Lexington
Kentucky · Ranked #280 of 373 metros
58Moderate
💡
Housing in Lexington costs 4.13× the median income, below the national average of 4.5×. The median home price is $289K and median rent is $1,117/month. Lexington ranks #280 of 373 metros for affordability.
Median Home Price
🏠$289K
Need $80K income
Median Rent
🔑$1,117
Need $44K income
Housing Shortage
📉10,000
units needed
Building Permits
🔨5,000
annual
Median Income
💰$70K
Pop: 517,056
Rent Burden
⚠️30.0%
of renters paying >30%
Price Change (YoY)
📈+4.5%
Homeownership
🏡61.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Lexington | National |
|---|---|---|
| Price-to-Income Ratio | 4.13x | 6.1x |
| Rent Burden | 30.0% | 31.5% |
| Homeownership Rate | 61.0% | 65.5% |
| YoY Price Change | +4.5% | +3.5% |
| YoY Rent Change | +3.5% | +2.8% |
| Mortgage Denial Rate | 12.5% | 13.5% |
| Eviction Rate | 5.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +67.3%Since 2000: +176.5%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$883/mo
1 Bedroom$1,079/mo
2 Bedroom$1,272/mo
3 Bedroom$1,743/mo
4 Bedroom$1,940/mo
Zillow Market Data
Home Value (ZHVI)
$318K
1yr: +2.8%5yr: +41.1%
Rent (ZORI)
$1,477/mo
1yr: +5.0%5yr: +43.5%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$346K
Active Inventory
925
Days on Market
60
Sold Above List
12.6%
Price Drops
20.0%