Alumni Club, Lexington, KY—40517
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alumni Club, Lexington, KY
As of Oct '25, the median home price in Alumni Club, Lexington, KY is $247,000, with a year-over-year change of 3.5%. This indicates that home prices in Alumni Club, Lexington, KY are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | 3.5% |
| Single Family | $251,000 | 3.7% |
| Condos | $189,000 | 4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | 4.6% |
3 Bed | $259,000 | 3.2% |
4 Bed | $311,000 | 2.6% |
| 5 Bed | $334,000 | 2.8% |
% of Housing Stock
Rental Trends — Alumni Club, Lexington, KY
As of July '25, Rentcast reports the average rent in Alumni Club, Lexington, KY is $1,350, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Alumni Club, Lexington, KY is studios: $1,210, 1-bedrooms: $1,080, 2-bedrooms: $1,150, 3-bedrooms: $1,730, 4-bedrooms: $1,930. The most common rental property sizes in Alumni Club, Lexington, KY are 2-bedroom and 1-bedroom, accounting for 47.3% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,350 |
| Studio Rent | $1,020 | $1,210 |
| 1 Bed Rent | $999 | $1,080 |
| 2 Bed Rent | $1,100 | $1,150 |
| 3 Bed Rent | $1,680 | $1,730 |
| 4 Bed Rent | $1,750 | $1,930 |
% of Rental Stock
Property Listings — Alumni Club, Lexington, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Alumni Club, Lexington, KY is 44. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $252,000 | -5.0% |
Listing Count | 100 | 39.0% |
| Listings as % of Homes | 0.2% | 39.0% |
Days on Market | 44 | -9.0% |
Demographics — Alumni Club, Lexington, KY
As of the latest ACS Survey released in 2023, Alumni Club, Lexington, KY has a population of 36,400, which has remained stable by -0.8% over the past 5 years. Alumni Club, Lexington, KY is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 41.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,400 | -0.8% |
% Under 18 | 23.2% | 0.4% |
% Seniors | 12.8% | 2.4% |
% WFH | 10.1% | 288.5% |
% w/ College Degree | 41.3% | 29.1% |
As of the latest ACS Survey released in 2023, Alumni Club, Lexington, KY is a predominantly white area, with 60.2% of the population identifying as white. The white population has shrunk by 11.5% in the last 5 years. The second most common race or ethnicity in Alumni Club, Lexington, KY is black, making up 24.0% of the population. Foreign-born residents account for 8.9% of the population in Alumni Club, Lexington, KY, and this percentage has increased by 23.6% 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 | 60.2% | -11.5% |
% Black | 24.0% | 14.3% |
% Hispanic | 8.1% | 72.3% |
% Asian | 1.6% | -36.0% |
% Foreign Born | 8.9% | 23.6% |
Mortgage and Risk — Alumni Club, Lexington, KY
According to HUD data as of 2023, there were 456 mortgage originations in Alumni Club, Lexington, KY, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Alumni Club, Lexington, KY. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 456 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Alumni Club, Lexington, KY
As of 2024, the percent of homes in Alumni Club, Lexington, KY under the Section 8 program is 16.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Alumni Club, Lexington, KY, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,952 |
Total Units Section 8 | 1,708 |
% Rentals under Section 8 | 16.1% |
% Occupied Section 8 | 92.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $31 | $999 | $1,030 |
| 2 Bedroom | $120 | $1,100 | $1,220 |
| 3 Bedroom | -$20 | $1,680 | $1,660 |
| 4 Bedroom | $110 | $1,750 | $1,860 |
Affordability — Alumni Club, Lexington, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $247,000 |
| Median Household Income | $51,800 |