Lexington Homes under $200,000

Welcome to Lexington, Kentucky – a vibrant city known for its rich history, stunning landscapes, and a thriving community spirit. Nestled in the heart of Fayette County, Lexington offers a delightful blend of urban excitement and small-town charm. Often referred to as the "Horse Capital of the World," this city boasts picturesque horse farms, lush bluegrass landscapes, and a deep-rooted equestrian culture. With an array of parks, cultural attractions, and a bustling downtown, Lexington is a place where you can truly feel at home.

For those seeking affordable housing options, Lexington has a variety of homes available for under $200,000. Whether you're a first-time homebuyer, looking to downsize, or simply seeking a budget-friendly investment, this city has something for everyone. From cozy bungalows to charming townhouses, these homes offer not only affordability but also the chance to become part of a welcoming community.

Imagine sipping your morning coffee on a quaint porch, exploring the nearby parks, or enjoying the local dining scene – all while knowing you’ve made a smart investment in a city that continues to grow and thrive. With a strong sense of community, excellent schools, and a vibrant arts scene, Lexington is the perfect place to start your next chapter.

Explore the possibilities and discover your dream home in Lexington today, where affordability meets opportunity in a city full of charm and character!

Newest Lexington Homes under $200,000

$160,000

2 Beds ⋅ 2 Baths ⋅ 26027265 MLS

Come see this beautifully updated Lexington townhome offering a convenient location and an inviting, functional layout. Just minutes from Jacobson Park, Raven Run Nature Sanctuary, Hamburg shopping, dining, and more, this home puts everyday amenities and outdoor recreation close at hand. Inside, you'll find a bright, open main level featuring a spacious family room, well-appointed kitchen, first-floor half bath, and convenient laundry room. Upstairs offers two generously sized bedrooms and a full bath, providing comfortable living space with a practical floor plan. New privacy fence added as well with a cute outdoor area! Whether you're looking for a primary residence or an investment opportunity, this well-maintained townhome offers versatility, convenience, and easy access to all that Lexington has to offer. Schedule your showing today!

2537 Lindenhurst Loop, Lexington

Listing courtesy of Autumn Johannes of National Real Estate.

$159,999

2 Beds ⋅ 2 Baths ⋅ 26027190 MLS

More photos to come. Spacious 2-bedroom, 2-bathroom condo in Lexington's highly desirable Bainbridge subdivision! While unit is in very good condition, selling As-Is, including most all of the furniture and other contents. The inviting living room features tall ceilings that create an open atmosphere, connecting to a private outdoor deck through large sliding doors—perfect for relaxing. This second-floor unit offers a functional layout and is perfect for investors looking for a strong rental opportunity, students needing close proximity to campus, or anyone seeking affordable, low-maintenance living. Conveniently located just minutes from Hamburg Pavilion shopping, Richmond Road dining, and quick I-75 access, this property offers incredible convenience in Northeast Fayette County. Schedule your private viewing today to explore the potential of this great space!

404 Bainbridge Ct Unit 4D, Lexington

Listing courtesy of Denise Patrick of RE/MAX Creative Realty.

$189,900

2 Beds ⋅ 2 Baths ⋅ 26026548 MLS

Welcome to Harrdosburg Square! A conveniently located condominium community just off Harrodsburg Rd near hospitals, shopping, UK, Transylvania University, Gatton Park, Rupp Arena, Red Mile and only a mile from Downtown Lexington. This two-bedroom, two-bathroom condo is located on the first floor and offers a nice private patio area. This property offers a nice floorplan with a sizable living space, a gallery kitchen with a full complement of appliances and a laundry area next to the kitchen that includes a washer/dryer combo unit. Additional features include a nice storage area off the patio, HOA fees cover electricity, water, snow removal, trash, clubhouse access, pool access and exterior maintenance. The clubhouse has a nice gathering area, lounge space, game areas and direct access to the pool. Schedule your showing today before this condo is gone!! **T.V./mount convey and all curtains convey with the property.**

750 Shaker Dr Unit 507, Lexington

Listing courtesy of Colby W Davis of ERA Select Real Estate.

$199,000

2 Beds ⋅ 2 Baths ⋅ 26026504 MLS

Spacious two bedroom townhouse featuring generously sized rooms, a 1 car garage, and a large deck perfect for relaxing or entertaining. Conveniently located close to shopping, dining and everyday amenities. This townhouse offers comfort, convenience, and much much more.

3633 Squires Woods Way, Lexington

Listing courtesy of Amanda J Stewart of Stewart & Co Realty LLC.

$180,000

1 Beds ⋅ 1 Baths ⋅ 26026363 MLS

LOCATION, LOCATION!! Right across the street from the UK Medical Center & one block from UK Law School, minutes from UK Campus. A great opportunity for investors, students, or anyone looking for a prime location with access to shopping, restaurants, coffee shops, etc. Parking permit pass for one space! Call today to schedule your showing. Condo is on 2nd floor.

