The housing market in 40509 Lexington-Fayette, KY is an attractive option for buyers looking to invest in the area. The median value of homes in this area is $334,100, which is slightly lower than the US House Median Value of $338,100. This still provides a great value for buyers looking to purchase a home in this area. Additionally, the appreciation of homes over the past year has been 11.96% compared to the US 1 year House Appreciation rate of 8.27%. This indicates that purchasing a home here may prove to be a very smart investment decision over time.
The median home cost in Lexington-Fayette (zip 40509) is $334,100. Home appreciation the last 10 years has been 81.5%. Home Appreciation in Lexington-Fayette (zip 40509) is up 16.4%.
Average Age of Homes
- The median age of Lexington-Fayette (zip 40509) real estate is 18 years old
The Rental Market in Lexington-Fayette (zip 40509)
- Renters make up 35.1% of the Lexington-Fayette (zip 40509) population
- 2.3% of houses and apartments in Lexington-Fayette (zip 40509), 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.