Richmond, KY
Full City Profile · Kentucky · Madison County County
2.9
/5.0
C+
Fair
35,498
Population
1,616/sq mi density
$48,223
Median Income
$28,500 per capita
$205,900
Home Value
$301,436 Zillow
$860
Median Rent
28.1% income on rent
56°F
Avg Temperature
221
Violent Crime/100K
1,980 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.6 / 5.0
$48,223 median income, 6.7% unemployment
A
Affordability
4.3 / 5.0
$205,900 home value, $860/mo rent
F
Safety
1.0 / 5.0
221 violent crimes/100K
B+
Education
3.7 / 5.0
34.3% bachelor's degree or higher
Housing Overview
Median Home Value
$205,900
27% below
US avg: $281,900
Median Rent
$860/mo
26% below
US avg: $1,163/mo
Homeownership Rate
40.1%
39% below US avg (65.4%)
Total Housing Units
15,792
Median year built: 1994
Home Value by Source
Census Median
$205,900
Zillow (ZHVI)
$301,436
Redfin Median Sale
$292,450
Median Sale Price
$292,450
Median List Price
$316,250
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
40.1%
Owner-Occupied
59.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$719/mo
1 Bedroom
$794/mo
2 Bedroom
$984/mo
3 Bedroom
$1,277/mo
4 Bedroom
$1,442/mo
Census median rent:
$860/mo
· Zillow rent:
$991/mo
Market Indicators (Redfin)
Median Sale Price
$292,450
Median Days on Market
88 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
20
Price Drops
14.9%
of listings with price reduction
Price Per Sq Ft
$164
Active Inventory
121
homes for sale
Affordability & Housing Stock
Rent Burden
28.1%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1994
Average age of housing stock: 32 years
Homeownership Rate
40.1%
Complete Housing Data
Home Values
| Census Median Value | $205,900 |
| Zillow Home Value (ZHVI) | $301,436 |
| Redfin Median Sale | $292,450 |
| Median Sale Price | $292,450 |
| Median List Price | $316,250 |
| Price Per Sq Ft | $164 |
Rent
| Census Median Rent | $860 |
| Zillow Rent (ZORI) | $991 |
| FMR Studio | $719 |
| FMR 1-Bedroom | $794 |
| FMR 2-Bedroom | $984 |
| FMR 3-Bedroom | $1,277 |
| FMR 4-Bedroom | $1,442 |
Market
| Days on Market | 88 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 14.9% |
| Homes Sold | 20 |
| Active Inventory | 121 |
| Price Per Sq Ft | $164 |
Ownership & Stock
| Owner-Occupied | 40.1% |
| Renter-Occupied | 59.9% |
| Homeownership Rate | 40.1% |
| Total Housing Units | 15,792 |
| Median Year Built | 1994 |
| Rent Burden | 28.1% |