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Fayette County, KY

RANK #334 / 996  ·  POP 321,276  ·  KY

PROJECTED GROWTH: +1.4%

Fayette County combines solid growth with real affordability — a rare combination.

[01] Why Fayette County?

Fayette County, Kentucky, is defined by its deep connection to the equine industry and its unique landscape, the Bluegrass Region. Lexington, the county seat, is known as the "Horse Capital of the World" and is home to landmarks like the Kentucky Horse Park and Keeneland Race Course. Located in central Kentucky, roughly 80 miles southeast of Louisville, the county offers a blend of urban amenities and scenic rural areas with rolling hills and horse farms. Commutes within Lexington average around 20 minutes, shorter than the national average, with public transportation options including buses, ride-sharing, and a growing network of bike lanes. Outdoor recreation is available at places like Raven Run Nature Sanctuary, offering miles of trails and views of the Kentucky River Palisades.

Life in Fayette County balances a sense of community with access to resources. The Fayette County Public Schools district is highly rated and serves over 40,000 students. The economy is diverse, with major sectors including healthcare, education, and professional services. Recent economic developments show continued growth, with investments flowing into manufacturing and other sectors. The area attracts families, young professionals, and retirees seeking a lifestyle that combines affordability with community amenities.

[02] Market Snapshot

Housing Ratio
3.5x

Undervalued relative to economy

GDP Growth
+1.8%

Below national median

Home Prices
+3.1%

Outpacing national median

Climate & Terrain
-2.4

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks undervalued at 3.5x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Fayette County U.S. National

The Numbers

DEMOGRAPHICS
Population
321,276
-0.02% YoY
Median Household Income
$66,087
Median Home Value
$247,900
+3.13% 12mo
Median Rent
$1,065
Average Annual Pay
$64,489
+3.1% YoY
Employment
204,412
+1.4% YoY
Income-to-Home-Value
0.2666
More affordable than average
Migration Inflow
4.38%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$350,000
Days on Market
60
Slower market
Months of Supply
2.4
Seller's market
Sale-to-List Ratio
98.0%
Negotiation room for buyers
Sold Above List
11.9%
Listings w/ Price Drops
20.1%
Building Permits (2024)
1,036
Single-Family Permits
492

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$5,265M
TOTAL
PROJECT AMOUNT STATUS
AWS Data Center Campus
Amazon Web Services (AWS)
$5,000M Planned
Cooperative Solar Farm Two - Fayette
East Kentucky Power Cooperative (EKPC)
$135M Proposed
Fayette Agrivoltaics Project
Silicon Ranch
$80M Proposed
Urban Growth Master Plan Expansion Areas
Lexington-Fayette Urban County Government
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.8% 30 percentile
Population Growth -0.0% 29 percentile
Income Growth +7.4% 24 percentile
Vacancy Rate 1.2% 39 percentile
Home Price Change +3.1% 73 percentile
Rent Growth +5.1% 80 percentile
Price/Rent 14x 45 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Fayette County, KY a good place to move to?

Fayette County has a Boom Town Index score of 66/100, ranking #334 among 996 U.S. counties. With job growth at +1.4% and a median household income of $66,087, it's an above-average county on economic indicators.

Is Fayette County affordable?

The median home value in Fayette County is $247,900 with median rent at $1,065/month. The income-to-home-value ratio is 0.2666, which is more affordable than the national average.

Is Fayette County growing or shrinking?

Population growth: -0.0% year-over-year. Job growth: +1.4%. Home values changed +3.1% in the past 12 months.

Are people moving to Fayette County?

Yes — 4.38% of Fayette County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Monroe County, NY 76 Rock Island County, IL 76 Orange County, NY 76 Athens County, OH 76 Atlantic County, NJ 76 Roanoke County, VA 76 Cook County, IL 76 Grand Traverse County, MI 76