Is Lexington, Kentucky Overpriced? Comparing Home Prices to Nashville & Denver

By Bob Sophiea

Founder and CEO of New Home Collective, established the company in 2014 with a mission to revolutionize the real estate industry.

If you’re wondering whether Lexington’s housing market is overpriced, let’s break down the numbers and compare it to other cities like Nashville and Denver. In this video, we’re looking at home prices, incomes, rent, and cost of living to see if Lexington is truly overpriced or still a hidden gem. Let’s dive into the details.

You can watch the full video above, or feel free to skip to the topics that interest you the most using the timestamps below:

00:00 — Introduction
00:42 — Lexington’s current home prices and median household income
03:00 — Price-to-income ratio in Lexington, Nashville, and Denver
03:30 — Nashville’s current home prices and median household income
04:41 — Denver’s current home prices and median household income
05:30 — Rent comparisons across Lexington, Nashville, and Denver
05:53 — Comparing all of the numbers
07:15 — Is Lexington overpriced in 2026? The verdict.
07:39 — Closing

Key Takeaways:

• Lexington Home Prices: The median home price in Lexington is around $330,000, which is relatively affordable compared to other cities like Nashville and Denver.
• Price-to-Income Ratio: Lexington’s price-to-income ratio is around 4.2, which is considered stable. In comparison, Nashville and Denver have higher ratios, making homes more expensive relative to local incomes.
• Rent Comparisons: Rent in Lexington is lower than in both Nashville and Denver, making it a more affordable option for renters.

So, is Lexington overpriced? Not at all. While it’s more expensive than it used to be, it’s still one of the most affordable cities when compared to Nashville and Denver. The combination of lower home prices, stable income ratios, and a lower cost of living make Lexington a strong option for both buyers and renters in 2026.

If you’re thinking about buying or selling in Lexington, I’d love to help you navigate this market. You can reach me at 859-721-2200 or email me at bob@nhcnow.com. Let’s discuss your goals and how I can help you make the best decision.