Zip 40513 (Lexington-Fayette, KY) Housing

Housing in Lexington-Fayette, KY (40513) is significantly more expensive than the US median value of $338,100. The median value for a home in this area is $492,300. Despite this high cost, houses here are appreciating faster than the national rate of 8.27%, with an appreciation rate of 11.96%. This indicates that people are getting good returns on their investments and further illustrates the value of homeownership in this part of Kentucky.

The median home cost in Lexington-Fayette (zip 40513) is $492,300. Home appreciation the last 10 years has been 81.5%. Home Appreciation in Lexington-Fayette (zip 40513) is up 16.4%.

Average Age of Homes

- The median age of Lexington-Fayette (zip 40513) real estate is 22 years old

The Rental Market in Lexington-Fayette (zip 40513)

- Renters make up 20.1% of the Lexington-Fayette (zip 40513) population
- 2.0% of houses and apartments in Lexington-Fayette (zip 40513), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lexington-Fayette, Kentucky	United States
	4,650.0	139,647,020.0
	27	42
	$492,300	$338,100
	16.4%	16.6%
	52.8%	57.0%
	81.5%	101.1%
	$9.19	$10.98
	$3,417	$2,690
	70.9%	57.4%
	5.5%	11.2%
	23.6%	31.4%
Vacant Housing
	2.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.5%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.6%	2.4%
	0.0%	2.8%
	1.2%	3.9%
	0.8%	4.5%
	0.4%	11.3%
	8.8%	13.0%
	16.1%	20.1%
	30.2%	13.6%
	16.9%	8.3%
	20.3%	9.7%
	4.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.8%	13.6%
	20.8%	13.6%
	46.8%	13.6%
	19.8%	13.2%
	6.0%	14.8%
	46.8%	13.6%
	0.5%	10.0%
	0.5%	4.7%
	0.9%	12.2%

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