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In Madison County, Kentucky, short-term rentals (STRs) are legal and classified as such under local regulations. The city of Richmond has enacted an ordinance governing these rentals, requiring owners to register annually and obtain a business license at a modest fee of $50. Properties that typically thrive in this environment include urban apartments and suburban homes, often catering to both tourists and business travelers. The overall market is influenced heavily by local attractions, festivals, and significant educational institutions, such as Eastern Kentucky University, which draws visitors throughout the year. The Richmond Planning Commission serves as the primary government authority overseeing STR regulations and compliance. For further details, visit the Richmond city ordinance page at and learn more about planning regulations at.
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