Richmond-Berea Metro Area, KY Housing

The housing in Richmond-Berea, KY Metro Area is currently valued at $200,800, which is significantly lower than the United States median house value of $338,100. While the US has seen a 1 year appreciation rate of 8.27%, the Richmond-Berea area’s appreciation rate has been even higher at 12.72%. This indicates that the housing market in this area is strong and is expected to continue appreciating in the future.

The median home cost in Richmond-Berea Metro Area is $200,800. Home appreciation the last 10 years has been 70.3%. Home Appreciation in Richmond-Berea Metro Area is up 16.0%.

Average Age of Homes

- The median age of Richmond-Berea Metro Area real estate is 27 years old

The Rental Market in Richmond-Berea Metro Area

- Renters make up 33.6% of the Richmond-Berea Metro Area population
- 1.7% of houses and apartments in Richmond-Berea Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Richmond-Berea, Kentucky	United States
	45,714.0	139,647,020.0
	30	42
	$200,800	$338,100
	16.0%	16.6%
	50.2%	57.0%
	70.3%	101.1%
	$7.97	$10.98
	$1,279	$2,690
	55.7%	57.4%
	10.3%	11.2%
	34.0%	31.4%
Vacant Housing
	1.7%	1.9%
	0.2%	0.4%
	0.8%	0.7%
	0.3%	0.4%
	0.4%	3.6%
	6.8%	4.1%
Value of Owner-Occupied Housing
	5.4%	2.6%
	3.2%	2.4%
	4.3%	2.8%
	5.0%	3.9%
	7.1%	4.5%
	20.7%	11.3%
	20.2%	13.0%
	20.1%	20.1%
	7.5%	13.6%
	3.9%	8.3%
	1.9%	9.7%
	0.3%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	18.0%	13.6%
	18.0%	13.6%
	22.3%	13.6%
	15.1%	13.2%
	13.6%	14.8%
	22.3%	13.6%
	4.1%	10.0%
	2.5%	4.7%
	5.6%	12.2%

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