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Raceland

Raceland

Located in Greenup County

$198,438 Average Value
$115 Average Price per Sq Ft
1 Home For Sale

Raceland has suburban homes and countryside space

Raceland is a residential area 7 miles north of Ashland, Kentucky, on the Ohio River. Decades ago, it was named Raceland to honor a horse track that used to be in town. Today, there’s no track, just streets of 1970s tract homes. “It’s what we would call a suburb in this area. It has a lot of breathing room,” says Alison Christie, an agent with Ross Real Estate Services and a lifelong resident of the Ashland area who’s been selling here for almost 25 years. Compared to the area’s compact town centers, Raceland’s spread-out suburban setting provides much more green living space. “A lot of people who grow up here come back to settle down, which I think says a lot,” Christie says. “We have great roots.” Having a neighborly suburban setting and proximity to schools adds to Raceland’s draw. Plus, local industries are within a short drive, like the river port in Wurtland and a major medical center in Ashland.

Older 1970s ranch-style suburbs and a few options with acreage

Raceland has a sprawling layout of clustered suburban streets and lone drives, but the streetscape is consistent: 1970s ranch-style and 1980s bi-level homes on third-of-an-acre grassy lawns. Also, its residential lots are relatively level, which is a notable feature in the eastern Kentucky hill country. The median price for a single-family home is around $180,000, which is the going rate for three-bedroom ranch-style and bi-level homes. Below the median, smaller ranch-style homes and 1920s cottages built before the town was even named Raceland range from $50,000 to $150,000. Most larger homes, including some new contemporary Craftsman builds, cost between $220,000 and $400,000.

Raceland schools are all rated a B or better

The community is served by Raceland-Worthington Independent Schools, which receives a B-plus overall grade from Niche. Kids begin at Campbell Elementary, rated a B. When the school year ends, the district keeps kids engaged through its weeklong youth summer camp every June. Once they’ve outgrown Campbell, they continue to Raceland-Worthington Middle, given a B, and Raceland-Worthington High, graded a B-plus. All three schools share a campus off Raceland School Road, on the north side of U.S. Route 23.

Green space and a splash pad at Raceland City Park

Raceland City Park is a small recreation area on the north side of U.S. Route 23. It’s Raceland’s only outdoor community space, offering a small lawn with a playground and a covered picnic area for barbecues and birthdays. Kids can also use the splash pad to cool off on summer days. B.F. Crager Community Park is a larger space in Flatwoods, less than 3 miles south. Along with a much larger lawn and playground, Crager Park has a basketball court and multiple Little League fields.

More shopping and dining in Ashland

Raceland is completely residential, but residents can drive less than 3 miles south to Flatwoods for groceries. Most of what Flatwoods has to offer is on Argillite Road, like Pennington’s Food Fair, the local supermarket. Pennington’s plaza has eateries like Pappy’s Cookin’, and Walgreens is nearby. Heading southeast on U.S. Route 23 leads to Kroger and Lowe’s at the Russell Centre, and Ashland is 7 miles away. Ashland is the area’s main town center, with lots of local eateries and shops. Ashland Town Center is also the name of the mall in Ashland, which has retailers like Belk and Hot Topic.

Ohio River shipping and medical centers make up the local industry

The Ohio River isn’t as bustling a trade route as it once was, but it’s still part of the area’s local industry. The CSX Russell Yard borders Raceland to the north, and it’s a significant junction for the region’s coal bounty traveling along the river to the East Coast. There’s also a river port in Wurtland, Raceland’s western neighbor. Health care has become the other significant employer in the Ashland area. The University of Kentucky’s King’s Daughters Medical Center is in downtown Ashland, 7 miles southeast on U.S. Route 23. It’s one of eastern Kentucky’s most comprehensive hospitals.

Commute to Huntington, West Virginia, by train or car

Huntington, West Virginia, is the area’s largest city center. By car, it’s just over 20 miles southeast on U.S. routes 23 and 52. Drivers can also follow Interstate 64 over 70 miles east to Charleston, West Virginia’s capital. Amtrak’s Cardinal route stops in Ashland and offers a half-hour ride to Huntington and a 2-hour ride to Charleston. Charleston is home to West Virginia International Yeager Airport, the closest commercial airport. Finally, the nearest major city is Lexington, which is over 120 miles west on I-64.

Ed Coombs
Written By
Ed Coombs

Interested in learning more about homes in this area? Reach out to Alison Christie, an experienced agent in this area.

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Raceland Housing Trends

Housing Trends

Median List Price
$189,900
Median Sale Price
$219,000
Median Single Family Sale Price
$173,000
Median Change From 1st List Price
1%
Last 12 months Home Sales
6
Median Home Sale Price YoY Change
40%
Average Price Per Sq Ft
$115

Area Facts

Number of Homes
15
Number of Homes for Sale
1
Median Year Built
1990
Months of Supply
2.00
Average Single Family Home Size Sq Ft
2,114
Above the national average
1,926
Median Lot Size Sq Ft
24,175

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Raceland Has More Owners

Demographics

Total Population
2,295
Median Age
45
Population Density
6 ppl/acre
Population under 18
22.7%
On par with the national average
23.8%
Population over 65
22.7%
On par with the national average
19.1%

Finances

Median Household Income
$53,988
Significantly below the national average
$71,702
Average Household Income
$65,038

Education and Workforce

High School Graduates
89.6%
College Graduates
19.3%
Below the national average
34.1%
Advanced Degrees
9.2%
% Population in Labor Force
55.1%
Below the national average
65.1%

Weather

Annual Precipitation
39''
Average Winter Low Temperature
24°F
Average Summer High Temperature
86°F
Annual Snowfall
8''

Area Factors

Car-Dependent

Walk Score®®

1 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

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.
Raceland
Alison Christie
Ross Real Estate Services
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