Lexington-Fayette, KY is known for its housing affordability and appreciation. The median value of houses in the area currently stands at $260,300, which is significantly lower than the US median value of $338,100. However, that doesn't mean that house values are not rising; in fact, they have increased by 11.96% over the last year compared to 8.27% nationally - making it a great investment opportunity for buyers looking for a good return on their investments.
The median home cost in Lexington is $260,300. Home appreciation the last 10 years has been 81.5%. Home Appreciation in Lexington is up 16.4%.
Average Age of Homes
- The median age of Lexington real estate is 37 years old
The Rental Market in Lexington
- Renters make up 40.9% of the Lexington population
- 2.2% of houses and apartments in Lexington, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.