Lexington Homes under $500,000

Welcome to Lexington, Kentucky – a vibrant city steeped in rich history, renowned for its picturesque landscapes and a thriving community spirit. Nestled in the heart of Fayette County, Lexington is often hailed as the Horse Capital of the World, where rolling bluegrass hills and beautiful equestrian farms create a stunning backdrop for life. This charming city is not only famous for its thoroughbred racing but also boasts a lively arts scene, delicious culinary offerings, and a variety of outdoor recreational activities.

For those considering a move to this enchanting city, you'll be pleased to discover that Lexington offers an array of beautiful homes priced under $500,000. Whether you’re a first-time buyer, a growing family, or looking to downsize, you'll find an impressive selection of properties that cater to diverse tastes and lifestyles. From cozy bungalows in friendly neighborhoods to modern townhomes close to the bustling downtown area, there’s something for everyone.

Explore the historic charm of the Old Fayette County Courthouse, indulge in the local flavors at the Lexington Farmers Market, or take a leisurely stroll through one of the many parks that dot the city. With excellent schools, a strong sense of community, and a wealth of amenities, Lexington is an ideal place to call home.

As you embark on your home-buying journey in Lexington, know that you’re not just investing in a property; you’re becoming part of a vibrant community that celebrates its heritage while embracing the future. Discover your dream home in this Kentucky gem today!

Newest Lexington Homes under $500,000

$315,000

3 Beds ⋅ 2 Baths ⋅ 26027415 MLS

This all-brick ranch on a finished walkout basement offers plenty of space in a convenient South Lexington location, walking distance to The Summit at Fritz Farm. Recent improvements include a newer HVAC system, water heater, gutters, and privacy fence. The main level features hardwood flooring throughout and an updated kitchen with granite countertops. The finished walkout basement offers a spacious second living area, two bonus rooms currently used as bedrooms (no egress windows), and an oversized laundry/storage area. Out back, the privacy-fenced yard backs up to green space, with a nearby park and Meadowbrook Golf Course just beyond the property.

325 E Tiverton Way, Lexington

Listing courtesy of Sara Y Bentley of Keller Williams Commonwealth.

$350,000

4 Beds ⋅ 2 Baths ⋅ 26026860 MLS

Welcome to this charming Cape Cod in the desirable Twin Oaks neighborhood! This .25-acre corner lot offers a side-entry driveway and garage access from Nakomi Drive, along with a spacious backyard and large deck that provide plenty of space to enjoy the outdoors. Inside, you'll find a warm and inviting layout with hardwood flooring throughout the living room, dining area, hallway, and both first-floor bedrooms. The spacious living room offers plenty of room to gather, while the dining area provides easy access to the backyard deck. The kitchen features brand-new luxury vinyl plank flooring for a fresh, updated look. The partially finished basement adds flexible space for entertaining, hobbies, or a recreation area and includes a shiplap accent wall. Most windows have been replaced, and thoughtful updates have been made throughout the owners' time in the home. Conveniently located near the University of Kentucky, major hospitals, shopping, restaurants, and other Lexington amenities, this home offers a great combination of character, space, updates, and location. Schedule your showing today!

2909 Clays Mill Rd, Lexington

Listing courtesy of Rana Thompson of SimpliHOM.

$325,000

3 Beds ⋅ 2 Baths ⋅ 26027364 MLS

This stylish 3BR/2BA home has been carefully updated throughout and offers a unique floor plan made for lasting memories. Strong curb appeal draws you in, and the handsome details inside will make you want to stay. Luxury vinyl plank flooring flows from the living room into the open kitchen, which features white cabinetry, updated stainless steel appliances, a farmhouse sink, and a breakfast bar. The kitchen opens to a large dining area and a cozy octagonal den with plush carpet, overlooking the backyard. Tucked away on the opposite side of the home are three bedrooms and two full baths, including a primary suite with a private bath. All bedrooms feature luxury vinyl plank flooring and fresh neutral paint. Outside, a spacious side deck and patio overlook a private, park-like yard with mature trees, established landscaping, and privacy fencing. It's a peaceful retreat in the heart of convenient Gainesway, just minutes from the University of Kentucky, downtown Lexington, Kroger Field, and The Arboretum.

3475 Greentree Rd, Lexington

Listing courtesy of Robin S Jones of Keller Williams Legacy Group.

