Most Expensive Lexington Neighborhoods
Lexington is a large city located in the state of Kentucky. With a population of 310,797 people and 82 constituent neighborhoods, Lexington is the second largest community in Kentucky.
Lexington real estate is some of the most expensive in Kentucky, although Lexington house values don't compare to the most expensive real estate in the U.S.
Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Lexington is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Lexington is a city of professionals, sales and office workers and service providers. There are especially a lot of people living in Lexington who work in office and administrative support (12.74%), sales jobs (10.56%) and management occupations (9.70%).
Also of interest is that Lexington has more people living here who work in computers and math than 95% of the places in the US.
In addition, Lexington is a major college town. As is often the case in college towns, the many students that live in Lexington have a strong influence on the local culture and music scene. In fact, Lexington is one of only a few big cities that are also major college towns. This combination of big city status and thousands of college students gives Lexington, on one hand, a sophisticated style, while on the other also providing lots of diversions and entertainment for students. In fact, Lexington is one of the biggest "college towns" in America. This elevates both the status of the city and the knowledge sector of the local economy, which is sustained by a steady output of new college graduates every spring.
Not only is Lexington a city with many college students, but it also retains many recent graduates who are looking to start new careers, creating a very large population of people who are young, single, educated, and upwardly-mobile. This makes it a good place to live for young singles in their 20s and 30s and who have undergraduate or graduate degrees and are starting their professional careers. Although Lexington is a large city, this demographic is significant enough that young professionals will find many others like themselves here, with really good opportunities for friendships, recreation, romance, and more.
Of the large cities in America, Lexington is one of the most car-oriented. This is reflected in the urban landscape, which features highways, wide streets, parking lots, and shopping centers of all sizes. It is also reflected in the statistics: 82.31% of people in Lexington drive to work in their own car everyday, most often alone. So, if you're going to live in Lexington, you'll need to learn to love driving. Alternative forms of transportation aren't very widely used or supported.
The education level of Lexington ranks among the highest in the nation. Of the 25-and-older adult population in Lexington, 40.24% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in Lexington in 2010 was $29,168, which is wealthy relative to Kentucky, and upper middle income relative to the rest of the US. This equates to an annual income of $116,672 for a family of four. However, Lexington contains both very wealthy and poor people as well.
Lexington is a very ethnically-diverse city. The people who call Lexington home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lexington residents report their race to be White, followed by Black or African-American. Important ancestries of people in Lexington include German, Irish, English, Italian and Scottish.
The most common language spoken in Lexington is English. Some people also speak Spanish.
|NUMBER OF HOMES AND APARTMENTS||124,101|
|LEXINGTON HOME OWNERSHIP|
|% OWNER OCCUPIED||52.50%|
|% RENTER OCCUPIED||47.50%|
|TYPE OF LEXINGTON HOMES|
|SINGLE FAMILY DETACHED||60.47%|
|ROWHOUSES AND ATTACHED HOMES||4.80%|
|SMALL APARTMENT BUILDINGS||8.94%|
|COMPLEXES OR HIGH RISE APARTMENTS||24.70%|
|SIZE OF LEXINGTON HOMES|
|5 OR MORE BEDROOMS||4.10%|
|AGE OF LEXINGTON HOMES|
|NEWER HOMES (2000 OR LATER)||17.95%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||47.77%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||26.62%|
|HISTORIC (1939 OR BEFORE)||7.66%|
|LEXINGTON REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$172,994|
|MEDIAN RENTAL PRICE||$1,175|
|HOME VALUE RANGE|
|$0 - $52,000||3.77%|
|$52,001 - $104,000||11.34%|
|$104,001 - $209,000||47.85%|
|$209,001 - $313,000||19.43%|
|$313,001 - $417,000||9.26%|
|$417,001 - $522,000||2.97%|
|$522,001 - $783,000||3.33%|
|$783,001 - $1,043,000||0.98%|
|PEOPLE OF LEXINGTON||DETAILS|
|UNDER 5 YEARS||6.35%|
|5 TO 17||14.77%|
|18 TO 24||14.34%|
|25 TO 34||16.06%|
|35 TO 54||26.22%|
|55 TO 64||11.22%|
|65 YEARS AND OVER||11.03%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||89.22%|
|MEDIAN HOUSEHOLD INCOME||$48,667|
|PER CAPITA INCOME||$29,168|
|INDIVIDUALS BELOW POVERTY LEVEL||19.31%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (16.26%)
Professional, scientific, and technical services (6.96%)
Public Service (3.71%)
|BLACK OR AFRICAN AMERICAN||14.42%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.32%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.04%|
|SOME OTHER RACE ALONE||2.89%|
|TWO OR MORE RACES||2.80%|
|HISPANIC OR LATINO (OF ANY RACE)||6.84%|
|ETHNICITIES PRESENT||German (14.02%)
|LANGUAGES SPOKEN||English (88.16%)
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