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Gainesway

Gainesway

Suburban Neighborhood in Lexington, Kentucky

Fayette County 40517
$302,955 Average Value
$211 Average Price per Sq Ft
9 Homes For Sale

Conveniently located neighborhood with respected schools and affordable homes

When one thinks of Gainesway, one thinks of convenience. After making a left on Tates Creek Road, residents are just minutes from New Circle Road, the gateway to the best of Lexington. Residents are less than 10 minutes from the University of Kentucky and downtown Lexington. While convenience is a plus of living here, residents enjoy the peace this established neighborhood affords them. “Gainesway is a great place to find an affordable home, with a nice sized yard with mature trees,” Chris Johnson, a Realtor with Plum Tree Realty, says. “If you are looking for a peaceful, well-established neighborhood within 10 minutes of everything you will ever need, Gainesway is for you.”

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Mid-20th century ranch styles, split-levels and colonials

Most homes within Gainesway were built in the mid-20th century, with most residents living in ranch-style, split-level and colonial houses. Being an established neighborhood is part of its appeal. These homes have sold for between $230,000 and $420,000. “Gainesway is an older subdivision,” Johnson says. “This means you have mature trees, bigger yards, with more space between lots that you wouldn’t find with newer developments.” Townhouses are also available in the neighborhood and have sold in the mid $200,000s. Sidewalks line most neighborhood streets in Gainesway, but residents still utilize their cars to get around. As for crime, the CAP Index gave Gainesway a 6 out of 10 Crime Score, higher than the national average.

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Students attend Fayette County Public Schools

Students living in Gainesway attend Fayette County Public Schools. As a part of that district, children would attend Tates Creek Elementary for Pre-K through fifth grade and Tates Creek Middle School for sixth through eighth grade. Both schools earned a B grade from Niche. In ninth grade, students would attend Tates Creek High, which received a B-minus grade from Niche. At Tates Creek High, students can participate in the Academies of Lexington program. Interests include business and education, design and engineering, information technology and medical services. As for private schools, Trinity Christian Academy is nearby and earned an A grade from Niche. The University of Kentucky is just 4 miles north of the neighborhood if residents want to stay close to home for college.

Tates Creek High School offers students extra curricular activities, such as Band and Game Club.
Tates Creek High School offers students extra curricular activities, such as Band and Game Club.
The student population of Tates Creek Middle School is 737 and the school serves 6-8.
The student population of Tates Creek Middle School is 737 and the school serves 6-8.
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Plethora of parks to play in

There are a few notable parks that residents have quick access to near the neighborhood. Gainesway Park gives residents exposure to a bit of Lexington's wildlife. Visitors will see a pond as they walk across the footbridge and look below. Native plants beautify the pond, with butterflies and bees fluttering and buzzing around them. Fish, turtles, ducks and frogs live in the pond. Residents can fish in the pond and will mostly find bass fish and bluegills. In addition to the pond, the park features basketball courts, a walking trail and sports fields. Kirklevington Park features the only pickleball court complex in Lexington. Along with pickleball, park patrons can use the baseball and soccer fields and the basketball and tennis courts. The park also has a skatepark friendly to skaters of all levels. Residents looking to achieve their daily goal of steps can take advantage of the 1.4-mile trail at Lansdowne-Merrick Park.

Jacobson Park is a popular destination for Gainesway families on warm sunny days.
Jacobson Park is a popular destination for Gainesway families on warm sunny days.
Gainesway skaters hop over to Berry Hill Skate Park on a warm day.
Gainesway skaters hop over to Berry Hill Skate Park on a warm day.
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From fried chicken at The Merrick Inn to steak at Malone’s

