According to statistics, the population in Richmond, KY amounts to 33,993, which shows growth 1% compared to the previous year. The median age of the city’s residents is 26. The average household income is $34,754, shifting growth 7% from the past year, and the average property value in Richmond, KY growth 4% to $144,700 throughout the year.
|Number Of Employees||16,365|
|Median Property Value||$144,700|
The average household income in Richmond, KY grew from $32,436 to $34,754 in the past year. This data is an estimate based upon 12,954 households in Richmond, KY . The chart below presents how household income is distributed in Richmond, KY in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Richmond, KY shifted from $138,700 to $144,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Richmond, KY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Richmond, KY properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Richmond, KY compared to median property taxes around the country. The prevalent amount of property taxes in Richmond, KY equals $1150, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$87,000||-74.9%|
|2 bed for sale||$120,700||+20.3%|
|3 bed for sale||$288,228||+10.8%|
|4+ bed for sale||$377,088||-27.9%|
During Jul 2022, the average price for an apartment in/near Richmond, KY decreased by 15.9% to $306,719.
Asking price for 2-bed apartment also increased by 20.3% and a place of this size will now cost you $120,700. A 3-bed apartment goes for $288,228, it increased by 10.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 27.9% and made it down to $377,088.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$319,786||-9.3%|
|Land for sale||$49,500||-85.6%|
|Condos for sale||$109,000||-54%|
|Duplexes for sale||$1,064,980||N/A|
|Townhouses for sale||$109,000||N/A|
Price reports demonstrate that house price decreased by 9.3% this month making it up to $319,786. Condos faced an upward trend these days. The median price for a condo decreased by 54%, it’s now available for $109,000. An average value of duplex is $1,064,980, thus a median price for a duplex remains the same this month. Value of the townhouses didn’t change, the price still starts at $109,000.