Why Live in Ashland Park
Ashland Park in Lexington, Kentucky, is a historic neighborhood located a couple of miles east of downtown. Known for its picturesque streets, especially Catalpa Road with its vibrant fall foliage, the area is part of the Ashland Park Historic District. Designed by the Olmsted Brothers, the neighborhood features gently curving streets lined with large trees, creating a serene environment. Homes here, many built before World War II, showcase diverse architectural styles such as Craftsmen, colonial revivals, bungalows, Cape Cod, and Tudor. The area is rich in green spaces, with Woodland Park and Clay’s Spring Park nearby. Woodland Park offers tennis and basketball courts, a ball field, an aquatic center, and a skate park, and hosts the annual Woodland Art Fair. Clay’s Spring Park features a historic spring from the Henry Clay estate.
Dining options include local favorites like Josie’s for breakfast, Bourbon n’ Toulouse for Cajun cuisine, and Graeter’s Ice Cream. Wheeler Pharmacy, located just outside the neighborhood, adds a nostalgic touch with its small restaurant. Residents have access to a Kroger on Euclid Avenue for shopping. Community events such as the Lawn Party and Jazz on the Lawn at Ashland: The Henry Clay Estate are popular.
Schools serving the area include Cassidy Elementary School, Morton Middle School, and Henry Clay High School, all highly rated. Lextran buses provide public transportation. Ashland Park’s proximity to the University of Kentucky, UK HealthCare, and downtown Lexington enhances its appeal.
Frequently Asked Questions
Is Ashland Park a good place to live?
Ashland Park is a good place to live. Ashland Park is considered somewhat walkable and very bikeable with some transit options. Ashland Park is a suburban neighborhood. Ashland Park has 12 parks for recreational activities. It is somewhat dense in population with 7.5 people per acre and a median age of 43. The average household income is $115,305 which is above the national average. College graduates make up 78.7% of residents. A majority of residents in Ashland Park are home owners, with 41% of residents renting and 59% of residents owning their home. A
local real estate agent serving Ashland Park can help you decide if this neighborhood is the right one for you. Learn more on our
Ashland Park neighborhood guide.
How much do you need to make to afford a house in Ashland Park?
The median home price in Ashland Park is $485,000. If you put a 20% down payment of $97,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,510 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $108K a year to afford the median home price in Ashland Park. The average household income in Ashland Park is $115K.
What are the best public schools in Ashland Park?
The best public schools that serve Ashland Park are:
What are the best private schools in Ashland Park?
The best private schools that serve Ashland Park are:
What are the most popular zip codes in Ashland Park, Lexington, KY?
What are the most popular neighborhoods near Ashland Park, Lexington, KY?
Are home prices dropping in Ashland Park?
Yes, home prices in Ashland Park are down 49% in the last 12 months.
Home Trends in Ashland Park, KY
On average, homes in Ashland Park, Lexington sell after 160 days on the market compared to the national average of 70 days. The median sale price for homes in Ashland Park, Lexington over the last 12 months is $369,000, down 42% from the median home sale price over the previous 12 months.
Median Sale Price
$369,000
Median Single Family Sale Price
$349,500
Median Townhouse Sale Price
$390,000
Median 2 Bedroom Sale Price
$425,000
Average Price Per Sq Ft
$195
Number of Homes for Sale
4
Last 12 months Home Sales
71
Median List Price
$485,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-42%