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 $252,991, lower than the Lexington average of $306,868.

The average cost of rent is $1,282/mo in Mount Vernon-Hollywood-Montclair, primarily driven by the current value of real estate in the Mount Vernon-Hollywood-Montclair area. In Mount Vernon-Hollywood-Montclair, 67.78% of households rent, and 45.71% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mount Vernon-Hollywood-Montclair is $2,760 per month. Households that rent pay about 46.44% 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 northern 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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