Home / Select Cities  /  2024 Comparing Newport, KY vs. Richmond, KY

2024 Compare Cities Housing:
Newport, KY vs Richmond, KY

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Highlights
- The median age of a home in Newport is 64.1% older than the median age of a home in Richmond.

Housing
 Newport, KYRichmond, KYUnited States
 Median Home Age782842
 Median Home Cost$199,100$249,300$338,100
 Home Appr. Last 12 months15.5%15.5%16.6%
 Home Appr. Last 5 yrs.54.2%49.5%57.0%
 Home Appr. Last 10 yrs.78.7%69.9%101.1%
 Property Tax Rate$14.2$9.0$11.0
 Homes Owned41.9%32.6%57.4%
 Housing Vacant13.5%10.3%11.2%
 Homes Rented44.6%57.0%31.4%
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 Avg Rent For Home Or Apartment
 Newport, KYRichmond, KYUnited States
 Average Rent$1,360$1,050$1,840
 Studio Apartment$690$640$1,080
 1 Bedroom Home or Apartment$790$650$1,180
 2 Bedroom Home or Apartment$1,030$790$1,430
 3 Bedroom Home or Apartment$1,380$1,060$1,860
 4 Bedroom Home or Apartment$1,550$1,060$2,160
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 Vacant Housing
 Newport, KYRichmond, KYUnited States
 Vacant For Rent2.9%2.9%1.9%
 Vacant Rented3.6%0.6%0.4%
 Vacant For Sale0.4%0.4%0.7%
 Vacant Sold0.7%0.6%0.4%
 Vacant Vacation0.0%0.4%3.6%
 Vacant Other5.9%5.5%4.1%
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 Owner-Occupied Housing Value
 Newport, KYRichmond, KYUnited States
 Less Than $20,0001.8%7.4%2.6%
 $20,000 to $39,9992.4%0.7%2.4%
 $40,000 to $59,9993.7%1.5%2.8%
 $60,000 to $79,99911.5%1.4%3.9%
 $80,000 to $99,9995.9%8.9%4.5%
 $100,000 to $149,99918.1%26.2%11.3%
 $150,000 to $199,99915.0%22.5%13.0%
 $200,000 to $299,99913.4%23.6%20.1%
 $300,000 to $399,99911.3%3.3%13.6%
 $400,000 to $499,99911.8%3.2%8.3%
 $500,000 to $749,9993.7%0.4%9.7%
 $750,000 to $999,9990.7%0.9%3.9%
 $1,000,000 to $1,499,9990.6%0.2%2.2%
 $1,500,000 to $1,999,9990.0%0.0%0.8%
 $2,000,000 and over0.0%0.0%1.1%
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 Housing Units By Year Built
 Newport, KYRichmond, KYUnited States
 2015 and Newer0.0%0.0%0.2%
 2010 to 20147.0%17.0%13.6%
 2000 to 20097.0%17.0%13.6%
 1990 to 19993.5%24.3%13.6%
 1980 to 19895.7%16.2%13.2%
 1970 to 19795.6%9.4%14.8%
 1960 to 19693.5%24.3%13.6%
 1950 to 19599.8%4.7%10.0%
 1940 to 19495.1%1.3%4.7%
 1939 or Earlier48.5%4.0%12.2%

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Reviews for Newport    0 Reviews

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Reviews for Richmond    4 Reviews

Over 6 years ago

Keep this between us... Richmond is a hidden gem. A small university town close to a large city (Lexington is 30 minutes away) and less than two hour from very large  More

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For a smallish town, Richmond offers a convenient location and great small restaurants. Fortunately it is also wedged between Lexington and little Berea, both with more  More

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Over 15 years ago

Major university town of small size (30,000), and conveniently located 30 miles from Lexington,  More

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ZIPS IN NEWPORT, KENTUCKY
41071
ZIPS IN RICHMOND, KENTUCKY
40475

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