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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 January 2023. The typical home value in the United States increased over the last year by +6.2% to $329,542. 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: +$15,151 (+8.2%)
– 5-year price change: +$66,710 (+50.1%)
– Typical home value: $199,819 (#10 most expensive city in metro)

Stacker

#9. Midway, KY

– 1-year price change: +$15,184 (+6.0%)
– 5-year price change: +$87,343 (+47.9%)
– Typical home value: $269,584 (#3 most expensive city in metro)

Stacker

#8. Versailles, KY

– 1-year price change: +$19,982 (+7.7%)
– 5-year price change: +$85,171 (+44.0%)
– Typical home value: $278,598 (#1 most expensive city in metro)

Stacker

#7. Stamping Ground, KY

– 1-year price change: +$20,001 (+9.7%)
– 5-year price change: +$71,791 (+46.6%)
– Typical home value: $225,833 (#7 most expensive city in metro)

Stacker

#6. Nicholasville, KY

– 1-year price change: +$20,675 (+8.7%)
– 5-year price change: +$94,582 (+57.9%)
– Typical home value: $258,005 (#5 most expensive city in metro)

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#5. Sadieville, KY

– 1-year price change: +$20,731 (+10.6%)
– 5-year price change: +$72,075 (+50.3%)
– Typical home value: $215,472 (#8 most expensive city in metro)

Stacker

#4. Winchester, KY

– 1-year price change: +$20,795 (+11.1%)
– 5-year price change: +$72,905 (+54.0%)
– Typical home value: $207,793 (#9 most expensive city in metro)

Stacker

#3. Lexington, KY

– 1-year price change: +$22,088 (+9.0%)
– 5-year price change: +$87,908 (+49.2%)
– Typical home value: $266,575 (#4 most expensive city in metro)

Stacker

#2. Wilmore, KY

– 1-year price change: +$22,280 (+9.8%)
– 5-year price change: +$86,327 (+52.6%)
– Typical home value: $250,295 (#6 most expensive city in metro)

Stacker

#1. Georgetown, KY

– 1-year price change: +$25,056 (+10.0%)
– 5-year price change: +$89,102 (+47.9%)
– Typical home value: $274,997 (#2 most expensive city in metro)

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