The Most Affordable Neighborhoods in Mount Vernon-Hollywood-Montclair, Lexington, KY by Home Value

 

Mount Vernon-Hollywood-Montclair, Lexington, KY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mount Vernon-Hollywood-Montclair area can be challenging. Home prices in Mount Vernon-Hollywood-Montclair are now at a median cost of $277,491, higher than the Lexington average of $232,395.

The average cost of rent is $985/mo in Mount Vernon-Hollywood-Montclair, primarily driven by the current value of real estate in the Mount Vernon-Hollywood-Montclair area. While nearly 63.12% of residents own their homes outright in Mount Vernon-Hollywood-Montclair, 76.71% rent.

Housing affordability isn’t just about home prices, though. The average household income in Mount Vernon-Hollywood-Montclair is $2,879 per month. Households that rent pay about 34.20% of their income on rent here. Mount Vernon-Hollywood-Montclair's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the neighborhood.


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