$162,194Average Value$144Average Price per Sq Ft2Homes For Sale
What draws buyers and investors to Georgetown
Located just north of Downtown Lexington, Georgetown is an established neighborhood that's drawing new attention. This community, not to be mistaken for Georgetown in nearby Scott County, has homes that often have lower price tags than other parts of Lexington, attracting buyers and investors looking to fix them up. Douglass Park and the Lexington Cemetery, a nationally recognized arboretum, provide recreation, and downtown venues like Rupp Arena are nearby. Access to Lextran bus routes and major roads keeps the rest of Lexington within easy reach.
What home styles and prices you’ll find in Georgetown
Most of the neighborhood’s homes are Craftsman bungalows, ranch-style houses and shotgun cottages. The area’s oldest houses date back to the 1920s and have features like covered front porches and fireplaces. You can also find some newer homes built in the 2010s. “Recently, that area has been part of an opportunity zone, so there’s been a lot of investors. It’s not as much tearing down as going in and buying them and fixing them up,” says Bob Sophiea, a Realtor with eXp Realty. Most properties are rentals, but if you’re looking to buy, you can expect a median home sale price in the mid-$100,000s, below Lexington’s overall median and that of nearby neighborhoods like Saint Martins Village, Northside and Melrose-Oakpark. Fixer-uppers generally range from the low $70,000s to the mid-$100,000s, while move-in-ready houses range from the mid-$100,000s to the mid-$200,000s.
There are rows of older cottage-style homes in Georgetown.
This classic bungalow is just one style of home in Georgetown.
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Which Fayette County schools, colleges and universities serve the area
Families are served by the Fayette County Public Schools district. Kids can start at Booker T. Washington Elementary School, then go to Winburn Middle School. Older students can attend Paul Laurence Dunbar High School, which gets an A rating from Niche and is home to the competitive Math, Science and Technology Center, a STEM magnet program. For higher education, Bluegrass Community and Technical College’s Newtown campus is on the neighborhood’s edge. Transylvania University is about a mile away, and the University of Kentucky is 3 miles away.
Booker T. Washington Elementary School is in the neighborhood.
Winburn Middle School serves the area.
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Getting around the city by car or on the Lextran bus
Newtown Pike and Georgetown Street run through the area, providing direct access to downtown Lexington, about 2 miles away. New Circle Road, which loops around the city’s core, borders the neighborhood. For a car-free commute, the Lextran bus stops throughout the area, and some stretches of Georgetown Street and Newtown Pike have bike lanes.
The Lextran bus stops in Georgetown.
Georgetown is close to New Circle Road.
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Douglass Park and Lexington Cemetery offer recreation and nature
The neighborhood's primary green space is Douglass Park, which has walking trails, basketball courts and a playground. The park is where the Georgetown Street Area Neighborhood Association holds its events. “They’re forming a strong community there,” says Donna Elder, an associate broker and Realtor with Re/Max Creative Realty. The Douglass Aquatic Center and Sprayground is a popular place to cool off in the summer. Lexington Cemetery, which spans around 170 acres, is a scenic place to take a stroll. In the spring, the cemetery is full of blooming dogwoods, weeping cherry trees and thousands of tulips. Nearby, the Legacy Trail is a 12-mile paved path connecting downtown Lexington with the Kentucky Horse Park.
Douglass Park offers a playground and picnic areas.
Practice shooting your three pointers at Georgetown’s Douglass Park.
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Near downtown Lexington’s event venues
Georgetown’s proximity to downtown puts residents close to some of the city’s top event venues. Here are some popular ones:
Rupp Arena, a sports venue that has University of Kentucky basketball games and concerts by nationally recognized musicians
Gatton Park on the Town Branch, a city park that has regular concerts and the annual Crave Food and Music Festival
Manchester Music Hall, a live music venue in a former distillery warehouse
Lexington Opera House, a historic theater that has Broadway musicals, comedy shows and concerts
Restaurants and stores on Georgetown Street and Leestown Road
Georgetown has a mix of dining options in the neighborhood and nearby along Leestown Road. You can grab a bite at these spots:
Grimes's Fast Food, a neighborhood staple that’s served fried chicken and hearty sides for 30 years
Zaki Mediterranean Grill, a counter-service spot serving shawarma and falafel
Jasmine Rice Thai Restaurant, a casual spot serving Thai and Laotian dishes
Apollo Pizza, a restaurant with an industrial vibe and Kentucky-inspired pies
You can pick up snacks at King MJ Food Mart and browse for plants at Pemberton’s Greenhouses. Grocery stores like Kroger and Aldi are a short drive away, and Walmart is on New Circle Road.
Zaki Mediterranean Grill is a popular restaurant in Georgetown.
King MJ Food Mart is a small grocery market in Georgetown.
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Georgetown Demographics and Home Trends
On average, homes in Georgetown, Lexington sell after 50 days on the market compared to the national average of 55 days. The median sale price for homes in Georgetown, Lexington over the last 12 months is $154,000, up 39% from the median home sale price over the previous 12 months.
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