Eastland, Lexington, KY—40509
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eastland, Lexington, KY
As of Oct '25, the median home price in Eastland, Lexington, KY is $390,000, with a year-over-year change of 3.0%. This indicates that home prices in Eastland, Lexington, KY are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $390,000 | 3.0% |
| Single Family | $394,000 | 3.1% |
| Condos | $278,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 2.4% |
3 Bed | $330,000 | 2.8% |
4 Bed | $487,000 | 2.3% |
| 5 Bed | $626,000 | 2.0% |
% of Housing Stock
Rental Trends — Eastland, Lexington, KY
As of July '25, Rentcast reports the average rent in Eastland, Lexington, KY is $1,910, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Eastland, Lexington, KY is studios: $884, 1-bedrooms: $1,130, 2-bedrooms: $1,480, 3-bedrooms: $2,070, 4-bedrooms: $2,730. The most common rental property sizes in Eastland, Lexington, KY are 2-bedroom and 3-bedroom, accounting for 37.2% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,910 |
| Studio Rent | $400 | $884 |
| 1 Bed Rent | $1,040 | $1,130 |
| 2 Bed Rent | $1,300 | $1,480 |
| 3 Bed Rent | $2,000 | $2,070 |
| 4 Bed Rent | $2,650 | $2,730 |
% of Rental Stock
Property Listings — Eastland, Lexington, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Eastland, Lexington, KY is 56. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $497,000 | -5.0% |
Listing Count | 263 | 50.0% |
| Listings as % of Homes | 0.7% | 50.0% |
Days on Market | 56 | 28.0% |
Demographics — Eastland, Lexington, KY
As of the latest ACS Survey released in 2023, Eastland, Lexington, KY has a population of 45,100, which has increased by 12.3% over the past 5 years. Eastland, Lexington, KY is a popular place for families, as children make up 25.8% of the population. The area has a highly educated workforce, with 57.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,100 | 12.3% |
% Under 18 | 25.8% | 4.5% |
% Seniors | 13.8% | 24.3% |
% WFH | 11.2% | 143.5% |
% w/ College Degree | 57.0% | 7.8% |
As of the latest ACS Survey released in 2023, Eastland, Lexington, KY is a predominantly white area, with 67.0% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Eastland, Lexington, KY is black, making up 14.3% of the population. Foreign-born residents account for 12.3% of the population in Eastland, Lexington, KY, and this percentage has increased by 38.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.0% | -6.9% |
% Black | 14.3% | -0.7% |
% Hispanic | 6.5% | 25.0% |
% Asian | 7.0% | 32.1% |
% Foreign Born | 12.3% | 38.2% |
Mortgage and Risk — Eastland, Lexington, KY
According to HUD data as of 2023, there were 1001 mortgage originations in Eastland, Lexington, KY, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Eastland, Lexington, KY. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,001 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Eastland, Lexington, KY
As of 2024, the percent of homes in Eastland, Lexington, KY under the Section 8 program is 7.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Eastland, Lexington, KY, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 615 |
Total Units Section 8 | 502 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 94.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,040 | $1,190 |
| 2 Bedroom | $110 | $1,300 | $1,410 |
| 3 Bedroom | -$80 | $2,000 | $1,920 |
| 4 Bedroom | -$490 | $2,650 | $2,160 |
Affordability — Eastland, Lexington, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $390,000 |
| Median Household Income | $89,400 |