How much house does $500,000 buy you in Lexington?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Lexington?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Lexington right now. Listings below $500,000 were included if necessary.
100 Deer Xing, Nicholasville, KY 40356
- Price: $499,999
- 6 bedrooms, 3.5 bathrooms
- Square feet: 4,422
- See 100 Deer Xing, Nicholasville, KY 40356 on Redfin.com
900 Andover Woods Ln, Lexington, KY 40509
- Price: $499,000
- 6 bedrooms, 3.5 bathrooms
- Square feet: 3,938
- See 900 Andover Woods Ln, Lexington, KY 40509 on Redfin.com
107 Celica Springs Ct, Georgetown, KY 40324
- Price: $499,900
- 5 bedrooms, 3.5 bathrooms
- Square feet: 2,856
- See 107 Celica Springs Ct, Georgetown, KY 40324 on Redfin.com
129 Mcpeek Pl, Nicholasville, KY 40356
- Price: $495,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,390
- See 129 Mcpeek Pl, Nicholasville, KY 40356 on Redfin.com
2163 Carnation Dr, Lexington, KY 40511
- Price: $500,000
- 5 bedrooms, 3 bathrooms
- Square feet: 3,032
- See 2163 Carnation Dr, Lexington, KY 40511 on Redfin.com
112 Blue Bill Ct, Georgetown, KY 40324
- Price: $500,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,201
- See 112 Blue Bill Ct, Georgetown, KY 40324 on Redfin.com
1452 Hall Rd, Nicholasville, KY 40356
- Price: $485,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,326
- See 1452 Hall Rd, Nicholasville, KY 40356 on Redfin.com
126 Zane Ln, Nicholasville, KY 40356
- Price: $494,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,016
- See 126 Zane Ln, Nicholasville, KY 40356 on Redfin.com
2248 Valencia Dr, Lexington, KY 40513
- Price: $499,998
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,974
- See 2248 Valencia Dr, Lexington, KY 40513 on Redfin.com
2035 Shun Pike, Nicholasville, KY 40356
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,729
- See 2035 Shun Pike, Nicholasville, KY 40356 on Redfin.com
2165 Rutledge Ave, Lexington, KY 40509
- Price: $495,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,596
- See 2165 Rutledge Ave, Lexington, KY 40509 on Redfin.com
1409 Gadsten Ct, Lexington, KY 40509
- Price: $499,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,589
- See 1409 Gadsten Ct, Lexington, KY 40509 on Redfin.com
101 Maxwell Ave, Nicholasville, KY 40356
- Price: $486,500
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,347
- See 101 Maxwell Ave, Nicholasville, KY 40356 on Redfin.com
160-162 Shawnee Pl, Lexington, KY 40503
- Price: $495,000
- 4 bedrooms, 2 bathrooms
- Square feet: 3,000
- See 160-162 Shawnee Pl, Lexington, KY 40503 on Redfin.com
2528 Leland Ln, Lexington, KY 40503
- Price: $489,900
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,072
- See 2528 Leland Ln, Lexington, KY 40503 on Redfin.com
101 Elam Ave, Nicholasville, KY 40356
- Price: $499,900
- 3 bedrooms, 3 bathrooms
- Square feet: 2,901
- See 101 Elam Ave, Nicholasville, KY 40356 on Redfin.com
973 Village Green Ave, Lexington, KY 40509
- Price: $499,500
- 3 bedrooms, 3 bathrooms
- Square feet: 2,564
- See 973 Village Green Ave, Lexington, KY 40509 on Redfin.com
126 Hickory Grove Ct, Georgetown, KY 40324
- Price: $499,980
- 3 bedrooms, 3 bathrooms
- Square feet: 2,324
- See 126 Hickory Grove Ct, Georgetown, KY 40324 on Redfin.com
636 N Limestone, Lexington, KY 40508
- Price: $495,000
- 3 bedrooms, 3 bathrooms
- Square feet: 1,915
- See 636 N Limestone, Lexington, KY 40508 on Redfin.com
1667 Snow Goose Cir, Lexington, KY 40511
- Price: $495,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,513
- See 1667 Snow Goose Cir, Lexington, KY 40511 on Redfin.com
1635 Silver Pheasant Cir, Lexington, KY 40511
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,449
- See 1635 Silver Pheasant Cir, Lexington, KY 40511 on Redfin.com
278 Harbor Village Dr, Georgetown, KY 40324
- Price: $487,700
- 3 bedrooms, 2 bathrooms
- Square feet: 2,024
- See 278 Harbor Village Dr, Georgetown, KY 40324 on Redfin.com
241 Harbor Village Dr, Georgetown, KY 40324
- Price: $495,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,000
- See 241 Harbor Village Dr, Georgetown, KY 40324 on Redfin.com
237 Harbor Village Dr, Georgetown, KY 40324
- Price: $485,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,000
- See 237 Harbor Village Dr, Georgetown, KY 40324 on Redfin.com
4140 Buttermilk Rd, Lexington, KY 40509
- Price: $490,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,800
- See 4140 Buttermilk Rd, Lexington, KY 40509 on Redfin.com
4136 Buttermilk Rd, Lexington, KY 40509
- Price: $490,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,800
- See 4136 Buttermilk Rd, Lexington, KY 40509 on Redfin.com
101 Pinnacle Pt, Georgetown, KY 40324
- Price: $490,640
- 3 bedrooms, 2 bathrooms
- Square feet: 1,621
- See 101 Pinnacle Pt, Georgetown, KY 40324 on Redfin.com
353 Sherman Ave, Lexington, KY 40502
- Price: $489,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,530
- See 353 Sherman Ave, Lexington, KY 40502 on Redfin.com
1001 Griffin Gate Dr, Lexington, KY 40511
- Price: $497,000
- 2 bedrooms, 2 bathrooms
- Square feet: 2,035
- See 1001 Griffin Gate Dr, Lexington, KY 40511 on Redfin.com
361 S Upper St, Lexington, KY 40508
- Price: $495,000
- 1 bedroom, 1 bathroom
- Square feet: 1,141
- See 361 S Upper St, Lexington, KY 40508 on Redfin.com