There are a few notable restaurants within a few minutes of Gainesway. The Merrick Inn is a Lexington staple, only a few minutes from the neighborhood. For dinner, customers enjoy ordering the Southern Fried Chicken, which comes with a choice of hand-breaded white or dark meat. For brunch, some order the hearty Lansdowne Breakfast with two eggs, a choice of sausage, a toasted English muffin and breakfast potatoes. Malone's is known for their premium steak. Customers can order the filet mignon or one of their twin filets for dinner. For sandwich lovers, they have the Steakhouse Kobe Burger, which is premium American Wagyu beef made with Gruyère, crispy onion, lettuce, tomato and Parmesan-garlic mayo. For groceries, residents head to the Kroger on Tates Creek Centre Drive, 3 miles away. For residents looking to spend a weekend afternoon shopping, Fayette Mall is 4 miles from Gainesway and features stores like Macys, Old Navy and Forever 21.

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Merrick Inn has an abundance of southern charm for Gainesway residents.
Merrick Inn has an abundance of southern charm for Gainesway residents.
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Lextran bus system to get around Lexington

Residents in Gainesway can use the Lextran bus system from the Tates Creek at Gainesway stop along Tates Creek Road. Blue Grass Airport is a 9-mile drive from the neighborhood for locals looking to get out of town. For medical attention, Baptist Health Lexington is a 4-mile drive.

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Gainesway Festival of Neighbors

Gainesway has an annual summer get-together called the Gainesway Festival of Neighbors. While the event's location changes yearly, the festival’s mission stays the same, bringing the neighborhood together. The event includes free activities for kids and free family resources and is free for attendees.

Tates Creek Golf Course

Novice and veteran golfers will enjoy the 18 holes of the Tates Creek Golf Course. Open to the public, the course is known for its sloping greens. There is also an aquatic center with a slide and a large pool.

Tates Creek Golf Course offers an 18 hole par 72 course on 125 acres in Gainesway.
Tates Creek Golf Course offers an 18 hole par 72 course on 125 acres in Gainesway.
Tates Creek Golf Course and Aquatic Park offer a relaxing setting for two great past-times.
Tates Creek Golf Course and Aquatic Park offer a relaxing setting for two great past-times.
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Kevin Haswell
Written By
Kevin Haswell
Ryan Minion
Photography Contributed By
Ryan Minion
Mallory Nolte
Video By
Mallory Nolte

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Robin Jones, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Blue Grass

19 min drive

Bus

Tates Creek & Gainesway

Bus

Armstrong Mill & 1100 Outbound

Bus

Armstrong Mill & Greentree

Gainesway Demographics and Home Trends

Housing Trends

Median List Price
$449,900
Median Sale Price
$389,754
Median Single Family Sale Price
$459,900
Median Townhouse Sale Price
$424,315
Median 2 Bedroom Sale Price
$439,000
Median Change From 1st List Price
3%
Last 12 months Home Sales
53
Median Home Sale Price YoY Change
-23%
Average Price Per Sq Ft
$211

Neighborhood Facts

Number of Homes in Neighborhood
770
Number of Homes for Sale
9
Median Year Built
1964
Months of Supply
2.00
Average Single Family Home Size Sq Ft
1,753
Below the national average
1,924
Average Townhouse Size Sq Ft
1,643
Median Lot Size Sq Ft
19,384

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Robin Jones, an experienced agent in this neighborhood.

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
1,645
Median Age
38
Population Density
6 ppl/acre
Population under 18
24.8%
On par with the national average
23.8%
Population over 65
19.7%
On par with the national average
19.1%

Finances

Median Household Income
$76,407
Above the national average
$71,702
Average Household Income
$82,769

Education and Workforce

High School Graduates
95.7%
College Graduates
52.2%
Above the national average
34.1%
Advanced Degrees
26%
Above the national average
13.3%
% Population in Labor Force
64.1%

Weather

Annual Precipitation
50''
Average Winter Low Temperature
26°F
Average Summer High Temperature
87°F
Annual Snowfall
26''

Area Factors

Somewhat Bikeable

Bike Score®

35 / 100

Car-Dependent

Walk Score®

26 / 100

Some Transit

Transit Score®

25 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Gainesway