Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Richmond area can be challenging. Home prices in Richmond are now at a median cost of $212,906, higher than the Kentucky average of $164,895.
The average cost of rent is $818/mo in Richmond, primarily driven by the current value of real estate in the Richmond area. While nearly 36.69% of residents own their homes outright in Richmond, 42.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Richmond is $5,442 per month. Households that rent pay about 15.04% of their income on rent here. Richmond's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Reeds Crossing, KY: less expensive homes
- Million, KY: equally priced homes
- Caleast, KY: higher priced homes
- Newby, KY: less expensive homes
- Terrill, KY: less expensive homes
- Redhouse, KY: equally priced homes
- Moberly, KY: less expensive homes
- Union City, KY: less expensive homes
- Whites, KY: equally priced homes
- Duncanon, KY: equally priced homes
Cities with Similar Populations
- Friendswood, TX: higher priced homes
- Mount Prospect, IL: higher priced homes
- San Jacinto, CA: higher priced homes
- Statesboro, GA: less expensive homes
- Fuquay-Varina, NC: higher priced homes
- Four Corners, FL: higher priced homes
- Fairfield, CT: higher priced homes
- Edmonds, WA: higher priced homes
- Diamond Bar, CA: higher priced homes
- Delano, CA: equally priced homes
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