Why Live in Paynes Depot
Paynes Depot, located ten miles northwest of downtown Lexington, is a luxury rural community known for its horse farms and multi-acre properties. The neighborhood's culture is deeply rooted in equestrian activities, with facilities like Three Day Farm offering riding lessons and competitive training for all levels. The area has seen an influx of out-of-state residents seeking land and a rural lifestyle, particularly those involved with horses. Homes in Paynes Depot range from older ranch-style houses to custom mansions in subdivisions like Fishers Mill Landing, where properties span 5 to 30 acres. The neighborhood is safer than the national average, with a low crime risk. Students attend highly rated schools, including Western Elementary and Scott County Middle School. For outdoor recreation, residents can visit Midway’s Walter Bradley Park, five miles west, or the University Club of Kentucky, three miles east. Local dining options include Heirloom and Holly Hill Inn in Midway, while J & N Grocery provides homemade meals and groceries within the neighborhood. Paynes Depot is conveniently situated 15 minutes from Frankfort, Lexington, and Kentucky Horse Park, with easy access to Interstate 64. The area lacks public transit, so residents rely on cars for transportation. Nearby attractions include Kentucky Horse Park, Keeneland, and local distilleries like Saddlestone Distillery and Bluegrass Distillers. The Blue Grass Airport is 10 miles south, and the nearest medical center is Georgetown Community Hospital, six miles north.
Home Trends in Paynes Depot, KY
On average, homes in Paynes Depot, Lexington sell after 247 days on the market compared to the national average of 69 days. The median sale price for homes in Paynes Depot, Lexington over the last 12 months is $395,000, up 26% from the median home sale price over the previous 12 months.
Median Sale Price
$395,000
Median Single Family Sale Price
$395,000
Median Townhouse Sale Price
$340,000
Average Price Per Sq Ft
$282
Number of Homes for Sale
2
Last 12 months Home Sales
19
Median List Price
$360,000
Median Change From 1st List Price
12%
Median Home Sale Price YoY Change
26%