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Cities with the fastest growing home prices in Lexington metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Lexington-Fayette, KY metro area using data from Zillow. Cities are ranked by 1-year price change as of July 2022. The typical home value in the United States increased over the last year by +19.8% to $354,165. All 10 cities and towns with data available were included in the list.

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Stacker

#10. Sadieville, KY

– 1-year price change: +$20,098 (+10.4%)
– 5-year price change: +$75,648 (+54.6%)
– Typical home value: $214,096 (#8 most expensive city in metro)

Stacker

#9. Paris, KY

– 1-year price change: +$20,561 (+12.7%)
– 5-year price change: +$53,618 (+41.6%)
– Typical home value: $182,409 (#10 most expensive city in metro)

Stacker

#8. Winchester, KY

– 1-year price change: +$22,321 (+13.1%)
– 5-year price change: +$54,122 (+39.2%)
– Typical home value: $192,279 (#9 most expensive city in metro)

Stacker

#7. Midway, KY

– 1-year price change: +$30,436 (+13.2%)
– 5-year price change: +$81,035 (+45.0%)
– Typical home value: $261,141 (#4 most expensive city in metro)

Stacker

#6. Versailles, KY

– 1-year price change: +$31,007 (+12.8%)
– 5-year price change: +$77,870 (+39.7%)
– Typical home value: $273,857 (#3 most expensive city in metro)

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Stacker

#5. Wilmore, KY

– 1-year price change: +$38,930 (+19.0%)
– 5-year price change: +$81,152 (+49.8%)
– Typical home value: $244,266 (#6 most expensive city in metro)

Stacker

#4. Nicholasville, KY

– 1-year price change: +$39,638 (+18.8%)
– 5-year price change: +$84,090 (+50.6%)
– Typical home value: $250,195 (#5 most expensive city in metro)

Stacker

#3. Georgetown, KY

– 1-year price change: +$40,191 (+16.8%)
– 5-year price change: +$98,258 (+54.4%)
– Typical home value: $279,014 (#2 most expensive city in metro)

Stacker

#2. Lexington, KY

– 1-year price change: +$43,599 (+18.0%)
– 5-year price change: +$100,178 (+54.0%)
– Typical home value: $285,679 (#1 most expensive city in metro)

Stacker

#1. Stamping Ground, KY

– 1-year price change: +$45,986 (+24.6%)
– 5-year price change: +$99,847 (+75.1%)
– Typical home value: $232,827 (#7 most expensive city in metro)

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