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Why Live in Richmond



Richmond, located about 30 miles south of Lexington, is the fourth-largest city in the Kentucky Bluegrass region, known for its horses, distilleries, and rich history. The neighborhood features a mix of new traditional architecture, modern farmhouses, ranch-style homes, and bilevels, particularly in subdivisions like Magnolia Pointe and Arbor Woods. Downtown Richmond showcases charming Queen Anne buildings housing small businesses, government offices, boutiques, coffee shops, and eateries. The Eastern Bypass is lined with major retailers and grocers, including Richmond Centre with stores like Meijer, Michaels, and JCPenney. For things to do, residents enjoy Fort Boonesborough State Park’s hiking trails and historic landmarks, Camp Catalpa Park, and Lake Reba Recreational Complex, which offers fishing, kayaking, and a public pool. The Millstone Festival at Millstone Park features food vendors, antique cars, live music, and crafts. Chennault Vineyard and Baldwin Farms provide local produce and seasonal activities. Richmond is home to Eastern Kentucky University, known for its popular football games at Roy Kidd Stadium and strong criminal justice and nursing programs. Commuting is facilitated by Interstate 75, with car-dependent travel and localized bus service from Richmond Transit. While property crime has decreased significantly since its peak in 2016, the area remains safer than the national average.
Home Trends in Richmond, KY
On average, homes in Richmond, KY sell after 37 days on the market compared to the national average of 50 days. The median sale price for homes in Richmond, KY over the last 12 months is $305,000, up 2% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$305,000
Median Single Family Sale Price
$319,000
Median Townhouse Sale Price
$315,000
Median 2 Bedroom Sale Price
$316,000
Median 1 Bedroom Sale Price
$150,000
Average Price Per Sq Ft
$174
Number of Homes for Sale
230
Last 12 months Home Sales
802
Months of Supply
3.40
Median List Price
$325,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
2%