155 Virginia Ave Unit 201, Lexington

Listing courtesy of Gail Popovitz of Rector Hayden Realtors.

$179,500

3 Beds ⋅ 3 Baths ⋅ 26026335 MLS

Rare Find in Gainesway! This spacious 3-bedroom, 2.5-bath townhome offers comfortable, low-maintenance living in Lexington's established Gainesway neighborhood. Well cared for and move-in ready, the home features an HVAC system and water heater both approximately six years old, along with newer French doors at the back of the home that add both style and functionality. The townhome includes two dedicated parking spaces, and the HOA covers lawn care, snow removal, access to the pool, and clubhouse. Even better, the pool is just steps from the back door, making it incredibly convenient to enjoy during the warmer months. With three bedrooms, two full baths plus a half bath, updated mechanicals, newer French doors, community amenities, and a great location within Gainesway, this townhome is a rare opportunity. **Schedule your showing today!**

3486 Sutherland Dr, Lexington

Listing courtesy of Carlos Elliott of Tru Life Real Estate.

$200,000

3 Beds ⋅ 2 Baths ⋅ 26025896 MLS

This charming 3-bedroom, 1.5-bath ranch features a spacious kitchen, separate dining room, and a full walkout basement. Outside, enjoy a large, fully fenced backyard complete with a patio and fireplace, perfect for outdoor living and entertaining.

501 Kildare Ct, Lexington

Listing courtesy of Jonathan Noel of Noel Auctioneers and Real Estate Advisors.

$200,000

2 Beds ⋅ 1 Baths ⋅ 26025893 MLS

ABSOLUTE AUCTION — SELLS TO THE HIGHEST BIDDER REGARDLESS OF PRICE! Offered at Live On-Site Absolute Auction with Simulcast Internet Bidding. Auction is on Monday, October 12, 2026 @ 12:00 PM (EST). Property sells AS-IS, WHERE-IS with no contingencies. Buyers premium will be added to the final bid price and non-refundable earnest money required. Auction will be held at The Campbell House Inn located at 1375 S Broadway, Lexington KY 40504. Two-bedroom, one-bathroom home features a layout designed for easy, comfortable living. Off the back of the house, a bright sunroom offers a peaceful spot to relax while enjoying views of the fully fenced backyard, ideal for outdoor gatherings, pets, or gardening. The property is complete with a convenient one-car detached garage that provides secure parking and extra storage space.

412 Sandalwood Dr, Lexington

Listing courtesy of Jonathan Noel of Noel Auctioneers and Real Estate Advisors.

$99,900

2 Beds ⋅ 1 Baths ⋅ 26025850 MLS

Great price for Investment Opportunity to with immediate cash flow. Home has newer Furnace and Water Heater. Nice sized fenced yard and off street parking. Home needs a little TLC for rental or do remodel and get instant return.

372 Roosevelt Blvd, Lexington

Listing courtesy of Carol A Randolph of Aloha Bluegrass Realty & Auction.

$125,000

3 Beds ⋅ 1 Baths ⋅ 26025797 MLS

Welcome to this charming 3 bed, 1 bath home at 186 Eddie Street featuring new flooring, new lighting, new kitchen appliances, and refreshed bathroom fixtures. Move-in ready with modern style and ideal as a starter home or investment rental property. Enjoy a fully fenced yard with a charming front porch for relaxation. Located just minutes from downtown Lexington that is rich with fine restaurants, entertainment, parks, and shopping. Don't miss this opportunity to own an affordable downtown property!

186 Eddie St, Lexington

Listing courtesy of Michael McAbee of Heart of KY Real Estate.

$179,900

2 Beds ⋅ 2 Baths ⋅ 26025607 MLS

Located inside New Circle Road, this spacious condo couldn't be more convenient: Walk to the Lansdowne Shoppes. Take a short car ride to The University of Kentucky and major hospitals. Brand New HVAC. Freshly painted, and most of the flooring is new, too. All appliances stay, including washer, dryer, refrigerator, dishwasher, range, microwave and disposal. Comfortable and easy entry to this condo without any steps. Parking lot and Condo door are on the same level. Condo is all on one level, too. This was originally designed as a 3 bedroom, but the large space was rearranged into two bedrooms. This makes one of the bedrooms exceptionally roomy, with a huge walk-in closet. Covered deck in back.

857 Malabu Dr Unit 2101, Lexington

Listing courtesy of Shannon Biller of Biller Homes.

$167,900

3 Beds ⋅ 1 Baths ⋅ 26025132 MLS

Great investment opportunity! This 3-bedroom, 1-bath ranch-style home offers plenty of potential for an investor, rental property, or buyer looking for a project. The home features a convenient single-level layout and a welcoming front exterior. The property is being sold as-is, providing an opportunity to renovate, update, and add value.

612 N, Lexington

Listing courtesy of Nicole Seals of Guide Realty, Inc..

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Listings courtesy of Spartanburg Association of Realtors as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.