Richmond, KY
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Richmond short-term rental market based on reliable data.
Listings
114 / 211
Reliable / Active
Cap Rate
8%
Middle-Earners Gross Yield
Revenue
$21,923
Middle-Earners Revenue
Occupancy
52%
Middle-Earners Occupancy
Home Value
$288,529
Median Home Sale Price
Top Earners
$38,682
Top-Earners Revenue
Richmond
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Richmond.
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Very Investor friendly
Richmond Regulations
STRs are clearly permitted in most residential zones with simple, low-cost registration ($2.50 initial, $100 annual) and no apparent caps, while enforcement is active but predictable and the city’s tone is supportive.
Local STR Agent
STR specialist · Richmond, KY
About Richmond
Richmond is a home rule-class city in and the county seat of Madison County, Kentucky, United States. It is named after Richmond, Virginia, and is home to Eastern Kentucky University. The population was 34,585 at the 2020 census. Richmond is the fourth-largest city in the Bluegrass region (after Louisville, Lexington and Georgetown) and the state's seventh-largest city. It is the ninth largest population center in the state with a Micropolitan population of 106,864. The city serves as the center for work and shopping for south-central Kentucky. In addition, Richmond is the principal city of the Richmond-Berea, Kentucky Micropolitan Area, which includes all of Madison and Rockcastle counties.