USA.com / Kentucky / Madison County / Richmond, KY / Housing

Richmond, KY Housing

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As of 2010-2014, median price of a house in Richmond is $132,000, which is higher than the state average of $121,600 and is lower than the national average of $175,700. The Richmond median house value has grown by 46.99% since 2000. The growth rate for the price of a house in Richmond is higher than the state average rate of 40.25% and is about the same as the national average rate of 46.91%. The median year that a house in Richmond was built is 1989, which is newer than the median year for a house built in the state which is 1978 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 4,950 Owner Occupied Houses in Richmond, KY, #139

Richmond, KY	132,000 USD
Kentucky	121,600 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #124

Richmond, KY	46.99%
Kentucky	40.25%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Richmond, KY	Kentucky	U.S.
Total Housing Units	14,555, see rank, 100%	1,938,836	132,741,033
Occupied Housing Units	12,760, 87.67%, see rank	87.80%	87.55%
Owner Occupied	4,950, 34.01%, see rank	59.42%	56.34%
Renter Occupied	7,810, 53.66%, see rank	28.38%	31.21%
Vacant Housing Units	1,795, 12.33%, see rank	12.20%	12.45%
For Rent	521, 3.58%, see rank	2.04%	2.34%
For Sale Only	188, 1.29%, see rank	1.33%	1.20%
Rented or Sold, Not Occupied	539, 3.70%, see rank	1.59%	0.92%
For Seasonal, Recreational, or Occasional Use	31, 0.21%, see rank	2.24%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.03%	0.03%
Other Vacant	516, 3.55%, see rank	4.97%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #37

