85.15 in Jay County. The formal boundaries for the Town of Redkey encompass a land area of 0.94 sq. miles and a water area of 0.01 sq. miles. Jay County is in the Eastern time zone (GMT -5).

The Town of Redkey has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Redkey is located within Township of Richland, a minor civil division (MCD) of Jay County.

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Redkey, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,140 (100%)
Population in Households	1,140 (100.0%)
Population in Families	883 (77.5%)
Population in Group Quarters¹	0
Population Density	1,308
Diversity Index²	14


INCOME
Median Household Income	$50,973
Average Household Income	$64,046
% of Income for Mortgage⁴	19%
Per Capita Income	$26,180
Wealth Index⁵	47
Socioeconomic Status Index⁶	Moderate (46.2)

HOUSING
Total HU (Housing Units)	541 (100%)
Owner Occupied HU	352 (65.1%)
Renter Occupied HU	114 (21.1%)
Vacant Housing Units	75 (13.9%)
Median Home Value	$153,226
Average Home Value	$240,696
Housing Affordability Index³	136

HOUSEHOLDS
Total Households	466
Average Household Size	2.45
Family Households	294
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

541 (100%)

Owner Occupied HU

352 (65.1%)

Renter Occupied HU

114 (21.1%)

Vacant Housing Units

75 (13.9%)

Median Home Value

$153,226

Average Home Value

$240,696

Housing Affordability Index³

136

HOUSEHOLDS

Total Households

466

Average Household Size

2.45

Family Households

294

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.84%	-0.28%
Households	-0.50%	-0.30%
Families		-1.04%
Median Household Income		1.01%
Per Capita Income		3.17%
Owner Occupied HU		0.00%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.84%

-0.28%

Households

-0.50%

-0.30%

Families

-1.04%

Median Household Income

1.01%

Per Capita Income

3.17%

Owner Occupied HU

0.00%

Redkey, IN - Peer Comparisons by Rank and Percentile

The table below compares Redkey to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 318	68th
Population Density	# 334	66th
Median Household Income	# 870	11th
Housing Affordability Index	# 574	59th
Per Capita Income	# 879	10th
Diversity Index	# 661	32nd

Variable Description

Rank

Percentile

Total Population

# 318

68th

Population Density

# 334

66th

Median Household Income

# 870

11th

Housing Affordability Index

# 574

59th

Per Capita Income

# 879

10th

Diversity Index

# 661

32nd

Indiana Census Data Comparison Tool

Redkey, IN Profile: Facts & Data

Redkey, Indiana - Basic Facts

Redkey, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Redkey, IN - Peer Comparisons by Rank and Percentile

Redkey, IN - Most Popular Things to Do

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