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Richmond city, KY

ZIP 40475 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40475

Median Home Value
$232,700
Median Rent
$708
Affordability Snapshot
$64,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,495/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

27.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 40475 in Richmond city, KY, a household would need roughly $64,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,495. That is roughly in line with the local median household income ($62,731). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
59.1%-10% vs US avg
x
Vacancy Rate
7.4%-28% vs US avg
x
Broadband Access
87.5%+1% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
1.7%-76% vs US avg
x
Rent Burden >30%
18.5%-63% vs US avg
x
Mortgage-Free
36.0%-6% vs US avg
x
$232,700
Home Value
$708
Rent
1994
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached58.8%
  • 1-unit attached2.5%
  • 2-9 units23.6%
  • 10+ units7.7%
  • Mobile home & other7.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$232,700
Median rent$708
Owner-occupied59.1%
Vacant7.4%
Price-to-income3.7x
Est. income to buy$64,000