Richmond, KY	Kentucky	U.S.
1989	1978	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Richmond, KY	%	Kentucky	U.S.
Owner-Occupied Units	4,950	100%	1,152,012	74,787,460
With a Mortgage	3,022	61.05%, see rank	60.42%	65.58%
Without a Mortgage	1,928	38.95%, see rank	39.58%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Richmond, KY	1,147 USD
Kentucky	1,124 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Richmond, KY	%	Kentucky	U.S.
$299 or Less	18	0.60%, see rank	0.45%	0.20%
$300 to $499	59	1.95%, see rank	4.00%	1.59%
$500 to $699	290	9.60%, see rank	10.65%	5.01%
$700 to $999	513	16.98%, see rank	24.79%	14.32%
$1,000 to $1,499	1,625	53.77%, see rank	34.58%	27.90%
$1,500 to $1,999	318	10.52%, see rank	14.86%	20.35%
$2,000 to $2,999	124	4.10%, see rank	8.07%	19.52%
$3,000 or More	75	2.48%, see rank	2.60%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Richmond, KY	22.90% of the Total Income
Kentucky	21.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Richmond, KY	%	Kentucky	U.S.
10% or Less	153	5.06%, see rank	7.42%	5.86%
10% to 20%	1,037	34.32%, see rank	38.63%	31.95%
20% to 30%	888	29.38%, see rank	26.40%	27.64%
30% to 40%	347	11.48%, see rank	11.52%	13.74%
40% or More	562	18.60%, see rank	15.53%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Richmond, KY	349 USD
Kentucky	336 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Richmond, KY	%	Kentucky	U.S.
$199 or Less	242	12.55%, see rank	15.39%	7.76%
$200 to $299	419	21.73%, see rank	25.19%	14.70%
$300 to $499	910	47.20%, see rank	40.30%	34.63%
$500 to $699	246	12.76%, see rank	13.29%	21.16%
$700 or More	111	5.76%, see rank	5.82%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Richmond, KY	12.20% of the Total Income
Kentucky	10.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Richmond, KY	%	Kentucky	U.S.
10% or Less	804	41.70%, see rank	45.97%	40.19%
10% to 20%	536	27.80%, see rank	30.79%	31.47%
20% to 30%	234	12.14%, see rank	10.69%	12.24%
30% to 40%	157	8.14%, see rank	4.50%	5.64%
40% or More	180	9.34%, see rank	6.79%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Richmond, KY	Kentucky	U.S.
Total Housing Units	14,555, 100%	1,938,836	132,741,033
1-unit, Detached	5,911, 40.61%, see rank	67.21%	61.65%
1-unit, Attached	252, 1.73%, see rank	2.45%	5.82%
2 Units	1,415, 9.72%, see rank	3.05%	3.75%
3 or 4 Units	1,696, 11.65%, see rank	4.01%	4.43%
5 to 9 Units	2,122, 14.58%, see rank	4.66%	4.78%
10 or More Units	2,500, 17.18%, see rank	6.39%	13.08%
Mobile Home, Boat, RV, Van, etc.	659, 4.53%, see rank	12.23%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Richmond, KY	Kentucky	U.S.
Total Housing Units	14,555, 100%	1,938,836	132,741,033
1 Room	635, 4.36%, see rank	1.31%	1.95%
2 Rooms	1,136, 7.80%, see rank	1.58%	2.48%
3 Rooms	1,850, 12.71%, see rank	6.92%	9.13%
4 Rooms	2,988, 20.53%, see rank	16.56%	16.60%
5 Rooms	3,003, 20.63%, see rank	22.96%	20.41%
6 Rooms	2,068, 14.21%, see rank	19.01%	18.06%
7 Rooms	962, 6.61%, see rank	12.52%	12.27%
8 Rooms	828, 5.69%, see rank	8.32%	8.48%
9 Rooms or More	1,085, 7.45%, see rank	10.81%	10.60%
Median Rooms	4.70, see rank	5.50	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Richmond, KY	Kentucky	U.S.
Total Housing Units	14,555, 100%	1,938,836	132,741,033
No Bedroom	729, 5.01%, see rank	1.42%	2.17%
1 Bedroom	2,790, 19.17%, see rank	8.44%	11.16%
2 Bedrooms	4,461, 30.65%, see rank	27.38%	26.69%
3 Bedrooms	5,080, 34.90%, see rank	44.95%	39.70%
4 Bedrooms	1,215, 8.35%, see rank	14.32%	16.05%
5 or More Bedrooms	280, 1.92%, see rank	3.49%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Richmond, KY	Kentucky	U.S.
Total Housing Units	12,760, 100%	1,702,235	116,211,092
Utility Gas	2,633, 20.63%, see rank	38.22%	48.85%
Bottled, Tank, or LP Gas	126, 0.99%, see rank	6.49%	4.86%
Electricity	9,938, 77.88%, see rank	50.50%	36.68%
Fuel Oil, Kerosene, etc.	12, 0.09%, see rank	1.03%	5.86%
Coal or Coke	21, 0.16%, see rank	0.25%	0.12%
Wood	0, 0.00%, see rank	2.95%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	22, 0.17%, see rank	0.30%	0.47%
No Fuel Used	8, 0.06%, see rank	0.24%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Richmond, KY	Kentucky	U.S.
Occupied Units Paying Rent	7,576, 100%	496,536	39,201,928
$199 or Less	48, 0.63%, see rank	3.01%	1.50%
$200 to $299	400, 5.28%, see rank	5.28%	3.18%
$300 to $499	1,959, 25.86%, see rank	15.95%	7.37%
$500 to $699	2,759, 36.42%, see rank	30.85%	16.01%
$700 to $999	1,677, 22.14%, see rank	29.97%	29.17%
$1,000 to $1,499	524, 6.92%, see rank	12.25%	26.88%
$1,500 to $1,999	140, 1.85%, see rank	1.85%	9.79%
$2,000 or More	69, 0.91%, see rank	0.83%	6.10%
Median	$608, see rank	$667	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Richmond, KY	Kentucky	U.S.
Occupied Housing Units	12,760, 100%	1,702,235	116,211,092
No Vehicles Available	1,058, 8.29%, see rank	7.85%	9.12%
1 Vehicles Available	5,864, 45.96%, see rank	33.49%	33.80%
2 Vehicles Available	4,468, 35.02%, see rank	38.04%	37.48%
3 or More Vehicles Available	1,370, 10.74%, see rank	20.62%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.