Cities with the most expensive homes in the Lexington metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights affordability plays a huge role for buyers.

The typical home value in the United States was a record $351,423 in August, 1.3% higher than the year before. High mortgage rates are also making monthly payments more expensive; as of Sept. 21, the 30-year fixed mortgage rate sits at 7.19%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Lexington metro area using data from Zillow. Charts show the monthly typical home value since January 2018.

Stacker

#10. Paris, KY

– Typical home value: $217,065
– 1-year price change: +5.1%
– 5-year price change: +50.1%

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#9. Winchester, KY

– Typical home value: $222,099
– 1-year price change: +5.5%
– 5-year price change: +52.9%

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#8. Sadieville, KY

– Typical home value: $234,629
– 1-year price change: +0.4%
– 5-year price change: +47.3%

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#7. Stamping Ground, KY

– Typical home value: $243,830
– 1-year price change: -0.6%
– 5-year price change: +42.4%

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#6. Wilmore, KY

– Typical home value: $270,089
– 1-year price change: +6.5%
– 5-year price change: +55.4%

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#5. Nicholasville, KY

– Typical home value: $274,560
– 1-year price change: +4.5%
– 5-year price change: +53.1%

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#4. Lexington, KY

– Typical home value: $288,909
– 1-year price change: +5.5%
– 5-year price change: +50.9%

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#3. Georgetown, KY

– Typical home value: $292,684
– 1-year price change: +4.9%
– 5-year price change: +50.6%

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#2. Midway, KY

– Typical home value: $294,831
– 1-year price change: +4.1%
– 5-year price change: +45.5%

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#1. Versailles, KY

– Typical home value: $304,743
– 1-year price change: +4.6%
– 5-year price change: +42.6%

This story features data reporting and writing by Elena Cox, and is part of a series utilizing data automation across 379 metros.