Home / Select Cities  /  2024 Comparing Richmond, VA vs. Lexington, KY

2024 Compare Cities Housing:
Richmond, VA vs Lexington, KY

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Highlights
- The median age of a home in Richmond is 38.1% older than the median age of a home in Lexington.

Housing
 Richmond, VALexington, KYUnited States
 Median Home Age633942
 Median Home Cost$327,100$260,300$338,100
 Home Appr. Last 12 months15.2%16.4%16.6%
 Home Appr. Last 5 yrs.57.5%52.8%57.0%
 Home Appr. Last 10 yrs.93.9%81.5%101.1%
 Property Tax Rate$9.5$9.4$11.0
 Homes Owned38.9%50.1%57.4%
 Housing Vacant10.3%7.5%11.2%
 Homes Rented50.8%42.4%31.4%
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 Avg Rent For Home Or Apartment
 Richmond, VALexington, KYUnited States
 Average Rent$1,680$1,510$1,840
 Studio Apartment$1,140$780$1,080
 1 Bedroom Home or Apartment$1,170$930$1,180
 2 Bedroom Home or Apartment$1,320$1,130$1,430
 3 Bedroom Home or Apartment$1,710$1,530$1,860
 4 Bedroom Home or Apartment$2,080$1,770$2,160
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 Vacant Housing
 Richmond, VALexington, KYUnited States
 Vacant For Rent2.9%2.2%1.9%
 Vacant Rented1.3%0.5%0.4%
 Vacant For Sale0.6%0.4%0.7%
 Vacant Sold0.6%0.2%0.4%
 Vacant Vacation0.3%1.0%3.6%
 Vacant Other4.6%3.2%4.1%
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 Owner-Occupied Housing Value
 Richmond, VALexington, KYUnited States
 Less Than $20,0001.1%1.4%2.6%
 $20,000 to $39,9990.4%0.7%2.4%
 $40,000 to $59,9990.9%1.0%2.8%
 $60,000 to $79,9992.9%2.0%3.9%
 $80,000 to $99,9994.2%3.8%4.5%
 $100,000 to $149,99911.4%16.7%11.3%
 $150,000 to $199,99915.1%19.3%13.0%
 $200,000 to $299,99921.0%25.2%20.1%
 $300,000 to $399,99916.5%14.5%13.6%
 $400,000 to $499,9998.6%6.4%8.3%
 $500,000 to $749,99910.3%5.7%9.7%
 $750,000 to $999,9993.9%2.0%3.9%
 $1,000,000 to $1,499,9992.3%0.6%2.2%
 $1,500,000 to $1,999,9990.7%0.2%0.8%
 $2,000,000 and over0.8%0.5%1.1%
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 Housing Units By Year Built
 Richmond, VALexington, KYUnited States
 2015 and Newer0.1%0.2%0.2%
 2010 to 20145.3%14.2%13.6%
 2000 to 20095.3%14.2%13.6%
 1990 to 19995.8%16.5%13.6%
 1980 to 19897.1%13.2%13.2%
 1970 to 19799.9%15.2%14.8%
 1960 to 19695.8%16.5%13.6%
 1950 to 195914.7%8.9%10.0%
 1940 to 19499.1%2.9%4.7%
 1939 or Earlier29.6%7.1%12.2%

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Reviews for Richmond    109 Reviews

Over 2 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

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Over 3 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

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Over 3 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

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Reviews for Lexington    62 Reviews

Lexington is a beautiful city. There are tons of tree lined streets and even trees in both sides of the city's only freeway. It's relatively small, which can be both  More

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Over 3 years ago

Very beautiful/underrated city!!  More

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I have lived here now for over five years, originally from the west coast and here is my top 10 for why you should NOT move here. #1 The Culture: They have none, it  More

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ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total
ZIPS IN LEXINGTON, KENTUCKY
40509, 40517, 40515, 40511, 40503, 40504, 40502, 40508, 40505, 40514, 14 total

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