The story of this market
The typical home in Fayette County, Kentucky sells for about $350,000, or $195 per square foot.
Prices are roughly flat from a year ago (-0.9%), a market in balance. Homes take about 38 days to sell. Over the long run, values in this county have grown 133% since 2000. Last year 52 of 71 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is tornado, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,416 a month.
HUD sets the fair market rent for a 2-bedroom at $1,416 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+1.3%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+12.7%). Worst: 2011 (-1.7%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.3%
KY · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,948
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+1.3%
2025 change
FHFA repeat-sales index, median of 71 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
48
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $113,239,242.
Mortgage activity
Home lending in this county
84.3%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 14118 | 8694 | 84.3% | 15.5% | $195,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Fayette County, Kentucky
Fayette County's housing market remains constrained by structural supply limits imposed by the consolidated Urban Services Boundary, keeping median home values resilient near $350,000. Despite minor year-over-year pricing dips and longer marketing times driven by mortgage rate sensitivity, steady employment in healthcare, higher education, and regional manufacturing preserves strong baseline demand.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 1 city · 15 ZIP reports
Median prices moved up 3.5% year over year.
Homes spend a median of 39 days on market with 1.1 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 23.58% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 15.2% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 15 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Fayette County, Kentucky — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Oct 7, 2026.
researched Sep 17
researched Sep 17
researched Sep 17
researched Sep 17
researched Sep 21
researched Sep 21
researched Sep 17
researched Sep 21
researched Sep 17
researched Sep 17
| 40502 | Lexington | $360,000 | $197 | -2.4% | 38 | 98.5% | 37.8% | 7.8 | 77 | $1,089 | researched Sep 17 |
| 40503 | Lexington | $352,000 | $186 | +3.2% | 70 | 100% | 44.3% | 2.5 | 735 | $1,168 | researched Sep 17 |
| 40504 | Lexington | $276,000 | $187 | +3.8% | 42 | 98% | 15% | 1.6 | 39 | $970 | researched Sep 17 |
| 40505 | Lexington | $364,450 | $186 | +8.8% | 42 | 100% | 32.8% | 1.6 | 2,492 | $925 | researched Sep 17 |
| 40506 | Lexington | $365,000 | $205 | +4.2% | 24 | 99.1% | 22% | 3.2 | 1,200 | $1,450 | researched Sep 21 |
| 40507 | Lexington | $883,000 | $616 | +47.7% | 57 | 90.8% | — | — | 13 | $862 | researched Sep 21 |
| 40508 | Lexington | — | $185 | +2.1% | 45 | 98.5% | 15% | 3.2 | 75 | $959 | researched Sep 17 |
| 40509 | Lexington | $415,000 | $195 | +3.2% | 32 | 98.5% | 15% | 3.8 | 110 | $1,394 | researched Sep 21 |
| 40510 | Lexington | $363,000 | $186 | +3.6% | 65 | 98.5% | 43.3% | 1.3 | 544 | $1,450 | researched Sep 17 |
| 40511 | Lexington | $316,813 | $183 | +2.4% | 5 | 101% | 43.2% | 7.8 | 171 | $1,302 | researched Sep 17 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Fayette County experiences property crime rates above Kentucky statewide averages, primarily driven by dense urban commercial and student-heavy corridors in Lexington, though violent crime rates remain below similarly sized regional metropolitan peers.
Fayette County Public Schools serves the jurisdiction with varied performance across its elementary, middle, and high schools, highlighted by highly rated magnets and suburban schools such as Paul Laurence Dunbar High School alongside Title I urban institutions.
Fayette County has low natural hazard exposure for wildfires and coastal storms, though localized flash flooding along urban watershed basins and intermittent severe spring convective storms create periodic localized wind and water risks.
Economic expansion is anchored by the University of Kentucky healthcare and educational complex, regional advanced manufacturing along the I-75 corridor, and strict Urban Services Boundary regulations driving urban infill and densification.
Lexington-Fayette Urban County Government assesses property taxes through the Fayette County Property Valuation Administrator (PVA) based on 100% fair cash value, combining consolidated city-county urban service district levies with public school district tax rates, subject to Kentucky's compensating tax rate statutes and constitutional homestead exemptions.
Residents benefit from access to the historic Kentucky Horse Park, extensive equestrian trails, Raven Run Nature Sanctuary along the Kentucky River Palisades, Jacobson Park, and vibrant dining and cultural hubs in Downtown Lexington and the Distillery District.
