Traci Scott![]() | Serving central and southeastern KY for 18yrs. Residential, Commercial, Land and Farms. |
Traci has 1 active or recent property listings for $299,900 with the most recent sale on 2024-05-15 for $320,500. | |
Serving the areas of Gray Hawk, Barbourville, McKee, Lancaster, Irvine, Clay City, Fall Rock, Renfro Valley, Waco & Ravenna | |
Jayne Polivchak![]() | |
Jayne has 1 active or recent property listings for $900,000 with the most recent sale on 2024-04-09 for $321,000. | |
Serving the areas of Waco, Flat Lick, Stanton, Bimble, Ravenna, Garrard, Cannon, Tyner, Bighill & McKee |
Lexington, Kentucky can be a good place to invest in real estate as it has a strong economy, a stable housing market, and a growing population. However, like any other investment, there are pros and cons associated with buying property in Lexington, Kentucky. Here are some advantages and disadvantages you should consider:
Advantages:
1. Stable and Growing Housing Market: Lexington's real estate market has been fairly stable over the past few years, and has been growing gradually.
2. Strong Rental Market: With its large student population and growing number of professionals, Lexington has a strong rental market, which makes investing in rental properties a good choice.
3. Good Location: Lexington is located in the heart of Kentucky, which makes it a popular hub for business and tourism.
4. Affordable Investment: Compared to some of the other cities in the US, Lexington's property prices are relatively affordable.
Disadvantages:
1. Slow Appreciation Rates: The appreciation rates of Lexington properties have been slow compared to other areas, which means that investors may not see their property values increase as quickly as they would like.
2. Seasonal Weather: The weather in Lexington can be very unpredictable and there are times when it can be quite cold and snowy, which can affect the desirability of the location for some people.
3. Limited Job Opportunities: Although the economy in Lexington is generally stable, there are relatively limited job opportunities compared to some other larger cities, which can make it difficult to attract new tenants or buyers.
4. High Property Taxes: Lexington has some of the highest property taxes in the country, which can be a significant expense for investors.
It is important to weigh both the advantages and disadvantages of investing in any location, and to conduct careful research before making any investment decision.