Markets/Kentucky/Richmond-Berea

Richmond-Berea, KY Real Estate Market 2026

Investor-grade market analytics for Richmond-Berea, Kentucky. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$265,212

+1.0% year-over-year

Est. Rental Yield

5.0%

gross annual

12-Month Forecast

+1.0%

base case (Zillow ZHVF)

+1.0% year-over-year

Climate Risk

18/100

Very Low

Market Momentum

➡️
Neutral
3.5mo supply · Score 0/7

Net migration: Top 13% nationally

Income Migration

➡️ Neutral0.99x

In-migrants avg $48,386 AGI vs out-migrants $48,625

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Opportunity Zone Market

1 ZIP codes in Richmond-Berea are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Richmond-Berea Market Summary

Richmond-Berea, KY is in a stabilization phase with 1.0% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability remains favorable with a price-to-income ratio of 4.51x, below the national average of 4.8x. Modest net positive migration (+407 returns/year) provides steady demand support. Climate risk remains low (18/100), favorable for long-term investment stability. Rental yield of 5.05% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score78/100
Price-to-Income Ratio4.5x (national avg 4.8x)
Median Household Income$58,837

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+0.5%
Base Case+1.0%
Bull Case+1.5%

Climate & Natural Hazard Risk

Richmond-Berea, KY's primary climate exposure is wind storms (48/100). The composite climate risk score of 18/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Richmond-Berea dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.