Why Live in Open Gates
Open Gates, located on the southwest side of Lexington within the New Circle Road beltline, offers a blend of suburban tranquility and urban convenience. The neighborhood features mid-century ranch-style homes, split-levels, and townhomes, many showcasing new traditional and colonial architectural influences. Residents enjoy proximity to downtown Lexington, just 4 miles northeast, and the University of Kentucky, 3 miles away. The area is home to highly rated schools, including Clays Mill Elementary, Jessie Clark Middle, Lafayette High, and Lexington Catholic High. For dining, Southland Drive and Nicholasville Road offer a variety of options such as Winchell's, Southland Bagel, and Zundo Izakaya. Shopping is convenient with nearby Kroger, Trader Joe’s, Target, and Fayette Mall. Outdoor enthusiasts can visit Wellington Park and Shillito Park, which provide amenities like walking trails, a dog park, and sports facilities. Entertainment options include Malibu Jack’s, Champs Entertainment Complex, and the Tahlsound concert series. While Open Gates is safer than the national average, potential residents should be aware of peak hour traffic on major roads and possible noise near New Circle Road. Flood insurance may be necessary for homes near Stone Road and Big Run Road.
Frequently Asked Questions
Is Open Gates a good place to live?
Open Gates is a good place to live. Open Gates is considered car-dependent and somewhat bikeable with minimal transit options. Open Gates is a suburban neighborhood. Open Gates has 9 parks for recreational activities. It is fairly sparse in population with 4.4 people per acre and a median age of 42. The average household income is $96,422 which is below the national average. College graduates make up 52.8% of residents. A majority of residents in Open Gates are home owners, with 21.2% of residents renting and 78.8% of residents owning their home. A
local real estate agent serving Open Gates can help you decide if this neighborhood is the right one for you. Learn more on our
Open Gates neighborhood guide.
How much do you need to make to afford a house in Open Gates?
The median home price in Open Gates is $489,240. If you put a 20% down payment of $97,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,540 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $109K a year to afford the median home price in Open Gates. The average household income in Open Gates is $96K.
What are the best public schools in Open Gates?
The best public schools that serve Open Gates are:
What are the best private schools in Open Gates?
The best private schools that serve Open Gates are:
What are the most popular zip codes in Open Gates, Lexington, KY?
What are the most popular neighborhoods near Open Gates, Lexington, KY?
Home Trends in Open Gates, KY
On average, homes in Open Gates, Lexington sell after 33 days on the market compared to the national average of 70 days. The median sale price for homes in Open Gates, Lexington over the last 12 months is $429,900.
Median Sale Price
$429,900
Median Single Family Sale Price
$429,900
Median Townhouse Sale Price
$764,999
Median 2 Bedroom Sale Price
$575,000
Median 1 Bedroom Sale Price
$355,000
Average Price Per Sq Ft
$260
Number of Homes for Sale
7
Last 12 months Home Sales
23
Median List Price
$489,240
Median Change From 1st List Price
3%