$360,000

2 Beds ⋅ 2 Baths ⋅ 26027351 MLS

Improved price! Great opportunity to secure a turn-key condo in a highly sought-after Lexington neighborhood.This 2 bedroom 2 bath condo offers modern architectural bones with it's 11ft metal deck ceilings, open layout, ample bedroom sizes, and beautiful, sweeping natural light through the floor to ceiling window that frames the unit. This condo is perfect for those seeking a sophisticated primary residence or a refined, lock-and-leave lifestyle, the property features easy access to the rooftop patio, steps away from the elevator to the parking garage where you will have one numbered space and a parking sticker for a second vehicle on adjacent parking lot. Rest easy knowing that there is on-site management, a room designated for package delivery (no missed deliveries), and a fully equipped fitness center. Enjoy the absolute best of downtown Lexington living with numerous dining spots, parks, and shopping just outside your door.

350 E Short St Unit 211, Lexington

Listing courtesy of Sara M Morken of Bluegrass Sotheby's International Realty.

$350,000

3 Beds ⋅ 3 Baths ⋅ 26027345 MLS

3 bedroom 2 1/2 bath in the desirable Clemens Heights neighborhood. New 15 x 15 deck in 2025. Hvac 2020. Windows replaced in 1999.

4368 Clemens Dr, Lexington

Listing courtesy of Susan Kennedy of Bluegrass Sotheby's International Realty.

$325,000

3 Beds ⋅ 3 Baths ⋅ 26027324 MLS

This charming brick and wood siding ranch home on a finished basement can be yours! Situated on a quiet, dead-end street in desirable East Lake Subdivision. The first level includes a living room with a large bay window, eat-in kitchen with full array of appliances and pantry, master bedroom with adjoining full bath, two additional bedrooms and a second full bath. Lower level has a cozy family room to include a brick fireplace with gas logs (propane). Lower level also includes a bonus room, with a closet, that can be used as a bedroom, work-out room or storage, a full bath with new shower insert, and a separate utility room to include washer and dryer. The 2-car basement garage is over-sized (627 Sq Ft)and contains built-in shelving for storage and a work bench. Recent improvements are the roof (2021), HVAC (2023), and newer carpet on the stairs and basement. Conveniently located just minutes to New Circle Rd, Jacobson Park and I-75.

3236 Hunters Point Dr, Lexington

Listing courtesy of Vicki J VanWinkle of ERA Select Real Estate.

$220,000

2 Beds ⋅ 3 Baths ⋅ 26027286 MLS

Welcome home to low-stress living just minutes from downtown. This two-bedroom, two-and-a-half-bath condo offers the perfect lock-and-leave lifestyle, with fresh paint throughout and brand new flooring on the main level, already done for you. All bedrooms are privately situated upstairs, giving you a clear separation between living and resting space. Did we mention is it has ample bonus great creating or any hobbies you might have. And you'll love the multiple sliding doors front and back, bringing in great natural light and easy indoor-outdoor flow. Enjoy maintenance-free living in a super convenient location close to downtown energy, but without the noise and hassles. This is easy living, done right. Buyer to verify all aspects of the sale.

750 Shaker Dr Unit 207, Lexington

Listing courtesy of Danielle Despard of In House Real Estate.

$360,000

3 Beds ⋅ 3 Baths ⋅ 26027279 MLS

A spacious layout, inviting covered front porch and expansive fenced backyard make this 3-bedroom, 2.5-bath home stand out! Conveniently located approximately 10 minutes from downtown Lexington and 15 minutes from downtown Georgetown, this home puts dining, shopping and entertainment in both cities within easy reach. The main level features a bright, generously sized open living room. The eat-in kitchen offering light cabinetry, stainless steel appliances, subway tile backsplash, granite countertops, an island and plenty of cabinet and counter space. Upstairs, a versatile loft provides additional space for a home office, playroom or second living area. The oversized primary suite features a walk-in closet and private bath with a double vanity, soaking tub and separate shower. Two additional bedrooms complete the upstairs living spaces. Outside, a new roof, plus the large patio and fully fenced backyard offer plenty of room for entertaining, gardening or simply enjoying the outdoors. An attached two-car garage adds everyday convenience. Enjoy room to spread out, inside and out, with a location that keeps you connected to both Lexington and Georgetown!

968 Applecross Dr, Lexington

Listing courtesy of Cheri Shaffer of Lifstyl Real Estate.

$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.

