Richmond, KY Real Estate
Richmond is a city in Madison County, Kentucky with a population of about 35,498. The median home value is near $205,900, and median rent runs around $860/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$205,900
Median Rent
$860/mo
Population
35,498
Median Income
$48,223
Median Age
28.1
Homeownership
40.1%
Monthly payment on a median Richmond home
Example for a $205,900 home: 20% down, 30-yr at ~6.75%, KY property tax ~0.83%, 0.4% insurance.
Est. monthly (PITI)
$1,279
Principal & interest
$1,068
Property tax / mo
$142
Down payment (20%)
$41,180
Richmond at a glance
- 20.4% of residents 25+ hold a bachelor's degree or higher.
- 40.1% of occupied homes are owner-occupied.
- Median household income is $48,223.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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