The housing market in 40511 Lexington-Fayette, KY is significantly above the median of the United States. The median value of houses in this area is $265,500 - a full $73,600 higher than the US house median value of $338,100. Furthermore, in the last year, the appreciation rate for homes in 40511 Lexington-Fayette, KY has been 11.96%, more than three percentage points higher than the US rate of 8.27%. These figures show that this area is a desirable place to live and invest in homes; it means that people can count on their home's value continuing to increase over time.
The median home cost in Lexington-Fayette (zip 40511) is $265,500. Home appreciation the last 10 years has been 81.5%. Home Appreciation in Lexington-Fayette (zip 40511) is up 16.4%.
Average Age of Homes
- The median age of Lexington-Fayette (zip 40511) real estate is 21 years old
The Rental Market in Lexington-Fayette (zip 40511)
- Renters make up 32.3% of the Lexington-Fayette (zip 40511) population
- 3.0% of houses and apartments in Lexington-Fayette (zip 40511), 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.