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Lexington-Fayette urban county

Learn about the people, housing, costs and businesses in Lexington-Fayette urban county, Kentucky

Median Home$314,612
Median Rent$1,226/month
Population323,725
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare28% public administration
Home Value Growth⬆⬆+20.9% over 2 years
Young Adults35% of residentswell above average
Homeowners54% of occupied units
NotableAmenity Score77/100 · highly walkable area
NotableHighly Educated27% bachelor's · 13% graduate · top 14% nationally
Lexington-Fayette urban county
KY

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Frequently Asked Questions

What are today's mortgage rates in Lexington-Fayette urban county?

As of today, the 30-year fixed mortgage rate for Lexington-Fayette urban county is approximately 6.935% (6.973% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lexington-Fayette urban county?

The median home value in Lexington-Fayette urban county is $315k. The median monthly rent is $1,226. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lexington-Fayette urban county?

Home values in Lexington-Fayette urban county have increased 20.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lexington-Fayette urban county?

Based on a typical all-in ownership cost of $1,281/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lexington-Fayette urban county is $79k/year.

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What industries drive the economy in Lexington-Fayette urban county?

The largest employment sectors in Lexington-Fayette urban county are public administration (28%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.