The housing market in 40502 Lexington-Fayette, KY is thriving, with the median housing value sitting at $436,000. This is significantly higher than the US median house value of $338,100 and reflects strong appreciation in the area over the last year of 11.96%, which is nearly double the US 1 year house appreciation rate of 8.27%. The strong economic growth and rising home values indicate that this area is a favorable place to invest in real estate and to settle down.
The median home cost in Lexington-Fayette (zip 40502) is $436,000. Home appreciation the last 10 years has been 81.5%. Home Appreciation in Lexington-Fayette (zip 40502) is up 16.4%.
Average Age of Homes
- The median age of Lexington-Fayette (zip 40502) real estate is 52 years old
The Rental Market in Lexington-Fayette (zip 40502)
- Renters make up 38.4% of the Lexington-Fayette (zip 40502) population
- 1.3% of houses and apartments in Lexington-Fayette (zip 40502), 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.