Home prices
The median home in Richmond costs $152,600. Compared to nearby areas it is about $48,580 (46%) higher.It is approximately $64,900 (29%) lower compared to the country as a whole, and compared to the city of Lexington-Fayette it is approximately $37,200 (19%) lower.
Rents
The median rent in Richmond is $687 a month. In comparison to its nearby areas it is approximately $42 (6%) higher.It is about $375 (35%) lower in comparison to the US as a whole, and in comparison to the city of Lexington-Fayette is about $209 (23%) lower.
Nearby places
Berea
Berea is roughly 9 miles south from Richmond. Its real estate prices are somewhat less expensive. The median home in Berea is valued at $139,300, which works out to $13,300 (9%) lower than Richmond. Rents there are fairly similar. In Berea the median rent is $715 per month, which is $28 (3%) higher than Richmond.
Irvine
Irvine is about 15 miles east from Richmond. Real estate prices there are substantially less expensive. The cost of the median home in Irvine is $86,500, which works out to $66,100 (76%) lower than Richmond. Rent there is substantially less expensive. In Irvine the median rent is $474 a month, which comes out to $213 (44%) lower than Richmond.
Lancaster
Lancaster is about 15 miles southwest from Richmond. Real estate prices there are significantly less expensive. Lancaster's median home value is $91,700, which comes out to $60,900 (66%) lower than Richmond. Its rents are fairly similar. The median rent in Lancaster is $685 a month, which is very similar to Richmond.
Ravenna
Ravenna is approximately 16 miles east of Richmond. Its housing prices are substantially less expensive. The median home in Ravenna is valued at $57,800, which is $94,800 (164%) lower than Richmond. Rents there are a bit less expensive. In Ravenna the median rent is $557 per month, which comes out to $130 (23%) lower than Richmond.
Nicholasville
Nicholasville is about 17 miles northwest from Richmond. Housing prices there are somewhat less expensive. The cost of the median home in Nicholasville is $144,800, which works out to $7,800 (5%) lower than Richmond. The rent there is somewhat more expensive. The median monthly rent in Nicholasville is $792, which is $105 (13%) higher than Richmond.
