Richmond, KY housing market
Typical home value
$299K
▲ 1.2% 1 yr
Typical rent
$1,109/mo
▲ 1.8% 1 yr
Gross rent yield
4.5%
U.S. 6.3%
5-year home value change
+25%
U.S. +20%
Key takeaways
- 1The typical home in Richmond is worth $299,053, up 1.2% over the past year and up 25% over five years.
- 2Typical rent is $1,109 a month (+1.8% YoY), a gross rent yield of 4.5% (below the Richmond, KY metro's 4.8%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,643/mo, $534 more than typical rent.
- 4Zillow forecasts the Richmond, KY metro's home values to change +2.0% over the next 12 months.
Market temperature (Richmond, KY metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 34/100, #382 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Richmond compares
| Measure | Richmond | Richmond, KY metro | United States |
|---|---|---|---|
| Typical home value | $299,053 | $262,983 | $366,157 |
| Home value, 1-yr change | +1.2% | +1.1% | +1.2% |
| Typical rent | $1,109 | $1,062 | $1,932 |
| Rent, 1-yr change | +1.8% | +1.8% | +2.7% |
| Gross rent yield | 4.5% | 4.8% | 6.3% |
| Price-to-rent ratio | 22.5 | 20.6 | 15.8 |
| Mortgage P&I, typical home | $1,643 | $1,445 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Richmond rental, pre-filled.
Rent vs buy in Richmond
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $299K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.