The story of this market
The typical home in Nicholasville, Kentucky sells for about $330,000, or $148 per square foot.
Prices are up +32% from a year ago, so sellers still have some momentum. Homes take about 63 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,484 a month.
Monthly price momentum
Home values since 2015
+4.3%
KY · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Nicholasville, Kentucky
Nicholasville's housing market is experiencing a period of price appreciation, with a median sale price of $330,000 reflecting strong demand relative to inventory. The city's growth as a commuter hub for Lexington continues to drive residential interest, though limited recent sales volume suggests a tight market. Overall, the city remains an affordable alternative to the larger Lexington metro area.
No ARED county foreclosure postings attributed to Nicholasville yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 5.5% year over year.
Homes spend a median of 39 days on market with 0.2 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 2.55% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 13.1% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A landmark listed on the National Register of Historic Places that reflects the city's early history.
Provides various green spaces and recreational facilities for residents, supporting local quality of life.
Nicholasville is well-suited for families and commuters who work in the Lexington-Fayette metro area, offering a more affordable cost of living while maintaining proximity to major employment centers.
The city is served by the Jessamine County School District, which provides a range of public educational options for the local population.
The city is positioned approximately 6 miles south of Fayette County, serving as a primary transit corridor for commuters traveling between Nicholasville and Lexington.
The city offers a variety of local parks and community facilities, serving as a residential hub with access to regional amenities in nearby Lexington.
The rental market is characterized by a median rent of $1,484 per month, with a rental vacancy rate of approximately 4.9% as of the most recent census data.
The local economy is driven by its role as a logistics and commuter hub, with a significant portion of the workforce commuting to the nearby Lexington-Fayette metro area.
Nicholasville has experienced rapid population growth since the late 20th century, serving as a key logistics and commuter hub between Lexington and surrounding rural counties.
The city is served by the Jessamine County School District, which manages public education for the municipality.
The area is rated as having a very low overall natural-hazard risk, with primary concerns being strong wind, lightning, and tornadoes.
The area maintains a very low natural-hazard risk profile, which generally supports stable insurance market conditions.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kentucky) — Kentucky Ad Valorem Property Tax: Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau QuickFacts and Census Reporter profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.