Kentucky is called by many a lovely and endearing place to live; however, if you’re considering purchasing or selling real estate in Kentucky, you need to consider more than its charm. Since real estate is an investment, it is important to consider several of the key areas of Kentucky and how much the real estate there is currently being sold and purchased for.
• Jeffersontown. The real estate opportunities here are diverse, ranging from traditional houses to condominiums and townhouses or estate properties. The condos and townhouses start at about $100,000 for two bedroom models and can range up to about $300,000. Single-family homes start at about $100,000 and rise, while estate properties can reach up to $1 million. Jeffersontown also features plenty of land lots for custom development of the real estate.
• Louisville. The prices for real estate in eastern Louisville are similar to those in Jeffersontown, though the condo/townhouse market is fairly small. Single-family homes start at about $150,000 and rise to over $1 million for high-end golf course homes. Family homes range between $200,000 and $500,000. All of these options provide convenient access to the major roadways and the city.
• Covington. Located across the Ohio River from Cincinnati, OH, Covington is a great real estate option. It has a variety of real estate properties; however, the single-family homes are the most prevalent. They range from $100,000 to $300,000.
• Lexington. If you’re looking for a single-family home with something like three bedrooms and two baths, you can probably obtain one in Lexington for about $128,000. Larger homes with estates and/or farm properties usually begin at about $200,000 and go up unto the millions.