Lexington, KY

Population: 310,797
Average annual home appreciation rate: 6.15%
Total of homes for sale in this market: 1,833
Median home price: $169,854
Median Rent: $906
Home price range: 48.46% of homes are between $102,001 – $205,000
Median sales price: Still Gathering Data
Number of homes: 455
Median foreclosure sales price: Still Gathering Data
Foreclosure discount: Still Gathering Data
Most common home type: 59.96% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.45%
Number of renters: 47.11%
Number of owner occupied: 52.89%
Number people living below poverty level: 18.89%
Unemployment rate: 3.6%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Lexington area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *