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These days, finding an affordable place to live in the Downtown Lexington area can be challenging. Home prices in Downtown Lexington are now at a median cost of $411,093, higher than the Lexington average of $306,868.
The average cost of rent is $875/mo in Downtown Lexington, primarily driven by the current value of real estate in the Downtown Lexington area. In Downtown Lexington, 73.88% of households rent, and 42.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Lexington is $3,836 per month. Households that rent pay about 22.82% of their income on rent here. Downtown Lexington’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Duncan Park, Lexington, KY: less expensive homes
- Mount Vernon-Hollywood-Montclair, Lexington, KY: less expensive homes
- University of Kentucky, Lexington, KY: less expensive homes
- Virginia Ave, Lexington, KY: less expensive homes
- Fairway-Liberty Heights, Lexington, KY: less expensive homes
- Chevy Chase-Ashland Park, Lexington, KY: higher priced homes
- Castlewood Park, Lexington, KY: less expensive homes
- Cardinal Hill-Pine Meadow, Lexington, KY: less expensive homes
- Southland Deerfield Open Gates, Lexington, KY: less expensive homes
- Kenawood-Rockwood, Lexington, KY: less expensive homes
Neighborhoods with Similar Populations
- Bandini, Commerce, CA: higher priced homes
- Willowcreek, Sacramento, CA: higher priced homes
- Waltherson, Baltimore, MD: less expensive homes
- Tradition, Port St. Lucie, FL: higher priced homes
- Timmerman West, Milwaukee, WI: less expensive homes
- Southwest, San Antonio, TX: less expensive homes
- Sandtown-Winchester, Baltimore, MD: less expensive homes
- La Sierra Hills, Riverside, CA: higher priced homes
- Downtown Charlotte, Charlotte, NC: higher priced homes
- Cazenovia Park, Buffalo, NY: less expensive homes
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