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.

Directions:

Take Exit 95 For KY 627 Toward Boonesborough/Winchester Turn Right Onto KY 627 S/State Hwy 3055 Turn Left Onto US 25 S/US 421 S Destination Will Be On The Left

Tax and Financial Info

Quick View

Address:

2725 Lexington Road Richmond KY 40475

Status:

Active

On Site:

231 Days On Site

Price:

$400, 000

Lot Size:

County:

Madison

MLS #:

25506084

Property Type:

Unimproved Land

Community Information

Area:

008 Madison County

City:

Richmond

Subdivision:

Rural

Zip Code:

40475

Active

$400,000

Beds

Baths

Sq. Ft.

2725 Lexington Road, Richmond, KY, 40475

Est. Payments: $0/mo

Land

Built in

231 days on Site

2 Lot Size

Additional Details

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Description

Excellent opportunity to own 2 acres with prime potential for your business! Conveniently located with great access to I-75, this property offers visibility and accessibility for a variety of commercial uses. Utilities are available at the site but not currently connected, giving you flexibility to design and build to suit your needs....

Source: LBAR as distributed by MLS GRID, MLS ID: 25506084

Listing provided courtesy of L Jason Carpenter with Lifstyl Real Estate

Last Updated: 5/8/2026 | 4:43 PM

Mortgage Calculator

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Price & Interest: 0/mo

Property Tax: 0/mo

Mortgage Insurance: 0/mo

Home Insurance: 0/mo

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About the Neighborhood

Zip Code 40475, Kentucky, located in Madison County, offers a tranquil environment with mostly single detached homes complemented by small apartment buildings and duplexes. The neighborhood features a variety of unit sizes, from lofts to spacious four-bedroom residences. Parking is convenient throughout the area, making car travel easy and efficient. Residents can access several primary schools nearby, including both public and private options. Pharmacies within the community provide essential items and also offer some basic groceries for added convenience. The neighborhood’s quiet atmosphere provides a peaceful setting, with most locations unaffected by urban noise, enhancing the overall living experience.

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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