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Cities with the fastest growing home prices in Lexington metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Lexington-Fayette, KY metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 10 cities and towns with data available were included in the list.

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Stacker

#10. Paris, Paris

– 1-year price change: +$21,305 (+12.1%)
– 5-year price change: +$58,451 (+42.1%)
– Typical home value: $197,297 (#10 most expensive city in metro)

Stacker

#9. Sadieville, Sadieville

– 1-year price change: +$22,980 (+11.6%)
– 5-year price change: +$79,526 (+56.5%)
– Typical home value: $220,329 (#8 most expensive city in metro)

Stacker

#8. Winchester, Winchester

– 1-year price change: +$23,246 (+12.6%)
– 5-year price change: +$59,582 (+40.2%)
– Typical home value: $207,688 (#9 most expensive city in metro)

Stacker

#7. Midway, Midway

– 1-year price change: +$31,901 (+12.7%)
– 5-year price change: +$88,429 (+45.7%)
– Typical home value: $282,125 (#4 most expensive city in metro)

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#6. Versailles, Versailles

– 1-year price change: +$32,469 (+12.3%)
– 5-year price change: +$85,436 (+40.5%)
– Typical home value: $296,310 (#1 most expensive city in metro)

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#5. Georgetown, Georgetown

– 1-year price change: +$37,563 (+15.3%)
– 5-year price change: +$101,515 (+55.7%)
– Typical home value: $283,805 (#3 most expensive city in metro)

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#4. Lexington, Lexington

– 1-year price change: +$37,891 (+15.4%)
– 5-year price change: +$97,365 (+52.2%)
– Typical home value: $283,846 (#2 most expensive city in metro)

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#3. Wilmore, Wilmore

– 1-year price change: +$41,310 (+19.7%)
– 5-year price change: +$87,775 (+53.8%)
– Typical home value: $250,858 (#6 most expensive city in metro)

Stacker

#2. Nicholasville, Nicholasville

– 1-year price change: +$41,628 (+19.3%)
– 5-year price change: +$90,694 (+54.6%)
– Typical home value: $256,807 (#5 most expensive city in metro)

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#1. Stamping Ground, Stamping Ground

– 1-year price change: +$44,344 (+23.2%)
– 5-year price change: +$101,016 (+75.0%)
– Typical home value: $235,633 (#7 most expensive city in metro)

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