Why Live in Tates Creek
Tates Creek, a quiet and established neighborhood in Lexington, is located just 5 miles from Downtown Lexington. Known for its excellent schools and spacious parks, the area offers a suburban feel with larger lots and mature trees. The neighborhood features ranch-style and bi-level homes from the 1970s, as well as townhouses. Residents enjoy the Tates Creek Golf Course, which includes an aquatic center, and several parks such as Gainesway Park, Berry Hill Skate Park, and Kirklevington Park, providing various outdoor attractions. The crime rate in Tates Creek is on par with the national average. The Fayette County Public School system serves the area, with Tates Creek Elementary, Middle, and High Schools offering a range of educational programs, including the International Baccalaureate Middle Years Programme and the Academies of Lexington. Trinity Christian Academy, a highly-rated private school, is also nearby. Dining options include the Merrick Inn, The Cellar Bar & Grille, and The Mousetrap, while grocery shopping is convenient with a nearby Kroger. For shopping, residents can visit Fayette Mall. Commuting to downtown Lexington is a short 5-mile drive, and the Lextran bus system provides additional transportation options. Blue Grass Airport is 10 miles away, and Baptist Health Lexington is 4 miles from the neighborhood. The Tates Creek Community Center hosts various events, fostering a strong sense of community.
Frequently Asked Questions
Is Tates Creek a good place to live?
Tates Creek is a good place to live. Tates Creek is considered car-dependent and somewhat bikeable with some transit options. Tates Creek is a suburban neighborhood. Tates Creek has 8 parks for recreational activities. It is fairly sparse in population with 5.9 people per acre and a median age of 35. The average household income is $66,137 which is below the national average. College graduates make up 38.4% of residents. A majority of residents in Tates Creek are renters, with 59.9% of residents renting and 40.1% of residents owning their home. A
local real estate agent serving Tates Creek can help you decide if this neighborhood is the right one for you. Learn more on our
Tates Creek neighborhood guide.
How much do you need to make to afford a house in Tates Creek?
The median home price in Tates Creek is $365,990. If you put a 20% down payment of $73,200 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,900 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $81K a year to afford the median home price in Tates Creek. The average household income in Tates Creek is $66K.
What are the best public schools in Tates Creek?
The best public schools that serve Tates Creek are:
What are the best private schools in Tates Creek?
The best private schools that serve Tates Creek are:
What are the most popular zip codes in Tates Creek, Lexington, KY?
What are the most popular neighborhoods near Tates Creek, Lexington, KY?
Are home prices dropping in Tates Creek?
Yes, home prices in Tates Creek are down 25% in the last 12 months.
Home Trends in Tates Creek, KY
On average, homes in Tates Creek, Lexington sell after 45 days on the market compared to the national average of 70 days. The median sale price for homes in Tates Creek, Lexington over the last 12 months is $289,900, down 34% from the median home sale price over the previous 12 months.
Median Sale Price
$289,900
Median Single Family Sale Price
$352,990
Median 2 Bedroom Sale Price
$230,425
Average Price Per Sq Ft
$193
Number of Homes for Sale
2
Last 12 months Home Sales
42
Median List Price
$365,990
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-34%