Zip Code
40475
City
Richmond, KY
Population & Migration
What is the forecasted population for Zip code 40475 Richmond, KY?
- Population census 2020
- 63,422
- Forecasted population 2025
- 66,597
- 5% vs. 2020
- Forecasted population 2030
- 69,800
- 10.1% vs. 2020
Zip code 40475 Richmond, KY population is forecasted to grow 5% by 2025 (0.3 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 66,597 people for 2025 zip code 40475 Richmond, KY will generate a good demand for housing, which is expected to have a deficit of 2,590 houses for 2030. Vacancy rate is 1.9 points below national US average.
- Total homes available 2020
- 25,760
- Estimated total home demand in 2030
- 28,350
- Total homes balance inventory
- 2,590
Average Household Income in zip code 40475 Richmond, KY
from Internal Revenue Service
- Average household income in 2021
- $76,444
Affordability
- Affordability Index
- 3
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 40475 Richmond, KY?
County total number of drinking water violations
12
-95%
226
County total number of drinking water contaminations
5
-78%
23
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