7 Best Affordable Lexington, KY Suburbs to Live in 2023

Usually referred to as the “Horse Capital of the World,” Lexington, KY, is an iconic Southeastern metropolis. From famend eating places to the fabulous music scene, it’s not a shock that roughly 321,800 individuals are dwelling in Lexington

Should you’re seeking to purchase a house in Lexington, anticipate to see the median residence sale value coming in at $285,000 and the typical sale value per sq. foot at $160. And in the event you’re contemplating renting an residence in Lexington, the typical hire value for a two-bedroom residence is $1,388.

If these costs are out of your funds, don’t fear. That will help you discover the suitable place to purchase a house or hire an residence, we’ve collected a listing of the 7 greatest inexpensive suburbs of Lexington, KY, take a look at. They usually’re all lower than 45 minutes away from the town. That means you may reside near Lexington and all its superior actions with out the worth tag of dwelling there.

#1: Paris

Median residence value: $160,000 
Common sale value per sq. foot: $121
Driving distance from Lexington: half-hour
Paris, KY properties on the market
Paris, KY residences for hire

With a median residence sale value of $160,000, Paris takes the primary spot on our listing of inexpensive Lexington suburbs. A couple of 30-minute drive northeast of downtown Lexington, Paris is residence to roughly 10,200 residents. Should you’re contemplating shifting to this space be certain to discover the Bourbon County Honest, take a look at Duncan Tavern, or cease by Hartfield & Firm Distillery.

#2: Cynthiana

Median residence value: $170,000 
Common sale value per sq. foot: $123 
Driving distance from Lexington: 45 minutes
Cynthiana, KY properties on the market
Cynthiana, KY residences for hire

Cynthiana is available in because the second greatest inexpensive suburb in Lexington. A couple of 45-minute drive away from downtown Lexington, you may go to the Kentucky Horse Park and the historic Keeneland Race Course very quickly. Some in style issues to discover in Cynthiana embody exploring the charming downtown space and testing Flat Run Veterans Park.

#3: Lawrenceburg

Median residence value: $191,000 
Common sale value per sq. foot: $149 
Driving distance from Lexington: 40 minutes
Lawrenceburg, KY properties on the market
Lawrenceburg, KY residences for hire

Lawrenceburg takes the third spot on our listing, with a median residence sale value of $191,000, and a few 40-minute drive from Lexington. From parks and out of doors recreation to supporting native companies, there’s a lot of issues that make Lawrenceburg an important place to reside.

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#4: Frankfort

Median residence value: $223,000 
Common sale value per sq. foot: $125 
Driving distance from Lexington: 40 minutes
Frankfort, KY properties on the market
Frankfort, KY residences for hire

Solely barely costlier than Lawrenceburg is Frankfort, the subsequent suburb on our listing. There are a number of high sights you might need to take a look at in Lexington suburb. Ensure to go to the Kentucky State Capitol constructing and the historic buildings in downtown Frankfort, take a look at one of many parks like Leslie Morris Park at Fort Hill, River View Park, and Capitol View Park, or discover Hurst Waterfall.

#5: Winchester

Median residence value: $237,000 
Common sale value per sq. foot: $132 
Driving distance from Lexington: 35 minutes
Winchester, KY properties on the market
Winchester, KY residences for hire

Drive 35 minutes exterior of Lexington and also you’ll discover the suburb of Winchester, one other nice space so as to add to your listing. With 19,100 residents, shifting to this inexpensive suburb can maintain you shut sufficient to Lexington, with out paying the premium for a house there. In Winchester, you may discover the downtown space and spend the afternoon at one of many many parks.

#6: Richmond

Median residence value: $256,500 
Common sale value per sq. foot: $146 
Driving distance from Lexington: 40 minutes
Richmond, KY properties on the market
Richmond, KY residences for hire

Sixth on the listing is one other well-known Lexington suburb is Richmond, the place the median residence sale value is about $30K lower than in Lexington. Dwelling to roughly 34,600 folks, Richmond is a good suburb to think about shifting to. There’s a lot of actions to do like exploring Lake Reba and Eli Mullins Island and testing the Jap Kentucky College campus, amongst many different native favorites.

#7: Nicholasville

Median residence value: $282,500 
Common sale value per sq. foot: $161 
Driving distance from Lexington: 28 minutes
Nicholasville, KY properties on the market
Nicholasville, KY residences for hire

Rounding out our listing of inexpensive Lexington suburbs is none apart from Nicholasville. With a inhabitants of about 31,100, you’ll be dwelling in a smaller space, however there’s no scarcity of issues to do in Nicholasville. If you end up shifting to this suburb, be certain to take a look at one of many many parks within the metropolis.

Methodology: Affordability relies on whether or not a suburb’s median residence sale value or common sale value per sq. foot is lower than Lexington and beneath a 45-minute drive from downtown Lexington. Median residence sale value information from the Redfin Knowledge Middle throughout March 2023. Common rental information from Lease.com March 2023. Inhabitants information sourced from the United States Census Bureau.

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