Richmond, KY Real Estate
According to census data in the year 2000 there were 11,840 housing units in Richmond.
This represents a 50.5% growth from 7,869 in 1990.
Of those housing units, 11,676 were located in either urbanized areas or urban clusters, and 164 were located in what is classified as a rural area.
Homeownership rate in Richmond is about 35%.
Richmond's vacancy rate, including seasonal lodging, is about 8.9%.
Average household size is 2.13 people.
The majority of houses, apartments or condos in Richmond were built after 1981.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 16.70% |
| Two Bedrooms | 43.20% |
| Three Bedrooms | 29.80% |
| Four Bedrooms | 7.50% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $89,800 |
| Median Price asked for vacant units | $90,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.96 |
| Median year structure was built | 1984 |
| Median Monthly Rent asked for vacant units | $377 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 6.50% |
| Simple Mortgage | 50.10% |
| Debt Free | 37.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.2% |
