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Homes for Sale in Richmond
Richmond Real Estate & Homes for Sale in Kentucky
The community of Richmond is located in Bluegrass Country in eastern- central Kentucky about 25 miles from Lexington-Fayette, and roughly 360 miles from Chicago. Originally named for the same city in Virginia, Richmond serves as the county seat of Madison County. With a land area of approximately 19 square miles, Richmond was home to American frontiersmen Daniel Boone and Kit Carson, and is now home to over 29,000 residents.
The economy within the neighborhood is well developed and includes employment opportunities such as: educational, health and social services, retail trade, manufacturing, arts, entertainment recreation, accommodation and food services. Residents with children from grades K-12 will find excellent educational amenities through the Madison County School District with over three public high schools and seven public primary/middle schools. Those in pursuit of a degree in higher education will find over five nearby colleges and universities at their disposal, including Eastern Kentucky University and the University of Kentucky.
Recreational opportunities in the neighborhood offer amenities for all ages, including museums, and parks such as Fort Boonesborough State Park and Hummel Planetarium and Space Theatre. | Richmond, KY City Guide |
Prices of Richmond, Kentucky Homes for Sale
Real estate for sale in Richmond, KY is comprised of mainly single-family detached homes with very minimal opportunities to purchase townhouses or condos. A standard three bedroom home equipped with two baths can be purchased for less than $150,000. Slightly larger four bedroom homes with three baths can be found for sale just under $250,000. Larger estate properties with five+ bedrooms and three baths and up can be acquired from about $350,000 - $600,000+.
A typical two-bedroom Richmond, KY condo with two baths can be bought for about $250,000. Empty lots of land can also be acquired for those who wish to implement custom designs while building their dream home. An acre of residential land can be purchased for about $40,000.
Richmond Real Estate Stats and Trends for the week of October 31st, 2011: homes priced around $218,660 compared to $218,660 the previous week, to remain steady with no change in listing price. For Saturday, May 19th, the current national mortgage rate for a 30 year fixed mortgage is 3.73%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.39%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Richmond KY. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Richmond to help you find the best home! |