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Today: September 22, 2025

Current Price

$276,368

1 Month Forecast

$294,462

1-Year Forecast *

$309,417

5-Year Forecast *

$356,012

"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 2025-09-23. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Richmond" area is 356,012 USD by 2030-09-23. For a 5-year investment the profit is expected to be around +28.82% meaning that investing 100000 USD today may yield a profit of 28,818 USD by 2030.

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: 2025-2031

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: $309,417* (upside of 12.0%)

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 $155,328 $150,432 $150,432 $155,328

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 309,417 USD in one year.

Is it profitable to invest in Richmond homes?

Yes. The long-term profit potential is +11.96% 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 356,012 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 432,450 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 increased, 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 increased by 2.049% to 276,368 USD, between 2024-09-23 and 2025-09-23

The average annual profit of property investment was:

  • 13.428% in 2020
  • 13.378% in 2021
  • 13.948% in 2022
  • 13.098% in 2023
  • 10.788% in 2024
  • 10.658% in 2025

Based on our Richmond real estate market research and report the predicted sales prices will increase by 209.431% in the next 10 years.

Over the last 12 months, the value of homes in Richmond fluctuated: increasing 8 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 2025, 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 294462 277972 310952
September 2025 295846 266261 325430
October 2025 297236 277024 317448
November 2025 298633 275041 322225
December 2025 300037 282335 317739
Richmond Housing Market Forecast with Real Estate Prices for 2026
January 2026 301447 284566 318328
February 2026 302864 275909 329819
March 2026 304288 275076 333499
April 2026 305718 281566 329870
May 2026 307155 282583 331727
June 2026 308599 289157 328041
July 2026 309417 293946 324888
August 2026 310239 284489 335988
September 2026 311575 293192 329958
October 2026 313040 283614 342466
November 2026 314511 289665 339358
December 2026 315989 295134 336845
Richmond Housing Market Forecast with Real Estate Prices for 2027
January 2027 317475 296521 338428
February 2027 318967 299510 338424
March 2027 320466 295790 345142
April 2027 321973 297503 346442
May 2027 323379 294599 352160
June 2027 323923 297686 350161
July 2027 324195 293072 355317
August 2027 324745 307209 342281
September 2027 325139 297502 352776
October 2027 324882 297267 352497
November 2027 324452 304336 344568
December 2027 323739 301077 346400
Richmond Housing Market Forecast with Real Estate Prices for 2028
January 2028 323702 306546 340858
February 2028 324285 303855 344715
March 2028 325800 293872 357729
April 2028 327332 294599 360065
May 2028 328668 296129 361206
June 2028 329713 298061 361366
July 2028 330226 308762 351691
August 2028 330916 312053 349778
September 2028 332229 307977 356482
October 2028 333606 303582 363631
November 2028 334631 309534 359728
December 2028 335544 301989 369098
Richmond Housing Market Forecast with Real Estate Prices for 2029
January 2029 336711 319202 354220
February 2029 338294 312922 363666
March 2029 339816 311272 368361
April 2029 341376 310994 371759
May 2029 342337 315635 369040
June 2029 343226 310620 375833
July 2029 343553 321222 365884
August 2029 344383 315455 373311
September 2029 346002 316938 375066
October 2029 347628 312865 382391
November 2029 349262 327258 371265
December 2029 350904 331955 369852
Richmond Housing Market Forecast with Real Estate Prices for 2030
January 2030 352553 329637 375469
February 2030 352732 326630 378835
March 2030 352481 334504 370457
April 2030 352402 317514 387290
May 2030 352688 317772 387604
June 2030 354346 335920 372772
July 2030 356012 337143 374880
August 2030 357685 331574 383796
September 2030 359366 335648 383084
October 2030 361055 342280 379830
November 2030 362752 340987 384518
December 2030 364457 336394 392521
Richmond Housing Market Forecast with Real Estate Prices for 2031
January 2031 366171 347862 384479
February 2031 367892 332206 403577
March 2031 369621 335985 403256
April 2031 371358 349077 393640
May 2031 372343 335481 409205
June 2031 373331 338238 408425
July 2031 374940 338196 411684
August 2031 376702 345059 408345
September 2031 378473 341004 415942
October 2031 380252 344889 415615
November 2031 382039 359499 404580
December 2031 383835 352361 415309
Richmond Housing Market Forecast with Real Estate Prices for 2032
January 2032 385639 351703 419575
February 2032 387452 364205 410699
March 2032 389145 353733 424557
April 2032 389799 367971 411628
May 2032 390126 357745 422506
June 2032 390788 371248 410327
July 2032 391262 356831 425693
August 2032 390953 364368 417538
September 2032 390436 353735 427136
October 2032 389577 368150 411004
November 2032 389533 361876 417190
December 2032 390234 363308 417160
Richmond Housing Market Forecast with Real Estate Prices for 2033
January 2033 392058 369319 414797
February 2033 393901 355299 432503
March 2033 395508 361099 429918
April 2033 396767 368596 424937
May 2033 397384 372349 422419
June 2033 398214 362773 433655
July 2033 399795 366212 433377

> 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.