Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lexington, Kentucky.
Pre-filled with Lexington median home price and Kentucky tax/insurance rates. Adjust for your property.
Estimated closing costs based on Kentucky rates and fees applied to Lexington prices.
The median home price in Lexington is $275,000, 31% above the Kentucky state median of $210,000. With a population of 322,570, Lexington is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Kentucky average 0.83% annually. This moderate property tax rate means a $275,000 home in Lexington would carry roughly $190/month in property taxes. Homeowners insurance in Kentucky runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Lexington is $1,220/month. The price-to-rent ratio in Lexington is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Lexington presents moderate affordability. The $275K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.