Why Live in Patchen Woods-Chippen Dale
Patchen Woods-Chippen Dale in Lexington offers a variety of housing options, including ranch-style homes, Cape Cods, Colonial Revivals, and contemporary Traditionals, most featuring two-car garages. Home prices range from $200,000 to $300,000 for single-family homes, while townhouses near the Lexington Ice Center range from $130,000 to $300,000, and those within Chippen Dale range from $300,000 to $400,000. The neighborhood features the Lexington Ice Center, which has two rinks, three gyms, and three biblically-themed miniature golf courses. Mount Tabor Park provides 13 acres of green space with paved trails, a playground, and sports courts. Dining options along Richmond Road include Viva Mexico, Hola Havana Cuban Restaurant, and Arirang-Korean BBQ, with Sharetea Lexington and Patchen Pub for beverages and nightlife. The area is served by highly rated schools, including Cassidy Elementary, Morton Middle School, and Henry Clay High School. Lextran bus stops on Richmond Road provide easy access to downtown Lexington, 4 miles away, and New Circle Road facilitates commutes to destinations like Blue Grass Airport, 11 miles west. The neighborhood is also about 5 miles east of Baptist Health and Albert B. Chandler hospitals.
Frequently Asked Questions
Is Patchen Woods-Chippen Dale a good place to live?
Patchen Woods-Chippen Dale is a good place to live. Patchen Woods-Chippen Dale is considered somewhat walkable and somewhat bikeable with some transit options. Patchen Woods-Chippen Dale is a suburban neighborhood. Patchen Woods-Chippen Dale has 8 parks for recreational activities. It is somewhat dense in population with 8.9 people per acre and a median age of 35. The average household income is $64,972 which is below the national average. College graduates make up 46.3% of residents. A majority of residents in Patchen Woods-Chippen Dale are renters, with 67.7% of residents renting and 32.3% of residents owning their home. A
local real estate agent serving Patchen Woods-Chippen Dale can help you decide if this neighborhood is the right one for you. Learn more on our
Patchen Woods-Chippen Dale neighborhood guide.
How much do you need to make to afford a house in Patchen Woods-Chippen Dale?
The median home price in Patchen Woods-Chippen Dale is $464,990. If you put a 20% down payment of $93,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,410 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $103K a year to afford the median home price in Patchen Woods-Chippen Dale. The average household income in Patchen Woods-Chippen Dale is $65K.
What are the best public schools in Patchen Woods-Chippen Dale?
The best public schools that serve Patchen Woods-Chippen Dale are:
What are the best private schools in Patchen Woods-Chippen Dale?
The best private schools that serve Patchen Woods-Chippen Dale are:
What are the most popular zip codes in Patchen Woods-Chippen Dale, Lexington, KY?
What are the most popular neighborhoods near Patchen Woods-Chippen Dale, Lexington, KY?
Home Trends in Patchen Woods-Chippen Dale, KY
On average, homes in Patchen Woods-Chippen Dale, Lexington sell after 45 days on the market compared to the national average of 70 days. The median sale price for homes in Patchen Woods-Chippen Dale, Lexington over the last 12 months is $475,879, up 913% from the median home sale price over the previous 12 months.
Median Sale Price
$475,879
Median Single Family Sale Price
$475,879
Median 1 Bedroom Sale Price
$844,000
Average Price Per Sq Ft
$265
Number of Homes for Sale
5
Last 12 months Home Sales
83
Median List Price
$464,990
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
913%