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Rent To Own Homes in Lexington, KY

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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 152 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 vibrant city celebrated for its rich equestrian culture and local charm. With its blend of history, arts, and outdoor activities, the city offers a unique lifestyle for residents. The community focus and variety of amenities make it an attractive place to live, work, and play.

Current Market Conditions in Lexington, KY

The real estate market in Lexington is currently experiencing steady growth, with an increasing demand for both residential and commercial properties. This surge is driven primarily by the influx of new residents attracted by the area's economic opportunities and quality of life. Homes are selling fast, leading to competitive offers, particularly in sought-after neighborhoods.

As of late 2023, the market shows a mix of affordable options and luxury listings, catering to diverse buyer preferences. The average home price in Lexington has risen by about 8% over the past year, indicating a healthy appreciation of property values.

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.

Lexington, KY Rent To Own Homes

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