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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 August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 10 cities and towns with data available were included in the list.

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Stacker

#10. Paris, Kentucky

– 1-year price change: +$20,361 (+12.4%)
– 5-year price change: +$54,574 (+42.0%)
– Typical home value: $184,584 (#10 most expensive city in metro)

Stacker

#9. Sadieville, Kentucky

– 1-year price change: +$22,084 (+11.4%)
– 5-year price change: +$76,921 (+55.1%)
– Typical home value: $216,488 (#8 most expensive city in metro)

Stacker

#8. Winchester, Kentucky

– 1-year price change: +$22,179 (+12.9%)
– 5-year price change: +$55,297 (+39.8%)
– Typical home value: $194,135 (#9 most expensive city in metro)

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#7. Midway, Kentucky

– 1-year price change: +$30,556 (+13.0%)
– 5-year price change: +$82,739 (+45.4%)
– Typical home value: $264,793 (#4 most expensive city in metro)

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#6. Versailles, Kentucky

– 1-year price change: +$30,927 (+12.6%)
– 5-year price change: +$79,445 (+40.3%)
– Typical home value: $276,698 (#3 most expensive city in metro)

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#5. Georgetown, Kentucky

– 1-year price change: +$38,939 (+16.1%)
– 5-year price change: +$99,670 (+55.0%)
– Typical home value: $281,007 (#2 most expensive city in metro)

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#4. Lexington, Kentucky

– 1-year price change: +$40,322 (+16.5%)
– 5-year price change: +$98,601 (+52.9%)
– Typical home value: $284,944 (#1 most expensive city in metro)

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#3. Wilmore, Kentucky

– 1-year price change: +$40,953 (+19.7%)
– 5-year price change: +$85,247 (+52.2%)
– Typical home value: $248,524 (#6 most expensive city in metro)

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#2. Nicholasville, Kentucky

– 1-year price change: +$41,547 (+19.5%)
– 5-year price change: +$88,400 (+53.1%)
– Typical home value: $254,966 (#5 most expensive city in metro)

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#1. Stamping Ground, Kentucky

– 1-year price change: +$45,784 (+24.2%)
– 5-year price change: +$100,062 (+74.3%)
– Typical home value: $234,742 (#7 most expensive city in metro)

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