Current Price

$276,368

1 Month Forecast

â–² $294,427

1-Year Forecast *

â–² $308,340

5-Year Forecast *

â–² $353,332

"Is it a good time to buy homes in Richmond?" "Does investing in real estate in Richmond (Kentucky State, Madison County) worth it?" According to our live Forecast System, buying a house in Richmond is a good short-term (1-year) investment*. The Richmond average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Richmond" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Richmond in Kentucky State, Madison County. If you are looking for homes for sale with good flipping profit, Richmond can be a profitable property investment option. The median price of an average house in Richmond was 276,368 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Richmond" area is 353,332 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +27.85% meaning that investing 100000 USD today may yield a profit of 27,848 USD by 2031.

Current Median Listing Price: 276,368 USD Median Listing Price Per Square Foot: 154 USD

Richmond Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Richmond (Kentucky State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Richmond Price Target

Richmond median home price target in 12 months: $308,340* (upside of 11.6%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $288,291 $293,084 $288,291 $293,121
2024 $263,652 $276,368 $263,652 $276,368
2023 $255,816 $262,844 $254,974 $262,844
2022 $237,404 $256,155 $237,404 $256,357
2021 $214,882 $235,326 $214,882 $235,326
2020 $192,509 $212,141 $192,509 $212,141
2019 $182,329 $191,243 $182,329 $191,243
2018 $177,826 $181,932 $177,826 $182,371
2017 $166,549 $177,345 $166,549 $177,345
2016 $160,232 $165,710 $160,232 $165,710
2015 $150,897 $159,663 $150,897 $159,663
2014 $148,248 $150,881 $147,942 $150,906
2013 $149,938 $148,455 $148,455 $149,938
2012 $155,235 $150,432 $150,432 $155,278

Questions & Answers about the Richmond Housing Market Forecast

How much does an average home cost in Richmond today?

The value of an average home (the listing price) in Richmond is $276,368 USD.

What is the average price per square foot in Richmond?

According to Walletinvestor the median price per square foot in Richmond is 154 USD.

Will the median listing price of homes in Richmond grow / rise / go up?

Yes. The Richmond home prices may rise from 276,368 USD to 308,340 USD in one year.

Is it profitable to invest in Richmond homes?

Yes. The long-term profit potential is +11.57% in one year.

Will Richmond house prices fall / drop?

No. See above.

What is the predicted price of a Richmond home in 2030?

The predicted home sales price of a Richmond home in 2030 in Richmond is 341,916 USD.

What is the predicted price of a Richmond home in 2035?

The predicted home sales price of a Richmond home in 2035 in Richmond is 406,558 USD.

Will real estate prices decrease in Richmond?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Richmond is the 868. largest city in the United States, located in Kentucky State.

During the last 12 months the real estate prices in Madison, Richmond decreased, looking at the past 12 months.

According to Walletinvestor's Richmond real estate market research, home values will increase in the next 12 months.

Median home values decreased by 5.667% to 276,368 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 10.139% in 2021
  • 13.419% in 2022
  • 12.939% in 2023
  • 10.499% in 2024
  • 13.529% in 2025
  • 10.549% in 2026

Based on our Richmond real estate market research and report the predicted sales prices will increase by 198.829% in the next 10 years.

Over the last 12 months, the value of homes in Richmond fluctuated: increasing 2 times and decreasing 2 times.

Richmond (Kentucky) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Richmond Housing Market Forecast with Real Estate Prices for 2025
August 2025 294427 272345 316509
September 2025 295776 279804 311748
October 2025 297131 280789 313474
November 2025 298493 278195 318790
December 2025 299861 276471 323250
Richmond Housing Market Forecast with Real Estate Prices for 2026
January 2026 300656 276904 324407
February 2026 301454 280955 321953
March 2026 302753 281560 323946
April 2026 304140 285588 322693
May 2026 305534 281702 329365
June 2026 306934 284221 329647
July 2026 308340 287681 328999
August 2026 309753 289309 330197
September 2026 311172 286278 336066
October 2026 312598 290091 335105
November 2026 313964 293870 334058
December 2026 314492 285559 343425
Richmond Housing Market Forecast with Real Estate Prices for 2027
January 2027 314756 287372 342139
February 2027 315290 293219 337360
March 2027 315672 291997 339348
April 2027 315423 293659 337187
May 2027 315005 284135 345876
June 2027 314261 289120 339402
July 2027 314225 285003 343448
August 2027 314791 297163 332419
September 2027 316234 284610 347857
October 2027 317683 287185 348180
November 2027 318979 293142 344816
December 2027 319994 296634 343354
Richmond Housing Market Forecast with Real Estate Prices for 2028
January 2028 320492 289404 351580
February 2028 321161 290651 351671
March 2028 322436 303412 341460
April 2028 323772 294633 352912
May 2028 324767 306255 343279
June 2028 325653 303834 347471
July 2028 326786 308159 345412
August 2028 328283 303990 352576
September 2028 329761 305358 354163
October 2028 331272 302451 360092
November 2028 332204 309282 355126
December 2028 333067 308420 357714
Richmond Housing Market Forecast with Real Estate Prices for 2029
January 2029 333384 301379 365388
February 2029 334189 310462 357917
March 2029 335721 312556 358885
April 2029 337259 309941 364577
May 2029 338804 309328 368280
June 2029 340357 316872 363841
July 2029 341916 315247 368586
August 2029 342090 320539 363642
September 2029 341846 316892 366801
October 2029 341770 311352 372187
November 2029 342048 314684 369411
December 2029 343615 312002 375227
Richmond Housing Market Forecast with Real Estate Prices for 2030
January 2030 345189 318610 371769
February 2030 346771 328739 364803
March 2030 348360 318053 378667
April 2030 349956 328959 370954
May 2030 350884 324217 377551
June 2030 351816 325781 377850
July 2030 353332 334252 372411
August 2030 354951 332234 377667
September 2030 356577 330190 382964
October 2030 358211 336718 379704
November 2030 359852 336102 383602
December 2030 361501 332943 390060
Richmond Housing Market Forecast with Real Estate Prices for 2031
January 2031 363158 331200 395115
February 2031 364822 346581 383063
March 2031 366416 333805 399027
April 2031 367032 338771 395294
May 2031 367339 331340 403339
June 2031 367963 336686 399240
July 2031 368409 343726 393093
August 2031 368118 343823 392414
September 2031 367631 340426 394836
October 2031 366762 340355 393169
November 2031 366721 330049 403393
December 2031 367381 343134 391628
Richmond Housing Market Forecast with Real Estate Prices for 2032
January 2032 369064 345075 393054
February 2032 370756 338500 403011
March 2032 372269 338764 405773
April 2032 373453 344697 402209
May 2032 374034 336631 411438
June 2032 374815 353825 395805
July 2032 376303 345070 407536

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.