Lexington, KY 40515 - Real Estate Investment Insights & Performance Data

Welcome to our 40515 real estate data hub, tailored for investors in Lexington, KY. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 40515 in Lexington, KY. Discover Section 8 housing opportunities and challenges to maximize your investment potential in FAYETTE COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Lexington, KY real estate investing. Uncover the wealth of information available, and position yourself for success in the Lexington property market.

• Location Overview

  • Zip Code: 40515
  • City: Lexington
  • State: KY
  • Metro Area: Lexington-Fayette, KY
  • County Name: FAYETTE COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $322,888
  • Average Home Price (Single Family Homes): $323,709
  • Average Monthly Rental Price (All Types): $1,376
  • Price-to-Rent Ratio: 20
  • Zillow Projected % appreciation from 4/2023-4/2024: 1.2%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,230
  • Average 3 Bedroom Section 8 Rental Rates: $1,680
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 21.88
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 16.02
  • Number of Units Offered in Section 8 in the County: 2645
  • Number of Occupied Units in Section 8 in the County: 2430
  • Percentage of Section 8 Units Occupied in the County: 91.90000153%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 178.48
  • Total % Appreciation since 2000 (Government Data): 107.71
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.19%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.97%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 31.24%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 42.98%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 76.08%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 70.4%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 116.38%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.95%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 12.24%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 38.07%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 44.46%