The Most Affordable Neighborhoods in Chevy Chase-Ashland Park, Lexington, KY by Home Value

 

Chevy Chase-Ashland Park, Lexington, KY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Chevy Chase-Ashland Park area can be challenging. Home prices in Chevy Chase-Ashland Park are now at a median cost of $680,513, higher than the Lexington average of $306,868.

The average cost of rent is $1,175/mo in Chevy Chase-Ashland Park, primarily driven by the current value of real estate in the Chevy Chase-Ashland Park area. In Chevy Chase-Ashland Park, 40.34% of households rent, and 42.76% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Chevy Chase-Ashland Park is $9,255 per month. Households that rent pay about 12.70% of their income on rent here. Chevy Chase-Ashland Park’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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