$279,900

3 Beds ⋅ 2 Baths ⋅ 26026642 MLS

"SOLVE THE INTEREST RATE PROBLEM". Seller is offering a PAID 2-1 INTEREST RATE BUYDOWN with accepted FULL-PRICE OFFER! Example: IF the buyer's 30-yr fixed note rate is 7%, the rate could be-5% Year 1, 6% Year 2, and 7% thereafter. BuyDown subject to lender approval/terms. MOVE-IN READY! BEAUTIFULLY RENOVATED-3-brm/2-full bath -OPEN FLOOR PLAN-2-STORY FOYER, 1-car garage and 3-car driveway parking- Get ready to be impressed by this beautifully renovated two-story home, where abundant natural light, an inviting open floor plan, woodburning fireplace custom design with dental molding all the thoughtfully selected updates come together to create a home that feels fresh, welcoming, and ready to enjoy! Featuring 3-bedrooms and 2-full bathrooms, this home has been refreshed with today's lifestyle in mind. Step inside through the impressive 2-story foyer and experience an open-concept design that creates an effortless flow between the main living, dining, and kitchen areas, ideal for everyday living as well as entertaining family and friends. Mostly hardwood flooring adds warmth and character throughout, while generous natural light enhances the home's bright and inviting atmosphere. The sellers' thoughtful investment in this property is evident throughout, with numerous upgrades and carefully selected improvements incorporated during the renovation. The attention to detail extends well beyond what can be captured in photos or a brief description. The generosity of the sellers is demonstrated with upgrade choices throughout the home with the multiple upgrades during renovation like the modern bathroom mirror with touch lighting and defogging selection, 2- Modern Blade hideaway ceiling fans, chandeliers and more. See the complete list of renovations and improvements. With the work already completed, you can skip the renovation projects and simply move in, settle in, and make it your own. Offering a wonderful combination of style, comfort, functionality, and thoughtful updates, this turn-key home is ready for its next chapter. This is one you'll want to experience in person, be ready to fall in love when you walk through the door! Buyer to verify schools, taxes, square footage, lot size, and all information deemed important to Buyer.

2812 Kasey Ct, Lexington

Listing courtesy of Janet L Jones of RE/MAX Elite Lexington.

$352,500

2 Beds ⋅ 2 Baths ⋅ 26027223 MLS

Enjoy effortless one-level living in this beautifully situated seventh-floor condominium at Hanover Towers, overlooking the treetops of coveted Ashland Park. This spacious two-bedroom, two-bath residence features an open floor plan filled with natural light and lovely elevated views. With elevator access and everything conveniently located on one level, this home offers the perfect combination of comfort and ease. The open living and dining areas provide wonderful space for entertaining or simply relaxing above the canopy of one of Lexington's most treasured neighborhoods. Residents of Hanover Towers also enjoy access to a rooftop patio with sweeping views of downtown Lexington—an ideal spot to gather with friends, enjoy an evening cocktail, or take in the city skyline. Step outside and enjoy the charm and convenience of Ashland Park and Chevy Chase, with favorite restaurants, shopping, coffee shops, entertainment, and neighborhood amenities just moments away. Enjoy low-maintenance condominium living, beautiful views, and one of Lexington's most desirable in-town locations.

101 S Hanover Ave Unit 7B, Lexington

Listing courtesy of Becky Reinhold of Bluegrass Sotheby's International Realty.

$315,000

3 Beds ⋅ 2 Baths ⋅ 26027084 MLS

Well-maintained all-brick ranch home awaits! Enjoy easy single-floor living with smart functionality throughout. The open eat-in kitchen overlooks the family room, featuring a masonry brick fireplace and access to the covered 34' x 16' patio—perfect for relaxing or entertaining. A spacious living room with wonderful natural light and a formal dining room that is currently used as an office/den, provide additional flexibility. The LR/den's stunning built-in shelving is ideal for displaying books, treasured collections or favorite décor. The primary suite offers a private bath, while two additional bedrooms and baths provide plenty of space your needs or guests. While you may want to add your own personal touches, you'll appreciate the peace of mind that comes with many important updates already completed, including a roof and HVAC replaced within the past 4-5 years, plus replacement windows and newer sliding glass doors in place. The large side-entry two-car garage is generously sized and features replaced door. An attached rear storage shed, approximately 16' x 6.5', provides excellent additional storage. A well-cared-for home with the big-ticket items already addressed—ready for you to make it your own!

3336 Carriage Ln, Lexington

Listing courtesy of Laura Hayden of Rector Hayden Realtors.

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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.