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 $350,091 in September, 2.1% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of Oct. 19, the 30-year fixed mortgage rate sits at 7.63%. 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 using data from Zillow. Charts show the monthly typical home value since January 2018.

Stacker

#10. Paris, KY

– Typical home value: $219,644
– 1-year price change: +6.0%
– 5-year price change: +50.9%

Stacker

#9. Winchester, KY

– Typical home value: $223,589
– 1-year price change: +6.1%
– 5-year price change: +53.2%

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#8. Sadieville, KY

– Typical home value: $236,579
– 1-year price change: +1.4%
– 5-year price change: +48.0%

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#7. Stamping Ground, KY

– Typical home value: $240,926
– 1-year price change: +0.2%
– 5-year price change: +42.8%

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#6. Wilmore, KY

– Typical home value: $270,397
– 1-year price change: +7.4%
– 5-year price change: +56.7%

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#5. Nicholasville, KY

– Typical home value: $277,904
– 1-year price change: +5.3%
– 5-year price change: +53.7%

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#4. Lexington, KY

– Typical home value: $288,536
– 1-year price change: +6.3%
– 5-year price change: +51.1%

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#3. Georgetown, KY

– Typical home value: $292,589
– 1-year price change: +5.3%
– 5-year price change: +50.8%

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#2. Midway, KY

– Typical home value: $297,513
– 1-year price change: +5.2%
– 5-year price change: +45.5%

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#1. Versailles, KY

– Typical home value: $308,529
– 1-year price change: +5.0%
– 5-year price change: +42.8%

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