Hamburg / Tates Creek, Lexington, KY—40514
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hamburg / Tates Creek, Lexington, KY
As of Oct '25, the median home price in Hamburg / Tates Creek, Lexington, KY is $359,000, with a year-over-year change of 4.5%. This indicates that home prices in Hamburg / Tates Creek, Lexington, KY are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $359,000 | 4.5% |
| Single Family | $362,000 | 4.9% |
| Condos | $309,000 | 10.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $238,000 | 8.2% |
3 Bed | $335,000 | 4.7% |
4 Bed | $440,000 | 4.8% |
| 5 Bed | $553,000 | 4.9% |
% of Housing Stock
Rental Trends — Hamburg / Tates Creek, Lexington, KY
As of July '25, Rentcast reports the average rent in Hamburg / Tates Creek, Lexington, KY is $1,880, with a year-over-year rent change of -4.6%. Per bedroom, the median rent as of July '25 in Hamburg / Tates Creek, Lexington, KY is 1-bedrooms: $1,270, 2-bedrooms: $1,570, 3-bedrooms: $1,890, 4-bedrooms: $2,310. The most common rental property sizes in Hamburg / Tates Creek, Lexington, KY are 3-bedroom and 2-bedroom, accounting for 52.9% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,270 | $1,270 |
| 2 Bed Rent | $1,520 | $1,570 |
| 3 Bed Rent | $1,900 | $1,890 |
| 4 Bed Rent | $2,400 | $2,310 |
% of Rental Stock
Property Listings — Hamburg / Tates Creek, Lexington, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Hamburg / Tates Creek, Lexington, KY is 46. This is a increase of 21.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | 6.0% |
Listing Count | 41 | 68.0% |
| Listings as % of Homes | 0.2% | 68.0% |
Days on Market | 46 | 21.0% |
Demographics — Hamburg / Tates Creek, Lexington, KY
As of the latest ACS Survey released in 2023, Hamburg / Tates Creek, Lexington, KY has a population of 16,900, which has increased by 4.8% over the past 5 years. Hamburg / Tates Creek, Lexington, KY is a popular place for families, as children make up 26.0% of the population. The area has a highly educated workforce, with 54.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,900 | 4.8% |
% Under 18 | 26.0% | -1.1% |
% Seniors | 12.6% | 1.6% |
% WFH | 11.1% | 131.2% |
% w/ College Degree | 54.2% | -0.7% |
As of the latest ACS Survey released in 2023, Hamburg / Tates Creek, Lexington, KY is a predominantly white area, with 80.3% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Hamburg / Tates Creek, Lexington, KY is asian, making up 6.0% of the population. Foreign-born residents account for 8.9% of the population in Hamburg / Tates Creek, Lexington, KY, and this percentage has increased by 41.3% 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 | 80.3% | -5.6% |
% Black | 4.4% | 25.7% |
% Hispanic | 4.8% | 71.4% |
% Asian | 6.0% | 25.0% |
% Foreign Born | 8.9% | 41.3% |
Mortgage and Risk — Hamburg / Tates Creek, Lexington, KY
According to HUD data as of 2023, there were 305 mortgage originations in Hamburg / Tates Creek, Lexington, KY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Hamburg / Tates Creek, Lexington, KY. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 305 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Hamburg / Tates Creek, Lexington, KY
As of 2024, the percent of homes in Hamburg / Tates Creek, Lexington, KY under the Section 8 program is 0.9%. 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. In Hamburg / Tates Creek, Lexington, KY, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,270 | $1,340 |
| 2 Bedroom | $70 | $1,520 | $1,590 |
| 3 Bedroom | $260 | $1,900 | $2,160 |
| 4 Bedroom | $30 | $2,400 | $2,430 |
Affordability — Hamburg / Tates Creek, Lexington, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $359,000 |
| Median Household Income | $96,300 |