The housing market in 40514 Lexington-Fayette, KY is performing well compared to the national average. The median value of homes in this area is $310,600 whereas the US median house value is $338,100. Additionally, the US one year house appreciation rate is 8.27%, but in 40514 Lexington-Fayette, KY it鈥檚 even higher at 11.96%. This demonstrates that real estate prices are appreciating quickly in this area and so those looking to invest in property are likely to get good returns on their investments.
The median home cost in Lexington-Fayette (zip 40514) is $310,600. Home appreciation the last 10 years has been 81.5%. Home Appreciation in Lexington-Fayette (zip 40514) is up 16.4%.
Average Age of Homes
- The median age of Lexington-Fayette (zip 40514) real estate is 22 years old
The Rental Market in Lexington-Fayette (zip 40514)
- Renters make up 10.1% of the Lexington-Fayette (zip 40514) population
- 0.6% of houses and apartments in Lexington-Fayette (zip 40514), 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.