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 926 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.

Utility Options:

0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 100, 101, 102, 103, 104, 105, 106, 107, 108, 109, 110, 111, 112, 113, 114, 115, 116, 117, 118, 119, 120, 121, 122, 123, 124, 125, 126, 127, 128

Building Utilities:

Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Underground Utilities

Directions:

From Lexington, Take I 75 S To Exit 97, Right On Lexington Rd Towards The Gas Station, Then Right Again And Follow Past The Clays Ferry Overlook To Entrance To Boones Trace On Avawam. Take First Left After The Boones Trace Guard Shack And Your Second Left Will Be Persimmon Ridge Trl.

Tax and Financial Info

Quick View

Address:

628 Persimmon Ridge Trail Richmond KY 40475

Status:

Active

On Site:

134 Days On Site

Price:

$40, 000

Lot Size:

0.94

County:

Madison

MLS #:

26002905

Property Type:

Unimproved Land

Community Information

Area:

008 Madison County

City:

Richmond

Subdivision:

Boones Trace

Zip Code:

40475

Active

$40,000

Beds

Baths

Sq. Ft.

628 Persimmon Ridge Trail, Richmond, KY, 40475

Est. Payments: $0/mo

Land

Built in

134 days on Site

0.94 Lot Size

Additional Details

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Description

Beautiful wooded lot in the Woodlands in Boones Trace and featuring a 24/7 gated security entrance for piece of mind. Boones Trace Amenities include: a fantastic 18 hole golf course, pool, clubhouse with restaurant and tennis courts. This property is ideally located with quick access to Lexington or Richmond....

Source: LBAR as distributed by MLS GRID, MLS ID: 26002905

Listing provided courtesy of Tamara Bayer with Kirkpatrick & Company

Last Updated: 2/18/2026 | 8:55 PM

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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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