$551,670Average Value$216Average Price per Sq Ft9Homes For Sale
Palomar offers private community amenities and highly rated schools
Located on Lexington’s southwestern edge, Palomar is an established community with private amenities and city conveniences nearby. The neighborhood sits against the backdrop of Kentucky's horse country, but it feels distinctly suburban, with cul-de-sacs, a neighborhood clubhouse and a pool. Highly rated schools are a top draw for the area. Harrodsburg Road and Man o' War Boulevard put Downtown Lexington, the University of Kentucky and the airport within easy reach, while everyday shops, restaurants and grocery stores are within walking distance.
Palomar is a suburban community in southwest Lexington.
Palomar has a peaceful feel.
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What home prices and HOA fees you’ll find in Palomar
The median home sale price in Palomar is in the lower $500,000s, above Lexington’s overall median and that of nearby neighborhoods like Harrods Hill and Plantation, but below that of Firebrook. You can typically find:
Homes under 3,000 square feet from the lower $300,000s to the mid-$500,000s
Larger homes from the upper $500,000s the upper $800,000s
Older townhouses from the mid-$300,000s to the lower $400,000s
New construction townhouses from the lower $600,000s to the lower $800,000s
Palomar is a deed-restricted community, so you’ll have to pay a monthly HOA fee of around $80, which covers upkeep of the community’s shared amenities.
Brick ranch-style houses, colonials and custom builds
Palomar is an established neighborhood where all-brick ranch-style homes sit alongside colonial two-stories and contemporary designs. Most homes were built in the 1980s and ‘90s, and listings regularly feature finished basements with wet bars, vaulted great rooms and multiple fireplaces. You’ll also find some new construction custom homes. “The pride of homeownership is really evident," says Jeremy Perryman, a Realtor with SimpliHOM. "Properties are well-maintained, and there's a collective effort to uphold community standards.” Townhouses are also available and come in a range of styles, from traditional brick townhouses built in the ‘80s and ‘90s to new construction with modern designs.
Newer construction homes built in the 2020s are available in Palomar.
Colonial and traditional architecture are common in Palomar.
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Top-rated public schools serve the community
Families are served by the Fayette County Public Schools district. Kids can start at Rosa Parks Elementary School, which gets an A rating from Niche and is a 2021 National Blue Ribbon School, then go to the A-rated Beaumont Middle School. Older students attend the A-rated Paul Laurence Dunbar High School, home to the Math, Science, and Technology Center magnet program. If you’re interested in private schools, The Lexington School, which gets an A rating, is nearby.
Paul Laurence Dunbar High School is highly rated.
Beaumont Middle School serves the area.
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Wellington Park has many art installations.
Community amenities and nearby parks
Recreation in the neighborhood often centers around the community’s clubhouse and swimming pool, where the Palomar Pirahnas Swim Team competes in June and July. The community park has regular events, including a Fourth of July celebration and an Easter egg hunt. If you’re looking for more recreation, check out these spots nearby:
Wellington Park, a 40-acre green space where paved walking trails are lined with public art and flower gardens
Shillito Park, a large park with sports fields, tennis courts and a disc golf course
Keene Trace Golf Club, a private club with two golf courses
Harrodsburg Road and Man o’ War Boulevard connect to the city
Harrodsburg Road leads straight to downtown Lexington, 6 miles away, a drive that takes around 15 minutes. The University of Kentucky, the city’s biggest employer, is around 5 miles away. Man o’ War Boulevard borders the area, connecting to the Blue Grass Airport, Keeneland racecourse and Interstate 75. Casey Weesner, a real estate consultant with Weesner Properties who’s sold homes in the area for over 20 years, says that folks who commute west to Frankfort “like living on this side of town so they don't have to drive through the city.”
Walmart Neighborhood Market is nearby.
Everyday shopping and dining options line Harrodsburg Road
Palomar is on the outer edge of the city, but the neighborhood is still within walking distance of a handful of businesses along Harrodsburg Road. These include restaurants like Ramsey’s Diner and Malone’s, both longtime Lexington staples with multiple locations across the city, and chains like Chick-fil-A and Starbucks. A Walmart Neighborhood Market and Publix keep groceries close by. For retail shopping, The Summit at Fritz Farm and Fayette Mall are about 5 miles away.
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
Are you familiar with the Palomar neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Palomar
US
Homicide
2
4
Sexual Assault
2
4
Assault with Weapon
2
4
Robbery
2
4
Burglary
4
4
Motor Vehicle Theft
4
4
Larceny
3
4
Crime Score
3
4
Source: WhatIsMyCrimeRisk.com
Palomar Demographics and Home Trends
On average, homes in Palomar, Lexington sell after 29 days on the market compared to the national average of 56 days. The median sale price for homes in Palomar, Lexington over the last 12 months is $525,000, down 3% from the median home sale price over the previous 12 months.
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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.
