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Lexington, KY Real Estate


According to census data in the year 2000 there were 116,167 housing units in Lexington.

Of those housing units, 111,895 were located in either urbanized areas or urban clusters, and 4,272 were located in what is classified as a rural area.

Homeownership rate in Lexington is about 55.3%. Lexington's vacancy rate, including seasonal lodging, is about 6.8%. Average household size is 2.29 people.

The majority of houses, apartments or condos in Lexington were built after 1974.

Statistics

Housing Size

Housing Units by Size
Studio Type2.70%
One Bedroom16.60%
Two Bedrooms26.70%
Three Bedrooms34.50%
Four Bedrooms16.20%
Five Bedrooms or more3.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.53
Median year structure was built1974
Median Value of occupied units$110,800
Median Price asked for vacant units$98,300

Rented Homes, Apartments and Condos

Average Household Size1.99
Median year structure was built1974
Median Monthly Rent asked for vacant units$504

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage9.20%
Home Equity Loan12.10%
Simple Mortgage54.60%
Debt Free23.70%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17%