Frequently Asked Questions

Are house prices dropping in Richmond?

The house prices in Richmond are indeed dropping at the moment. There has been a decrease in price of $7,079.92. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

What is the housing market like in Richmond at this time?

The housing market and house prices in Richmond are going down. The average house price is $169,000.00 and the average price per square feet is $117.44 per square foot. At the moment, there are 2347 homes listed - 319 active, 87 pending, and 1941 sold in Richmond.

What is the most popular place to buy a house in Richmond?

The most popular place to buy a home in Richmond is 8912 - Wayne - Wayne. 8912 - Wayne - Wayne has the most properties listed and appears to have the highest demand.

What is the amount of property taxes you have to pay for a house in Richmond?

The average amount of property taxes you would have to pay for a home in Richmond is $1,732.69. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.

How fast are houses listed in Richmond being sold?

Properties in Richmond stay on the market for an average of 83 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.

How often are houses listed for sale in Richmond?

The last home listed in Richmond was 1008 minutes ago.

Can you visit houses in Richmond?

Currently, there are 1 open houses available for viewing in Richmond.

What is the most expensive house in Richmond?

The cost of the most expensive home in Richmond is $1,495,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.

What is the cheapest house in Richmond?

The cost of the cheapest home in Richmond is $15,500.00. Buying a cheaper home can keep payments low and leave room for customization.

How old are the homes in Richmond?

The oldest home in Richmond was built in 1910, and the newest in 2026.

How big are the homes in Richmond?

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The average property size in Richmond is 1859.46 sq.ft., the largest being 6310 sq.ft., and the smallest being 0 sq.ft.

Lot Dimensions:

9583.2

Lot Features:

Zoning:

R 2

Directions:

Eastern Bypass To Boggs Lane. Lot On Left

Tax and Financial Info

Quick View

Address:

120 Boggs Lane Richmond KY 40475

Status:

Active

On Site:

41 Days On Site

Price:

$120, 000

Lot Size:

0.22

County:

Madison

MLS #:

26011676

Property Type:

Unimproved Land

Community Information

Area:

008 Madison County

City:

Richmond

Subdivision:

Downtown

Zip Code:

40475

Active

$120,000

$5,000 on 06/17/2026

Beds

Baths

Sq. Ft.

120 Boggs Lane, Richmond, KY, 40475

Est. Payments: $0/mo

Land

Built in

41 days on Site

0.22 Lot Size

Additional Details

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Description

Prime opportunity in one of Richmond's strongest redevelopment corridors. Near Boggs Lane and Big Hill Avenue gives this site excellent visibility and access, with close proximity to EKU, downtown Richmond, and the Eastern Bypass growth corridor. Zoned R-3 and reportedly suited for a 4-plex configuration, this lot fits the current demand ...

Source: LBAR as distributed by MLS GRID, MLS ID: 26011676

Listing provided courtesy of Kim Caywood with The Real Estate Co.

Last Updated: 6/17/2026 | 3:03 PM

Mortgage Calculator

Loan Price: 0/mo

Price & Interest: 0/mo

Property Tax: 0/mo

Mortgage Insurance: 0/mo

Home Insurance: 0/mo

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About the Neighborhood

Richmond offers a peaceful environment with low noise levels, especially away from major thoroughfares. The housing selection includes a variety of options such as single detached homes, small apartment buildings, and duplexes, catering to different preferences and needs. Residents benefit from convenient access to both public and private elementary schools as well as secondary schools. Numerous supermarkets are available locally, alongside a handful of restaurants and cafes that add to the neighborhood's charm. Despite some elevation changes, the area’s car-friendly design makes parking simple and accessibility straightforward. This community combines relaxed surroundings with practical amenities for easy day-to-day living.

Learn more about

Richmond Market Report

Avg. Days on Market

192

Avg. Price Per Sq. Ft.

118.59

Median List Price

$174,900

Homes Listed

348

Frequently Asked Questions

Richmond Ky Neighborhoods

Wayne County Richmond Ky Greenwood

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

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