The housing market in 40510 Lexington-Fayette, KY is quite strong as the median value for homes has increased 11.96% over the last year. Comparatively, the US housing market saw an appreciation of 8.27%, so it is clear that Lexington-Fayette is outperforming the national trend. Currently, the median housing value in 40510 Lexington-Fayette, KY stands at $611,400 which is much higher than the US median house price of $338,100. This shows that 40510 Lexington-Fayette, KY has a very desirable and expensive housing market that has been increasing in value faster than most other parts of the country.
The median home cost in Lexington-Fayette (zip 40510) is $611,400. Home appreciation the last 10 years has been 81.5%. Home Appreciation in Lexington-Fayette (zip 40510) is up 16.4%.
Average Age of Homes
- The median age of Lexington-Fayette (zip 40510) real estate is 43 years old
The Rental Market in Lexington-Fayette (zip 40510)
- Renters make up 24.9% of the Lexington-Fayette (zip 40510) population
- 0.0% of houses and apartments in Lexington-Fayette (zip 40510), 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.