APRIL2019 Lexington Metro · 2020. 4. 23. · APRIL2019 Lexington Metro National Rents Current: $1,477 Monthly Change: 0.2% Annual Change: 2.6% Lexington Metro Rents Current: $1,204

www.zillow.com/research/

APRIL2019 Lexington Metro

National Rents

Current: $1,477Monthly Change: 0.2%Annual Change: 2.6%

Lexington Metro Rents

Current: $1,204Monthly Change: 0.2%Annual Change: 2%

Breakeven Horizon1.9 years

Major Cities - Rents

LexingtonCurrent: $1,242Monthly Change: 0.2%Annual Change: 2.6%Breakeven Horizon: 1.9 years

GeorgetownCurrent: $1,245Monthly Change: -0.2%Annual Change: -6%Breakeven Horizon: 2 years

NicholasvilleCurrent: $1,142Monthly Change: 0.4%Annual Change: 1.5%Breakeven Horizon: 2 years

WinchesterCurrent: $1,048Monthly Change: -0.4%Annual Change: 2.8%Breakeven Horizon: 1.7 years

VersaillesCurrent: $1,248Monthly Change: 0.2%Annual Change: -4%Breakeven Horizon: –

Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community

City ZRI Year-over-Year-6.0% -5.9% - -4.0% -3.9% - -2.0% -1.9% - -1.3% 1.5% 1.6% - 2.4% 2.5% - 2.6% 2.7% - 2.8%

Metro Cities: Top/Bottom by Annual Rent AppreciationTop:Winchester 2.8%

Lexington 2.6%

Wilmore 2.4%

Nicholasville 1.5%

Stamping Ground -1.3%

Bottom:Georgetown -6%

Versailles -4%

Sadieville -2%

Paris -1.4%

Stamping Ground -1.3%

Metro Neighborhoods: Top/Bottom by Annual Rent AppreciationTop:Cardinal Hill-Pine M 8%

Virginia Ave 5.9%

Kenawood-Rockwood-Hi 5.1%

Holiday Hills 4.4%

Idle Hour 3.4%

Bottom:Reservorir -2.4%

Central Downtown -0.1%

Crestwood-Hinda Heig 0.6%

Southland-Deerfield- 0.8%

Indian Hills-Stonewa 0.9%

How do we measure rents? To track rents, we use the Zillow Rent Index (ZRI). The

ZRI is the midpoint of estimated rents in a given region. Half the estimated rental prices

are above this number and half are below.

What is the Breakeven Horizon? The Breakeven Horizon in the number of years you

must live in a home before owning the same home becomes more financially advantageous

than renting the home. For example, if ’City X’ had a Breakeven Horizon of 5.5 years,

it is financially better for you to rent in ’City X’ unless you plan on living there for more

than 5.5 years.

APRIL2019

*Top cities and neighborhoods by size within the metro are listed. Additional counties, cities, neighborhoods and zip codes may be available online at

www.zillow.com/research/data or by emailing [email protected]

Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.

www.zillow.com/research/

Largest Cities Covered by Zillow

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Georgetown 2 1,245 -6 1,200 0.8Lexington 1.9 1,242 2.6 1,280 0.8Nicholasville 2 1,142 1.5 0.7Paris 1.5 1,021 -1.4 0.7Sadieville 2 1,117 -2 0.8Stamping Ground 2.1 1,192 -1.3 0.8Versailles 1,248 -4 0.7Wilmore 2 1,154 2.4 0.8Winchester 1.7 1,048 2.8 0.7

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Loon Lake 3 1,457 4.7 1.4Mead 3.1 1,554 4.2 1Medical Lake 2.3 1,398 5.5 0.9Millwood 2.4 1,253 1 1.1Newman Lake 3 1,528 8.4 1Newport 1,379 2 1Nine Mile Falls 3 1,585 5.9 1Otis Orchards-EastFarms

3 1,513 8.4 1

Spokane 2.3 1,258 5.1 1,350 1Spokane Valley 2.6 1,355 4.7 1,320 1Springdale 1,250 4.2 1Valley 1.6 1,241 4.7 1.1Valleyford 3.3 1,857 2.9 1

Largest Neighborhoods Covered by Zillow

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Blueberry Hill 1,074 1.9 0.8Blueberry Hill 1.7Brookhaven 2.1 1,538 1.5 0.9Cardinal Hill 1.5 1,128 8 0.9Central Downtown 1,297 -0.1 1Chevy Chase 2.6 2,480 2.7 1.1Duncan Park 887 2.5 0.8Fairway 1.9 1,229 1.5 0.9Gardenside 1.9 1,184 2 0.8Indian Hills 1,376 0.9 0.7

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Indian Hills 2.1Kenawood 1,048 5.1 0.8Kenawood 1.5Marriott’s Griffin G 918 1 0.8Mount Vernon 1,479 2.4 1.1Mount Vernon 2.3Reservorir 2.2 1,943 -2.4 0.8Southeastern Hills 1.8 1,151 1.1 0.7Southland 1.9 1,208 0.8 1,370 0.9Virginia Ave 1.5 1,107 5.9 1