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Gratz Park Homes for Sale

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  • /21

    $240,000

    • 2 Beds
    • 1 Bath
    • 910 Sq Ft

    200 W Second St Unit 10, Lexington, KY 40507

    Welcome home to The Lofts at Gratz Park! This charming condo offers two spacious bedrooms and one full bathroom. With an open layout that showcases exposed brick walls. The beautifully restored building features a private entry foyer, secure exterior entrance, building security cameras, and elevator access. Ideally located in the heart of downtown—just steps from Rupp Arena, Transylvania

    Sarah Weber Keller Williams Louisville East

    200 W Second St Unit 10, Lexington, KY 40507
  • /45

    $1,150,000

    • 3 Beds
    • 3 Baths
    • 2,855 Sq Ft

    220 Market St, Lexington, KY 40507

    Welcome to the Peter Paul House, one of Central Kentucky's most iconic & storied homes. Recognized for its distinctive, pink-painted brick, this early 1800s Federal-style residence is a beloved landmark in the heart of Lexington's Gratz Park Historic District. Named for its original owner, the home blends rich architectural heritage with generations of thoughtful updates, while preserving period

    Rusty Underwood Christies International Real Estate Bluegrass

    220 Market St, Lexington, KY 40507
  • /29

    $459,900

    • 2 Beds
    • 2 Baths
    • 1,727 Sq Ft

    200 W Second St Unit 300, Lexington, KY 40507

    Rare opportunity to own a two-story penthouse in a prime downtown location—just steps from Rupp Arena, Transylvania University, Gratz Park, the Opera House, and a variety of local dining and entertainment options. This open-concept loft features exposed brick, hardwood floors, and a striking spiral staircase. Large windows flood the space with natural light. The first-floor bedroom includes a

    Emily Miller Bluegrass Sotheby's International Realty

    200 W Second St Unit 300, Lexington, KY 40507

Why Live in Gratz Park

Gratz Park, a historic district in downtown Lexington, is known for its preserved 19th-century architecture and central city park. Bordered by Transylvania University and downtown Lexington, the neighborhood offers a quiet, historical ambiance despite its proximity to the bustling city center. Residents enjoy easy access to attractions like Rupp Arena and The Lexington Opera House, as well as historic sites such as the Mary Todd Lincoln House. The park itself is a popular venue for picnics, weddings, and art fairs, featuring a fountain dedicated to the children of Lexington. Homes in Gratz Park range from Federal to Queen Anne styles, with features like 17-foot ceilings and original hardwood flooring. The area is also known for its unique streetlights and narrow alleyways leading to carriage houses. Dining options include Dudley's on Short, known for its New American fusion dishes, and Doodles Breakfast and Lunch, offering organic and creole-inspired meals. While there is no grocery store within walking distance, nearby options include M&M Grocery and Target Grocery. The neighborhood hosts events like the Mayfest Arts Fair and the weekly farmers market at Fifth Third Bank Pavilion. Students attend schools such as Lafayette High, which has a high rating and houses the School for Creative and Performing Arts. Transportation is convenient with LexTran buses and Interstate 64 for travel to other cities, while Blue Grass Airport is just over 6 miles away. The University of Kentucky Good Samaritan Hospital is less than a mile from the neighborhood, providing nearby medical care.

Frequently Asked Questions

Is Gratz Park a good place to live?
Gratz Park is a good place to live. Gratz Park is considered very walkable and very bikeable with good transit options. Gratz Park is a suburban neighborhood. Gratz Park has 10 parks for recreational activities. It is somewhat dense in population with 9.5 people per acre and a median age of 43. The average household income is $73,406 which is below the national average. College graduates make up 46.7% of residents. A majority of residents in Gratz Park are renters, with 72.4% of residents renting and 27.6% of residents owning their home. A local real estate agent serving Gratz Park can help you decide if this neighborhood is the right one for you. Learn more on our Gratz Park neighborhood guide.
Is Gratz Park, KY a safe neighborhood?
Gratz Park, KY is less safe than the average neighborhood in the United States. It received a crime score of 8 out of 10.
How much do you need to make to afford a house in Gratz Park?
The median home price in Gratz Park is $474,900. If you put a 20% down payment of $95,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $2,460 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $105K a year to afford the median home price in Gratz Park. The average household income in Gratz Park is $73K.
What are the best public schools in Gratz Park?
The best public schools that serve Gratz Park are:
What are the best private schools in Gratz Park?
The best private schools that serve Gratz Park are:
What are the most popular zip codes in Gratz Park, Lexington, KY?
The most popular zip codes in Gratz Park, Lexington, KY include 40507, 40508, 40502, 40505 and 40504.
What are the most popular neighborhoods near Gratz Park, Lexington, KY?
The most popular neighborhoods near Gratz Park, Lexington, KY are Gratz Park, Aylesford Place, Historic South Hill, East End and Historic Western Suburb.

Home Trends in Gratz Park, KY

Housing Trends

Median Sale Price
$558,000
Median Single Family Sale Price
$920,000
Median 2 Bedroom Sale Price
$426,000
Average Price Per Sq Ft
$282
Number of Homes for Sale
3
Last 12 months Home Sales
2
Months of Supply
18.00
Median List Price
$474,900
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
111%
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