What is the rental vacancy rate in Richmond, KY?

The rental vacancy rate in Richmond, KY is 4.6% (±1.8 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 1.3% (±1.5 points).

1,536 (±332) homes, 9.2% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Richmond, the rental vacancy rate went from 4.9% in 2015–2019 to 4.6% in 2020–2024 (−0.3 percentage points), not a measurable change.

Figures last updated on .

Rental vacancy rate
4.6% (±1.8 points)
Homeowner vacancy rate
1.3% (±1.5 points)
Vacant homes
1,536 (±332)

Vacancy in Richmond against Madison County, its state and the nation

Estimate (90% margin of error)
RichmondMadison CountyKentuckyUnited States
Rental vacancy rate4.6% (±1.8 points)4.6% (±1.6 points)4.6% (±0.3 points)5.5%
Homeowner vacancy rate1.3% (±1.5 points)1.5% (±0.8 points)0.9% (±0.1 points)0.9%
Vacant housing units1,536 (±332)3,405 (±508)208,647 (±5,298)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Richmond, the rental vacancy rate is not measurably different from Madison County (4.6%).

It is not measurably different from Kentucky (4.6%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Richmond

Nearest places with a published estimate, compared with Richmond
PlaceDistanceRental vacancy rateCompared with this place
Richmond—4.6% (±1.8 points)—
Berea9.7 mi6.3% (±4.8 points)Not measurably different
Lancaster17 mi5.3% (±7.5 points)Not measurably different
Irvine18 mi2.9% (±3.8 points)Not measurably different
Nicholasville18 mi2.3% (±1.9 points)Not measurably different
Ravenna19 mi0.0% (±29.4 points)Not measurably different
Winchester20 mi2.5% (±2.9 points)Not measurably different
Crab Orchard22 mi4.6% (±7.5 points)Not measurably different
Clay City22 mi0.0% (±11.3 points)Not measurably different

None of the nearby places differs measurably from this one on this figure.

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Richmond

Is it hard to find a rental in Richmond?

The rental vacancy rate in Richmond, KY is 4.6% (±1.8 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Richmond tighter than it was?

In Richmond, the rental vacancy rate went from 4.9% in 2015–2019 to 4.6% in 2020–2024 (−0.3 percentage points), not a measurable change.

How many homes are vacant in Richmond?

An estimated 1,536 (±332) housing units, 9.2% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Richmond city, Kentucky (place:65226, in state:21).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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