Typically known as the “Horse Capital of the World,” Lexington, KY, is an iconic Southeastern metropolis. From famend eating places to the fabulous music scene, it’s not a shock that roughly 321,800 persons are dwelling in Lexington.
In case you’re trying to purchase a house in Lexington, anticipate to see the median dwelling sale value coming in at $285,000 and the common sale value per sq. foot at $160. And should you’re contemplating renting an house in Lexington, the common lease value for a two-bedroom house is $1,388.
If these costs are out of your finances, don’t fear. That can assist you discover the precise place to purchase a house or lease an house, we’ve collected a listing of the 7 finest inexpensive suburbs of Lexington, KY, try. They usually’re all lower than 45 minutes away from the town. That means you possibly can stay near Lexington and all its superior actions with out the worth tag of dwelling there.
#1: Paris
Median dwelling value: $160,000
Common sale value per sq. foot: $121
Driving distance from Lexington: half-hour
Paris, KY properties on the market
Paris, KY flats for lease
With a median dwelling sale value of $160,000, Paris takes the primary spot on our record of inexpensive Lexington suburbs. A couple of 30-minute drive northeast of downtown Lexington, Paris is dwelling to roughly 10,200 residents. In case you’re contemplating shifting to this space be certain to discover the Bourbon County Truthful, try Duncan Tavern, or cease by Hartfield & Firm Distillery.
#2: Cynthiana
Median dwelling value: $170,000
Common sale value per sq. foot: $123
Driving distance from Lexington: 45 minutes
Cynthiana, KY properties on the market
Cynthiana, KY flats for lease
Cynthiana is available in because the second finest inexpensive suburb in Lexington. A couple of 45-minute drive away from downtown Lexington, you possibly can go to the Kentucky Horse Park and the historic Keeneland Race Course very quickly. Some fashionable issues to discover in Cynthiana embody exploring the charming downtown space and testing Flat Run Veterans Park.
#3: Lawrenceburg
Median dwelling value: $191,000
Common sale value per sq. foot: $149
Driving distance from Lexington: 40 minutes
Lawrenceburg, KY properties on the market
Lawrenceburg, KY flats for lease
Lawrenceburg takes the third spot on our record, with a median dwelling sale value of $191,000, and a couple of 40-minute drive from Lexington. From parks and outside recreation to supporting native companies, there’s a lot of issues that make Lawrenceburg a fantastic place to stay.
#4: Frankfort
Median dwelling value: $223,000
Common sale value per sq. foot: $125
Driving distance from Lexington: 40 minutes
Frankfort, KY properties on the market
Frankfort, KY flats for lease
Solely barely dearer than Lawrenceburg is Frankfort, the subsequent suburb on our record. There are a number of prime points of interest chances are you’ll need to try in Lexington suburb. Be sure to go to the Kentucky State Capitol constructing and the historic buildings in downtown Frankfort, try one of many parks like Leslie Morris Park at Fort Hill, River View Park, and Capitol View Park, or discover Hurst Waterfall.
#5: Winchester
Median dwelling value: $237,000
Common sale value per sq. foot: $132
Driving distance from Lexington: 35 minutes
Winchester, KY properties on the market
Winchester, KY flats for lease
Drive 35 minutes outdoors of Lexington and also you’ll discover the suburb of Winchester, one other nice space so as to add to your record. With 19,100 residents, shifting to this inexpensive suburb can preserve you shut sufficient to Lexington, with out paying the premium for a house there. In Winchester, you possibly can discover the downtown space and spend the afternoon at one of many many parks.
#6: Richmond
Median dwelling value: $256,500
Common sale value per sq. foot: $146
Driving distance from Lexington: 40 minutes
Richmond, KY properties on the market
Richmond, KY flats for lease
Sixth on the record is one other well-known Lexington suburb is Richmond, the place the median dwelling sale value is about $30K lower than in Lexington. House to roughly 34,600 folks, Richmond is a superb suburb to contemplate shifting to. There’s a lot of actions to do like exploring Lake Reba and Eli Mullins Island and testing the Japanese Kentucky College campus, amongst many different native favorites.
#7: Nicholasville
Median dwelling value: $282,500
Common sale value per sq. foot: $161
Driving distance from Lexington: 28 minutes
Nicholasville, KY properties on the market
Nicholasville, KY flats for lease
Rounding out our record of inexpensive Lexington suburbs is none apart from Nicholasville. With a inhabitants of about 31,100, you’ll be dwelling in a smaller space, however there’s no scarcity of issues to do in Nicholasville. If you end up shifting to this suburb, be certain to take a look at one of many many parks within the metropolis.
Methodology: Affordability is predicated on whether or not a suburb’s median dwelling sale value or common sale value per sq. foot is lower than Lexington and below a 45-minute drive from downtown Lexington. Median dwelling sale value information from the Redfin Information Middle throughout March 2023. Common rental information from Hire.com March 2023. Inhabitants information sourced from the United States Census Bureau.
