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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 no 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 December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 10 cities and towns with data available were included in the list.

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Stacker

#10. Paris, KY

– 1-year price change: +$16,280 (+9.0%)
– 5-year price change: +$57,466 (+41.1%)
– Typical home value: $197,208 (#10 most expensive city in metro)

Stacker

#9. Winchester, KY

– 1-year price change: +$18,535 (+9.7%)
– 5-year price change: +$59,662 (+40.0%)
– Typical home value: $208,791 (#9 most expensive city in metro)

Stacker

#8. Midway, KY

– 1-year price change: +$24,788 (+9.6%)
– 5-year price change: +$87,800 (+44.9%)
– Typical home value: $283,392 (#4 most expensive city in metro)

Stacker

#7. Versailles, KY

– 1-year price change: +$25,310 (+9.3%)
– 5-year price change: +$85,320 (+40.4%)
– Typical home value: $296,458 (#1 most expensive city in metro)

Stacker

#6. Lexington, KY

– 1-year price change: +$30,694 (+12.0%)
– 5-year price change: +$98,944 (+53.0%)
– Typical home value: $285,734 (#3 most expensive city in metro)

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Stacker

#5. Sadieville, KY

– 1-year price change: +$33,426 (+17.1%)
– 5-year price change: +$85,556 (+59.8%)
– Typical home value: $228,692 (#8 most expensive city in metro)

Stacker

#4. Stamping Ground, KY

– 1-year price change: +$37,962 (+18.5%)
– 5-year price change: +$103,565 (+74.4%)
– Typical home value: $242,827 (#7 most expensive city in metro)

Stacker

#3. Nicholasville, KY

– 1-year price change: +$38,827 (+17.5%)
– 5-year price change: +$93,654 (+55.9%)
– Typical home value: $261,241 (#5 most expensive city in metro)

Stacker

#2. Wilmore, KY

– 1-year price change: +$38,850 (+17.9%)
– 5-year price change: +$91,228 (+55.5%)
– Typical home value: $255,687 (#6 most expensive city in metro)

Stacker

#1. Georgetown, KY

– 1-year price change: +$42,894 (+17.2%)
– 5-year price change: +$107,280 (+58.2%)
– Typical home value: $291,603 (#2 most expensive city in metro)

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