HomeKentuckyMadison CountyRichmond
Richmond, Kentucky: commercial real estate data.
Richmond is a Census city of 37,111 people across 21.96 square miles of land, in Madison County. Median household income is $50,870, 38.3 percent of occupied homes are owned, and the SBA record carries 55 7(a) approvals to borrowers here worth $27.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Richmond
What Richmond is
- Census place typecity
- Land area21.96 sq mi
- Water area0.25 sq mi
- Population per square mile of land1,690
- County holding the largest share of its areaMadison County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
How many people live in Richmond
- Population37,111
- Median age28.4
- Population under 186,694
- Share under 1818.0 percent
- Population 65 and over3,984
- Share 65 and over10.7 percent
- Households15,202
- Family households6,945
- Share of households that are families45.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
Income and work in Richmond
- Median household income$50,870
- Per capita income$29,276
- Civilian labor force21,072
- Employed19,663
- Unemployed1,409 plus or minus 436
- Unemployment rate6.7 percent plus or minus 2.1
- Adults 25 and over21,114
- Adults 25 and over with a high school diploma or higher90.1 percent
- Adults 25 and over with a bachelor degree or higher34.9 percent
- Adults 25 and over with a graduate degree14.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
Housing in Richmond
- Housing units16,738
- Occupied units15,202
- Vacant units1,536 plus or minus 332
- Vacancy rate9.2 percent plus or minus 2.0
- Owner occupied5,817
- Renter occupied9,385
- Ownership rate38.3 percent
- Median owner-occupied home value$214,900
- Median gross rent, monthly$917
- Annual rent as a share of median income21.6 percent
- Single family units7,356
- Share single family43.9 percent
- Units in buildings of two or more8,774
- Share in buildings of two or more52.4 percent
- Mobile homes588 plus or minus 220
- Median year structure built1994
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
How Richmond gets to work
- Workers 16 and over who commute17,590
- Commuting under 15 minutes6,907
- Share commuting under 15 minutes39.3 percent
- Commuting 30 minutes or more6,166
- Share commuting 30 minutes or more35.1 percent
- Drove alone76.1 percent
- Carpooled9.3 percent plus or minus 2.0
- Public transport0.0 percent
- Walked4.9 percent
- Worked from home8.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Richmond
SBA loans in Richmond (7(a))
- Approvals55
- Gross approval$27,594,000
- Average approval$501,709
- Median approval$178,500
- Ninetieth percentile approval$1,617,600
- Largest approval$4,000,000
- Jobs supported775
- Jobs per approval14.1
- Loans with a final outcome6
- Paid in full5
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more16.4 percent
- Share to franchises5.5 percent
- Distinct lenders23
- Distinct industries by NAICS35
Counted by borrower city: approvals to borrowers whose address is in Richmond, in any county, FY2020 to FY2026. Only 6 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Richmond
SBA loans in Richmond (504)
- Approvals5
- Gross approval$3,523,000
- Average approval$704,600
- Median approval$647,000
- Largest approval$1,243,000
- Jobs supported43
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Richmond, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Richmond
Flood risk in Richmond
- NFIP communityCity of Richmond
- NFIP community number210157
- Participating in the NFIPYes
- Community Rating System classClass 8
- Currently effective map date12/21/17
The City of Richmond participates in the National Flood Insurance Program as community 210157 and carries Community Rating System class 8, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Madison County, not Richmond
Madison County context, not Richmond figures
- Establishments in Madison County1,808
- Covered employment, Madison County36,909
- Average annual pay, Madison County$53,794
- Housing units permitted, Madison County816
Every figure in this section is published for Madison County as a whole and is not a measurement of Richmond.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Richmond questions, answered from the record.
How many people live in Richmond, Kentucky?
37,111, in 15,202 households. Richmond city covers 21.96 square miles of land, which is 1,690 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Richmond in?
Madison County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Richmond?
$50,870. The median owner-occupied home is valued at $214,900. Median gross rent is $917 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Richmond businesses?
55 7(a) approvals totaling $27.6 m since FY2020, across 23 lenders, median approval $178,500, plus 5 504 approvals worth $3.5 m since FY2010. These count approvals to borrowers whose address is in Richmond, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Richmond borrowers get paid back?
No rate is published for Richmond. Only 6 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Richmond in the National Flood Insurance Program?
Yes. Richmond appears in the FEMA Community Status Book as Richmond, city of, community 210157, carrying Community Rating System class 8, which is a premium discount for exceeding the program minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Richmond figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Madison County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Richmond.
Is zoning published for Richmond?
No. Nothing on this page presents parcel level zoning.