Lexington, KY Foreclosures
How much do homes sell for in Lexington, KY?
The average home price is currently $446,781.
In Lexington, KY, how many homes are available?
There are currently 593 active home listings available in Lexington.
What’s the average rental cost in Lexington, KY?
The average rental price in Lexington is $1,354.
What is the most expensive home in Lexington?
The most expensive home sold in Lexington had a price of $110,406,616.
What is currently the cheapest priced home in Lexington, KY?
The cheapest home for sale in Lexington is priced at $10,068.
Living in Lexington, KY
Lexington, KY, is a charming city known for its horse farms, vibrant arts scene, and excellent educational institutions. With a mix of urban amenities and scenic beauty, it offers a high quality of life for both families and young professionals. The city's strong sense of community and rich cultural heritage make it a wonderful place to call home.
Current Market Conditions in Lexington, KY
The real estate market in Lexington, KY, has shown steady growth over the past year, driven by demand for homes and a shortage of available listings. The average home price has increased due to high buyer interest, with many looking to relocate to this appealing area known for its quality of life, educational opportunities, and outdoor activities. As the economy stabilizes, the demand for housing continues to rise, creating a competitive market.
In recent months, the market has demonstrated signs of resilience, with homes selling quickly and often above asking price. Buyers are increasingly drawn to the suburbs for more space, while urban dwellers seek the vibrant lifestyle of downtown. The combination of a strong job market and low interest rates encourages both first-time buyers and investors to explore opportunities in Lexington.
Home Value Estimator For Lexington, KY
There are currently 105,621 real estate properties
in Lexington, KY,
with a median automated valuation model (AVM) price
of $314,124.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lexington, KY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lexington, KY,
is $446,781.00, with the most expensive house
in Lexington, KY, topping out
at $110,406,616.00 and the cheapest home
in Lexington, KY,
clocking in at $10,068.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lexington, KY!
Rent Prices
In Lexington, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lexington, KY, is on
a rollercoaster ride. The
average rent price in Lexington, KY,
is $1,354.00. Indeed, when looking to rent in
Lexington, KY, you can expect to pay as little
as $400.00 or as much
as $3,440.00,
with the average rent median estimated to
be $1,220.00. The good news is that finding
an affordable and desirable property to rent in Lexington, KY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
