5 Most Surprising Lexington KY Neighborhood Facts

5 Most Surprising Lexington KY Neighborhood Facts

I am sure you have already read about 5 best neighborhoods for appreciation.  Now let’s take a look at some other neighborhoods that stood out in 2015.

The data below are averages for the neighborhoods and do not necessarily guarantee an increase or decrease in the value of any one particular home.  If you would like to have a personalized valuation of your home Get A Free Personalized Home Valuation

 

Want to find out what happened in your neighborhood in 2015?  Get The Full List of Lexington Neighborhood Info to find out!


Henry Clay – Appreciated 6.11%

Avg Home Price $113,893

If you read about Lexington’s 5 Best Neighborhoods for Appreciation you know about Kenwick. Henry Clay is right around the corner and is also rapidly appreciating.  There are still some great opportunities for investors or for home owners interesting in gaining equity.


Henry Clay Neighborhood Lexington Kentucky
Henry Clay Neighborhood Lexington Kentucky



 

 

 

 

 




Hamburg – decreased by -1.65%

 

Avg Home Price $191,822

This was surprising as I expected the opposite. This part of town is exploding with growth and is close to shopping, the interstates and other conveniences.  Digging into the data this decrease has been driven by declining town home prices.


Hamburg Neighborhood Lexington Kentucky
Hamburg Neighborhood Lexington Kentucky


 

 

 

 

 

 




Blackford is flat – appreciated 0.43%

Avg Home Price $238,064

I was surprised by this because new construction usually puts upward pressure on home prices. However, home values in the area remained flat in a very busy real estate year in Lexington.

Blackford Oaks Neighborhood Lexington Kentucky
Blackford Oaks Neighborhood Lexington Kentucky


 

 

 

 






Masterson – The most homes sold in Lexington!  200 homes sold in 2015 and appreciation of 2.10%

Avg Home Price $162,018

Masterson is by far the busiest neighborhood in Fayette County with 200 homes sold in 2015. Also, in the past Masterson saw declining home values due to foreclosures from the 2008 financial collapse.  However, it is safe to say from these numbers that it has rebounded.

Look for another solid year as road construction on Leestown is concluding and a new shopping center will be built soon.


Masterson Neighborhood Lexington Kentucky
Masterson Neighborhood Lexington Kentucky


 

 

 

 

 

 




Ellerslie – Depreciated 1.18%

Avg Home Value $468,238

First, this was once a beautiful farm that my school bus went by every day. Located at Old Richmond Road and Richmond Road this collection of new construction luxury homes that has been steadily decreasing in value over the past five years.  This neighborhood is well located and the homes are appealing in my opinion.  However, the market doesn’t seem to agree.


Ellerslie at Delong Neighborhood Lexington Kentucky


Ellerslie at Delong Neighborhood Lexington Kentucky


 

 

 

 







Want to find out what happened in your neighborhood in 2015?  Get The Full List of Lexington Neighborhood Info to find out what happened in your neighborhood!


Morgan Franklin Headshot
Author:
Phone: 859-576-0801
Dated: April 4th 2017
Views: 13
About Morgan: Hi, I’m Morgan Franklin and I am a Realtor in Lexington Kentucky. I have lived here for over 25 ...

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