The housing market in 40515 Lexington-Fayette, KY is more expensive than the rest of the United States with a median value of $300,100 compared to the US House Median Value of $338,100. In addition to being more expensive, this area has also seen a greater appreciation over the last year with an 11.96% increase in house value compared to 8.27% nationwide. This shows that people are increasingly seeking out homes in Lexington-Fayette and should continue to be a strong market for years to come.
The median home cost in Lexington-Fayette (zip 40515) is $300,100. Home appreciation the last 10 years has been 81.5%. Home Appreciation in Lexington-Fayette (zip 40515) is up 16.4%.
Average Age of Homes
- The median age of Lexington-Fayette (zip 40515) real estate is 28 years old
The Rental Market in Lexington-Fayette (zip 40515)
- Renters make up 31.6% of the Lexington-Fayette (zip 40515) population
- 2.6% of houses and apartments in Lexington-Fayette (zip 40515), 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.