Market Snapshot
| Indicator | Value |
|---|---|
| Population | 126,967 ↓ 1.4% since 2020 |
| Median Household Income | $56,093 25% below national median |
| Median Home Value | $126,900 |
| Unemployment Rate | 6.7% |
| Median Age | 45.4 years |
| Housing Vacancy Rate | 11.4% |
| Median Price/Acre (All Land) | $266,667 |
| Total Recent Sales | 159 transactions |
| Active Listings | 38 properties |
| Avg Days on Market | 543 days |
Rural Land Market (1+ Acres)
| Metric | Value |
|---|---|
| Median Price/Acre | $40,251 |
| Recent Sales | 72 transactions |
| Avg Days on Market | 570 days |
| Avg Parcel Size | 21.90 acres |
| Active Listings | 29 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Jan 2026 | 5.00 | $325,000 | $65,000 | Georgetown |
| Jan 2026 | 5.00 | $325,000 | $65,000 | Georgetown |
| Jan 2026 | 15.00 | $475,000 | $31,667 | Lexington |
| Jan 2026 | 10.49 | $490,000 | $46,720 | Lexington |
| Dec 2025 | 1.17 | $415,018 | $354,716 | Lexington |
| Dec 2025 | 53.46 | $750,000 | $14,029 | Lexington |
| Dec 2025 | 10.40 | $235,000 | $22,596 | Lexington |
| Nov 2025 | 1.11 | $210,000 | $189,428 | Lexington |
| Nov 2025 | 10.80 | $312,000 | $28,889 | Lexington |
| Nov 2025 | 30.30 | $1,000,000 | $33,003 | Lexington |
Suburban/Urban Land Market (Under 1 Acre)
| Metric | Value |
|---|---|
| Median Price/Acre | $527,387 |
| Recent Sales | 87 transactions |
| Avg Days on Market | 522 days |
| Avg Parcel Size | 0.30 acres |
| Active Listings | 9 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 0.42 | $550,000 | $1,309,524 | Lexington |
| Feb 2026 | 0.09 | $22,825 | $256,461 | Lexington |
| Feb 2026 | 0.13 | $190,000 | $1,436,130 | Lexington |
| Jan 2026 | 0.21 | $75,000 | $363,020 | Lexington |
| Jan 2026 | 0.04 | $39,000 | $886,364 | Lexington |
| Dec 2025 | 0.26 | $11,000 | $42,586 | Lexington |
| Dec 2025 | 0.48 | $50,000 | $103,950 | Lexington |
| Nov 2025 | 0.67 | $285,000 | $423,792 | Lexington |
| Oct 2025 | 0.50 | $450,000 | $897,129 | Lexington |
| Sep 2025 | 0.10 | $29,500 | $286,408 | Lexington |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 321,122 |
| Population (2020) | 322,570 |
| Population Growth | -0.45% |
| Median Household Income | $67,631 |
| Median Home Value | $272,100 |
| Total Housing Units | 147,720 |
| Vacant Housing Units | 9,917 |
| Housing Vacancy Rate | 6.7% |
| Median Age | 35.2 |
| Bachelor's Degree or Higher | 55,502 (17.3%) |
| Unemployment Rate | 6.7% |
Market Overview
Fayette County, Kentucky has a population of 321,122, which has declined 0.45% since 2020. The median household income is $67,631, below the national median of $74,580 by 9.3%. The housing vacancy rate of 6.7% suggests tight market conditions. As part of Kentucky, Fayette County benefits from the state's growing interest in vacant land investment. Recent rural land sales show a median price of $40,251 per acre, with properties averaging 21.90 acres. There are currently 38 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Fayette County, Kentucky?
As of the 2023 American Community Survey, Fayette County has a population of 321,122. The county has declined 0.45% since the 2020 Census.
What is the median household income in Fayette County?
The median household income in Fayette County is $67,631, which is 9.3% below the national median of $74,580.
Is Fayette County growing or shrinking?
Fayette County is shrinking. The population has declined 0.45% since 2020.
What is the housing market like in Fayette County?
The median home value in Fayette County is $272,100. The housing vacancy rate is 6.7%, which suggests tight market conditions. The unemployment rate is 6.7%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $40,251 per acre. Suburban/urban lots under 1 acre have a median price of $527,387 per acre.
Does Reelvest buy land in Fayette County, Kentucky?
Yes! Reelvest Properties buys vacant land throughout Kentucky, including Fayette County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.