Nicholasville Area, Lexington, KY—40510
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nicholasville Area, Lexington, KY
As of Nov '25, the median home price in Nicholasville Area, Lexington, KY is $712,000, with a year-over-year change of 11.3%. This indicates that home prices in Nicholasville Area, Lexington, KY are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $712,000 | 11.3% |
| Single Family | $712,000 | 11.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Nicholasville Area, Lexington, KY
Nicholasville Area, Lexington, KY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Nicholasville Area, Lexington, KY
As of Nov '25, Realtor.com reports that the median days on market for a home in Nicholasville Area, Lexington, KY is 68. This is a decrease of -28.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,900,000 | -58.0% |
Listing Count | 3 | -57.0% |
| Listings as % of Homes | 0.7% | -57.0% |
Days on Market | 68 | -28.0% |
Demographics — Nicholasville Area, Lexington, KY
As of the latest ACS Survey released in 2023, Nicholasville Area, Lexington, KY has a population of 1,990, which has decreased by -1.5% over the past 5 years. Nicholasville Area, Lexington, KY is a less popular place for families, as children make up 8.0% of the population. The area has a moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,990 | -1.5% |
% Under 18 | 8.0% | -1.2% |
% Seniors | 14.4% | 46.9% |
% WFH | 17.0% | 372.2% |
% w/ College Degree | 27.1% | 6.3% |
As of the latest ACS Survey released in 2023, Nicholasville Area, Lexington, KY is a predominantly white area, with 72.8% of the population identifying as white. The white population has grown by 8.2% in the last 5 years. The second most common race or ethnicity in Nicholasville Area, Lexington, KY is black, making up 18.9% of the population. Foreign-born residents account for 6.3% of the population in Nicholasville Area, Lexington, KY, and this percentage has increased by 1.6% 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 | 72.8% | 8.2% |
% Black | 18.9% | -24.1% |
% Hispanic | 5.6% | -1.8% |
% Asian | 0.7% | 75.0% |
% Foreign Born | 6.3% | 1.6% |
Mortgage and Risk — Nicholasville Area, Lexington, KY
Nicholasville Area, Lexington, KY lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Nicholasville Area, Lexington, KY
Nicholasville Area, Lexington, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,100 |
| 2 Bedroom | N/A | N/A | $1,300 |
| 3 Bedroom | N/A | N/A | $1,770 |
| 4 Bedroom | N/A | N/A | $1,980 |
Affordability — Nicholasville Area, Lexington, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $712,000 |
| Median Household Income | $156,000 |