$272,014Average Value$160Average Price per Sq Ft2Homes For Sale
Red Mile Gaming & Racing is a destination for harness racing.
What it’s like to live in Red Mile
Named for the famous horse racing and gaming venue within the neighborhood, Red Mile offers recreation and a variety of housing options near Downtown Lexington and the University of Kentucky. It’s a popular area for students seeking off-campus housing, since Red Mile’s apartment complexes and rental bungalows are within walking distance of campus. There are also quieter and more suburban sections of the neighborhood, helping Red Mile appeal to a wide range of folks who want to be close to Lexington ’s center.
A rental-friendly area with apartments and midcentury homes
Red Mile is a popular spot for renters, and most of the housing here is in apartment complexes. These often offer amenities like dog parks, swimming pools and fitness centers. Renters can also find single-family homes and townhouses. If you’re looking to buy, you’ll see mostly ranch-style and split-level homes that were built in the 1950s and ‘60s. Those in the Pine Meadows subdivision can sit on spacious lots that are usually around a quarter of an acre. Homes off Red Mile Road and near South Broadway are often bungalows and Cape Cods that sit close together on smaller lots. Townhouses are also available for purchase.
Ranch-style homes can be found in Red Mile.
Homes in Red Mile often have driveways.
Apartments are available in Red Mile.
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How much homes in Red Mile usually cost
The median home sale price in Red Mile is in the lower $300,000s, below Lexington’s overall median, roughly the same as West Lexington ’s median, and above that of South Broadway Park and Picadome. Brett Franklin, a Realtor with The Pegasus Team brokered by eXp Realty, says that the price per square foot here is generally below that of in nearby areas. “You're going to pay a little less for the same size home as you would compared to other neighborhoods and still be close to Downtown Lexington,” he says. You can find single-family homes ranging from the mid-$200,000s to the upper $400,000s. Townhouses and condos can range from the lower to upper $100,000s.
Downtown and the University of Kentucky are minutes away
Commuters can travel the 2 miles to Downtown Lexington in around five minutes. The University of Kentucky is less than a mile away, which you can drive to in under five minutes or walk to in around 15 minutes. The Lextran bus stops throughout the area, and there are bike lanes on Red Mile Road and Virginia Avenue, adding more options for your commute.
Lextran bus stops can be found throughout Red Mile.
The Lextran bus offers an alternative way to commute.
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The University of Kentucky is within walking distance.
A central location that attracts students and long-term residents
Red Mile offers everything from urban apartment living to quiet suburban streets, attracting a variety of residents who appreciate its central location. “It’s a great location with a lot of history and a great blend of communities,” says Realtor John Dabney with Rector Hayden Realtors, who is a lifelong resident of Lexington. “The University of Kentucky is a huge draw. Over the years, it’s been expanding exponentially, and in this direction. So, Red Mile is a great location for students to live.” You’ll typically see more student-friendly housing near South Broadway, while areas closer to Versailles Road feel more established.
Live near racing events, festivals and everyday outdoor spaces
The neighborhood is anchored by Red Mile Gaming & Racing, the city’s destination for harness racing. The Red Mile hosts prestigious stakes races in the fall, and the venue is open year-round for casino gaming. It also has big events, including the Railbird Festival, a multi-day music festival with national acts. There are other ways to get outside in the neighborhood, including The Gay Brewer Jr. Course at Picadome, a city-owned 18-hole golf course. If you’re looking for green space, Addison Park has a walking path, a playground and tennis courts, and Pine Meadows Park has a playground and a basketball hoop.
Play tennis at Addison Park in Red Mile.
Red Mile Gaming & Racing is located in the Red Mile neighborhood of Lexington.
Horse racing events are hosted in Red Mile.
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Nearby spots for dining, nightlife and grocery shopping
South Broadway’s restaurants are within walking distance for many in the neighborhood. Popular options include:
DV8 Kitchen, a mission-driven bakery serving breakfast pastries and lunch
First Watch, a casual spot for familiar breakfast and lunch dishes
KSBar, a KU Wildcats-themed sports bar offering classic pub food
Jeff’s Donuts, a 24-hour donut shop
The Distillery District is also close by. This former industrial area is home to trendy distilleries, restaurants and venues like Manchester Music Hall. For groceries, there are several international grocery stores nearby, and national retailers like Kroger are within 3 miles.
Red Mile residents can get fresh produce at Kroger, a short drive away.
The Distillery District is a popular night-out location for residents from Red Mile.
Distilleries offers tours and tastings in the Distillery District.
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Which Fayette County public school options are available
Kids can attend the highly rated Fayette County Public Schools district. Enrollment is primarily address-based, though kids can also apply to magnet schools and specialty programs. Here’s what you need to know:
Three elementary schools serve the area, including the highly rated Picadome Elementary School.
Three middle schools also serve the area, including the highly rated Jessie M. Clark Middle School.
Middle schoolers can apply to the nearby School for the Creative and Performing Arts at Bluegrass, also known as SCAPA.
The highly rated Lafayette High School serves the neighborhood and offers a SCAPA program for older kids.
Cheer on the team at Lafayette High School.
Student success is a top priority for teachers and staff at Lafayette High School.
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 Red Mile neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Red Mile
US
Homicide
7
4
Sexual Assault
8
4
Assault with Weapon
8
4
Robbery
7
4
Burglary
6
4
Motor Vehicle Theft
6
4
Larceny
7
4
Crime Score
8
4
Source: WhatIsMyCrimeRisk.com
Red Mile Demographics and Home Trends
On average, homes in Red Mile, Lexington sell after 28 days on the market compared to the national average of 56 days. The median sale price for homes in Red Mile, Lexington over the last 12 months is $290,000, consistent with the median home sale price over the previous 12 months.
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Kristol YeagerBluegrass Sotheby's International Realty
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Hurry! This one won't last long. Conveniently located near UK, downtown, and backing to Picadome Golf Course, this home is a rare find. Enjoy the beautiful view out back from the huge bonus room overlooking the golf course! Walk or bike to UK. This property also has a detached one car garage with an additional carport space attached to it. Broker/Owner.
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*STUDENT RENTAL* Pre-leasing 26-27 school year.Close to campus! This brand new 5 bed 5 bath is set to be finished with construction this year! This modern home has a spacious living room and kitchen for you and all your friends. Our new builds also include a charging station for electric cars. Be the first to live in a brand new home and secure it for the 26-27 school year.
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Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
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