Down-payment assistance
Habitat for Humanity of Madison and Clark Counties - Homeownership Program
First-time homebuyers · New construction · Income limits · Single Family
Down payment assistance · Madison County
Buying a home in Richmond, KY
1 Richmond program and 9 statewide.Richmond has 1 program of its own, and 9 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Richmond addresses
Richmond’s own program
The Richmond marketThe Richmond housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Richmond
- 39.8% single-familysingle-family
- 4.2% townhousetownhouse
- 21.4% 2–4 units2–4 units
- 31% 5+ unitscondo & apartment buildings (5+ units)
- 3.6% mobile & othermobile home & other
About condos. Richmond’s one local program does not list condos as eligible. Habitat for Humanity of Madison and Clark Counties - Homeownership Program lists single family.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Richmond’s homes were built
pre-19401970s2020+
28.1%
of Richmond homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$85,800
County area median income, 4 people (HUD)HUD area median income, Madison County, 4-person household (2026)
$50,870
Richmond median household incomeMedian household income in Richmond (Census, 2024)
14 of the 72 programs here set their income limit as a share of Madison County’s area median income, adjusted for household size. See the published limits for Madison County
Free help nearbyFree help near Richmond
Free help from a HUD-approved housing counselorFree help from a HUD-approved housing counselor
Richmond’s program asks for a homebuyer class first. Create a free account to see who’s near you and pick one.Habitat for Humanity of Madison and Clark Counties - Homeownership Program asks for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Kentucky and nationwide
71 statewide & federal programs9 statewide programs, plus federal options
Richmond questions
Does Richmond have its own down payment program?
Yes, one: Habitat for Humanity of Madison and Clark Counties - Homeownership Program, a down-payment assistance for first-time homebuyers (new construction, income limits). It is for homes inside Richmond.
Can I use assistance on a condo in Richmond?
Richmond’s one local program does not list condos as eligible. Habitat for Humanity of Madison and Clark Counties - Homeownership Program lists single family. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Madison County?
Each program sets its own. 14 of the programs here set theirs as a share of HUD’s area median income for Madison County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Richmond?
HUD-approved housing counseling agencies teach homebuyer classes. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
40475 · 40476
Nearby in Madison
Sources
Sources: agency sites (June–July 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–July 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.