$270,000
- 1 Bed
- 1.5 Baths
- 862 Sq Ft
121 N Martin Luther King Blvd Unit 401, Lexington, KY 40507
Brandon Hedinger Keller Williams Bluegrass Realty
Frequently Asked Questions
Is Downtown Lexington a good place to live?
Downtown Lexington is a good place to live. Downtown Lexington is considered very walkable and very bikeable with great transit options. Downtown Lexington is a suburban neighborhood. Downtown Lexington has 11 parks for recreational activities. It is somewhat dense in population with 9.2 people per acre and a median age of 37. The average household income is $51,339 which is below the national average. College graduates make up 48.6% of residents. A majority of residents in Downtown Lexington are renters, with 84% of residents renting and 16% of residents owning their home. A local real estate agent serving Downtown Lexington can help you decide if this neighborhood is the right one for you. Learn more on our Downtown Lexington neighborhood guide.
How much do you need to make to afford a house in Downtown Lexington?
The median home price in Downtown Lexington is $359,900. If you put a 20% down payment of $72,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,870 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $80K a year to afford the median home price in Downtown Lexington. The average household income in Downtown Lexington is $51K.
What are the best public schools in Downtown Lexington?
The best public schools that serve Downtown Lexington are:
- Lafayette High School has an A Niche grade, a student teacher ratio of 19:1 and an average review score of 4.0.
- Lexington Traditional Magnet School has a C+ Niche grade, a student teacher ratio of 8:1 and an average review score of 2.0.
- Harrison Elementary School has a C+ Niche grade and a student teacher ratio of 7:1.
What are the best private schools in Downtown Lexington?
The best private schools that serve Downtown Lexington are:
- Sayre School has an A+ Niche grade, a student teacher ratio of 10:1 and an average review score of 4.1.
- Sts. Peter & Paul Regional Catholic School has a student teacher ratio of 9:1 and an average review score of 5.0.
- Lexington Montessori School has a student teacher ratio of 9:1.
What are the most popular zip codes in Downtown Lexington, Lexington, KY?
What are the most popular neighborhoods near Downtown Lexington, Lexington, KY?
The most popular neighborhoods near Downtown Lexington, Lexington, KY are Northside, Historic South Hill, Speigle Heights, Gratz Park and Downtown Lexington.
Are home prices dropping in Downtown Lexington?
Yes, home prices in Downtown Lexington are down 64% in the last 12 months.
