Beaumont / University, Lexington, KY—40502
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Beaumont / University, Lexington, KY
As of Oct '25, the median home price in Beaumont / University, Lexington, KY is $533,000, with a year-over-year change of 5.4%. This indicates that home prices in Beaumont / University, Lexington, KY are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $533,000 | 5.4% |
| Single Family | $570,000 | 5.9% |
| Condos | $238,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $176,000 | 1.7% |
2 Bed | $290,000 | 4.7% |
3 Bed | $487,000 | 5.0% |
4 Bed | $748,000 | 4.8% |
| 5 Bed | $999,000 | 4.7% |
% of Housing Stock
Rental Trends — Beaumont / University, Lexington, KY
As of July '25, Rentcast reports the average rent in Beaumont / University, Lexington, KY is $1,570, with a year-over-year rent change of 6.8%. Per bedroom, the median rent as of July '25 in Beaumont / University, Lexington, KY is studios: $752, 1-bedrooms: $994, 2-bedrooms: $1,560, 3-bedrooms: $2,170, 4-bedrooms: $2,680. The most common rental property sizes in Beaumont / University, Lexington, KY are 2-bedroom and 1-bedroom, accounting for 35.7% and 33.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,570 |
| Studio Rent | $749 | $752 |
| 1 Bed Rent | $875 | $994 |
| 2 Bed Rent | $1,500 | $1,560 |
| 3 Bed Rent | $1,800 | $2,170 |
| 4 Bed Rent | $2,800 | $2,680 |
% of Rental Stock
Property Listings — Beaumont / University, Lexington, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Beaumont / University, Lexington, KY is 55. This is a increase of 19.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | 4.0% |
Listing Count | 97 | 17.0% |
| Listings as % of Homes | 0.3% | 17.0% |
Days on Market | 55 | 19.0% |
Demographics — Beaumont / University, Lexington, KY
As of the latest ACS Survey released in 2023, Beaumont / University, Lexington, KY has a population of 26,600, which has remained stable by -0.8% over the past 5 years. Beaumont / University, Lexington, KY is a moderately popular place for families, as children make up 17.7% of the population. The area has a highly educated workforce, with 67.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,600 | -0.8% |
% Under 18 | 17.7% | 7.3% |
% Seniors | 21.8% | 30.5% |
% WFH | 15.3% | 155.0% |
% w/ College Degree | 67.1% | 2.1% |
As of the latest ACS Survey released in 2023, Beaumont / University, Lexington, KY is a predominantly white area, with 85.3% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Beaumont / University, Lexington, KY is hispanic, making up 4.3% of the population. Foreign-born residents account for 8.6% of the population in Beaumont / University, Lexington, KY, and this percentage has increased by 26.5% 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 | 85.3% | -4.9% |
% Black | 3.8% | 90.0% |
% Hispanic | 4.3% | 65.4% |
% Asian | 4.1% | 41.4% |
% Foreign Born | 8.6% | 26.5% |
Mortgage and Risk — Beaumont / University, Lexington, KY
According to HUD data as of 2023, there were 388 mortgage originations in Beaumont / University, Lexington, KY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Beaumont / University, Lexington, KY. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 388 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Beaumont / University, Lexington, KY
As of 2024, the percent of homes in Beaumont / University, Lexington, KY under the Section 8 program is 1.0%. 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 units appear to be good home sizes to consider for Section 8 housing in Beaumont / University, Lexington, KY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 55 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $115 | $875 | $990 |
| 2 Bedroom | -$310 | $1,500 | $1,190 |
| 3 Bedroom | -$180 | $1,800 | $1,620 |
| 4 Bedroom | -$970 | $2,800 | $1,830 |
Affordability — Beaumont / University, Lexington, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $533,000 |
| Median Household Income | $73,900 |