Median Home Price
$319,671.67
Median Rent
$1,612.52/mo
Price-to-Rent Ratio
16.5
Property Tax RateTIE
0.86%
Price Change (1Y)BETTER
+4.0%
Price Change (5Y)BETTER
+19.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$78,221
Median Home PriceBETTER
$253,803.8
Median RentBETTER
$1,349.99/mo
Price-to-Rent RatioBETTER
15.7
Property Tax RateTIE
0.86%
Price Change (1Y)
+3.5%
Price Change (5Y)
+17.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$69,884
Key Differences
Home Prices
Lexington's median home price of $319,671.67 is higher than Louisville's $253,803.8 by 26%.
Monthly Rent
Renting in Lexington costs $1,612.52/mo compared to $1,349.99/mo in Louisville—a difference of $262.53/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.