The rental market maintains steady demand backed by over 30,000 students and hospital workers from the University of Kentucky, with submarket rents ranging from under $1,000 in West Lexington to over $1,300 in master-planned Southeast Fayette communities.
The Fayette County economy is driven by higher education and regional healthcare centered at the University of Kentucky and Baptist Health, accompanied by corporate headquarters, technology firms, and robust equine agribusiness.
Lexington-Fayette is bisected by Interstate 75 and Interstate 64, arranged radially around downtown along arterial pikes encircled by New Circle Road (KY-4) and Man o' War Boulevard, with local bus service operated by Lextran.
Lexington-Fayette maintains the nation's oldest Urban Services Boundary established in 1958, tightly channeling municipal infrastructure and high-density residential development into urban zones while strictly zoning rural land to protect thoroughbred farms.
The Fayette County Property Valuation Administrator (PVA) reassesses real property annually to approximate 100% fair market value under statutory Kentucky Department of Revenue oversight, applying urban county service district differentials.
Tax taxing districts include the Lexington-Fayette Urban County Government general and urban service district funds, Fayette County Public Schools, the Fayette County Health District, and the Lexington Public Library district.
Residential property insurance remains relatively affordable compared to national coastlines, though premium adjustments have risen moderately due to severe spring convective hailstorms, localized wind events, and overall construction replacement cost increases.
- Malibu Jack's Lexington4.74.7 mi
- LexLive41.5 mi
- Sky Zone Trampoline Park4.56.7 mi
- Southland Lanes4.33.9 mi
- Battle Axes, LLC Lexington KY4.52.2 mi
- Kentucky Horse Park4.76.5 mi
- Rupp Arena4.61.4 mi
- Keeneland Association Inc4.86.9 mi
- Kroger Field4.72.9 mi
- Red Mile Gaming & Racing4.12.5 mi
- Kentucky Horse Park4.76.5 mi
- Woodford Reserve Distillery4.818.3 mi
- Keeneland Association Inc4.86.9 mi
- Masterson Station Park4.64.8 mi
- Evans Orchard and Cider Mill4.610.3 mi
- Woodford Reserve Distillery4.818.3 mi
- Shaker Village of Pleasant Hill4.722 mi
- Fort Boonesborough State Park4.516.3 mi
- Otis A. Singletary Center for the Arts4.71.9 mi
- Mary Todd Lincoln House4.61.4 mi
- Kentucky Horse Park Campground4.65.9 mi
- Masterson Station Park4.64.8 mi
- The Arboretum, State Botanical Garden of Kentucky4.83.4 mi
- Raven Run Nature Sanctuary4.712.7 mi
- Jacobson Park4.66.1 mi
- Kearney Hill Golf Links4.35.3 mi
- University Club Of Kentucky4.38 mi
- Lakeside Golf Course4.25.4 mi
- Cherry Blossom Golf Club412.3 mi
- Houston Oaks Golf Course4.412.7 mi
- Fayette Mall4.35.6 mi
- Publix Super Market at Citation Point4.42.8 mi
- Meijer4.34.3 mi
- Meijer4.35.3 mi
- T.J. Maxx4.34.4 mi
- Blue Grass Airport4.66.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A 1,200-acre working horse farm and educational theme park celebrating the Commonwealth's equine heritage, hosting international equestrian events and drawing millions of annual visitors.
A 734-acre nature sanctuary bordering the Kentucky River Palisades, offering 10 miles of protected hiking trails through diverse forest ecosystems and historic 19th-century homestead ruins.
A National Historic Landmark hosting world-renowned live thoroughbred racing meets every spring and fall alongside the premier thoroughbred auction pavilion in global horse racing.
A revitalized 25-acre industrial heritage district housing craft bourbon distilleries, microbreweries, artisanal restaurants, and music venues along Town Branch.
Data retrieved from U.S. Census Bureau and DataUSA profile for Fayette County, Kentucky.
Kentucky is a judicial foreclosure state, requiring a court action to enforce a mortgage or lien. The process involves a court-ordered sale, typically conducted by the master commissioner.
KRS Chapter 426
Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value. A homestead exemption is available for owners aged 65 or older or those who are totally disabled, which exempts a portion of the assessed value from taxation (the specific exemption amount is adjusted biennially based on the cost of living index).
Kentucky Constitution Section 170, 172; KRS 132.190
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.