Located in the heart of the Commonwealth in the state's Bluegrass Region, Lexington is strategically positioned at the crossroads of Interstate 75 (North and South) and 64 (East and West). It is just 74 miles east of Louisville and 91 miles south of Cincinnati, Ohio. Early settlers of the land were drawn to the area by its lush vegetation, deep fertile soil, plentiful water supply and gently rolling terrain. Colonists soon learned to utilize nature's bounty and the community grew into a teeming city who's wealth depended on the use of an abundant water supply for mining, farming, textile mills and a whiskey distillery. Today, the city is the second largest in Kentucky and offers its residents a fine blend of rural living and metropolitan conveniences.
Real estate in Lexington, Kentucky is especially affordable and diverse. Modern townhouses, condominiums and single-family homes are conveniently located near the heart of downtown Lexington or tucked away in sprawling suburbs or tree-lined historic neighborhoods. A new three-bedroom, two-bath home in Lexington starts at approximately $127,500. Larger estate homes and horse properties start at an affordable $200,000 and run into the millions.
Lexington Real Estate Stats and Trends for the week of November 20th, 2019: homes priced around $453,677 compared to $460,504 the previous week, showing a decrease of less than -2%. For Wednesday, November 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.