Lexington
About Lexington, Kentucky
Welcome to Lexington, known as the "Horse Capital of the World," offering a unique blend of rich history, vibrant culture, and beautiful landscapes. As the second-largest city in Kentucky, Lexington prides itself on its thriving arts scene, diverse culinary offerings, and strong educational institutions. The city is renowned for its horse farms and role in the thoroughbred racing industry, providing a distinct identity that's celebrated by residents and visitors alike. With its well-preserved historic districts, modern urban development, and commitment to green spaces, Lexington offers a high quality of life in a dynamic setting.
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Average Home Prices in Lexington
The average home price in Lexington, KY, stands at approximately $292,304.
Based on calculations of home data from MLS and/or public records.
Kentucky Veteran Housing and Financial Benefits
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Kentucky Veteran Housing Benefits
Kentucky operates four long-term care facilities in Hazard, Radcliff, Wilmore, and Hanson for veterans. Eligibility requires Kentucky residency and an other-than-dishonorable discharge, with costs based on the veteran's ability to pay.
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Kentucky Veteran Financial Benefits
Military income and SBP payments in Kentucky are tax-free. Military retirement pay is tax-exempt up to $31,110, with potential for further exclusions. Disabled veterans can receive a property tax deduction of up to $40,500 on their home's assessed value.
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Kentucky Veterans Preference for State Jobs
Veterans gain a 5-point advantage on test scores for state employment, with disabled veterans receiving a 10-point advantage. Eligibility extends to certain spouses and surviving spouses.
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Kentucky Tuition Waiver Program
This waiver covers tuition for children, spouses, and un-remarried surviving spouses of Kentucky veterans who died in service or are totally disabled, applicable at state-funded educational institutions.
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Kentucky Veteran Recreation Benefits
Disabled veterans qualify for discounted hunting and fishing licenses. Kentucky resident veterans with total permanent disabilities enjoy free overnight stays at state parks.
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Kentucky Veterans Cemeteries
Veterans residing in Kentucky or those stationed in Kentucky are eligible for burial in state veterans cemeteries without any fees.
Lexington Neighborhoods and Surrounding Areas
Lexington's neighborhoods are as diverse and dynamic as the city itself, offering a range of living experiences from urban to rural settings. Here's an overview of some notable neighborhoods in Lexington:
- Chevy Chase: An upscale area known for its charming homes, local boutiques, and vibrant community atmosphere.
- Fayette County: Encompassing Lexington, this county offers a variety of living experiences, from bustling urban areas to serene rural landscapes.
- Hamburg: A newer development known for its shopping centers, restaurants, and modern housing, Hamburg offers suburban convenience with easy city access.
- Kenwick: A vibrant neighborhood with a strong sense of community, Kenwick boasts historic homes and active local involvement.
- Lakewood: Known for its beautiful homes and proximity to natural attractions, Lakewood offers a peaceful, upscale living environment.
- Meadowthorpe: With its tree-lined streets and family-friendly vibe, Meadowthorpe is a popular choice for those seeking a suburban feel.
- Southland: A diverse area with a mix of residential and commercial spaces, Southland is known for its live music scene and local eateries.
- Tuscany: A newer development offering spacious homes and modern amenities, Tuscany is ideal for those seeking contemporary suburban living.
- University of Kentucky area: Surrounding the campus, this area is lively and student-focused, with a range of housing options and easy access to university facilities.
- Beaumont: A well-planned community offering a variety of homes, parks, and amenities, Beaumont is attractive to families and professionals alike.
Military in Lexington
Lexington shows appreciation for its military community through various local services and memorials. While there are no large military installations in the city, Lexington's veterans and active-duty members have access to resources and support within the community and from nearby military facilities in Kentucky.
Local Universities in Lexington
- University of Kentucky: As a major educational institution, the University of Kentucky offers a wide range of programs and is a significant contributor to the local culture and economy.
- Transylvania University: Known for its rigorous academic programs and vibrant campus life, Transylvania University is a respected institution offering a liberal arts education.
- Bluegrass Community and Technical College: Providing a variety of degree and certificate programs, BCTC serves students seeking both academic and technical education.
VA Home Loans in Lexington with MHS Lending
MHS Lending is committed to supporting veterans in Lexington, a city that values the contributions of its military residents. Specializing in VA home loans, MHS Lending offers personalized assistance and expert guidance to help veterans navigate the home buying process. With an in-depth understanding of the Lexington real estate market and the benefits of VA loans, MHS Lending strives to help veterans achieve their homeownership goals in this historic city.
Benefits of working with MHS Lending in Lexington include:
- Expertise in Lexington's Market: In-depth knowledge of the local housing market, helping veterans find homes that suit their needs and preferences.
- VA Loan Specialization: Dedicated support with VA loans, ensuring veterans take full advantage of their benefits for a successful home buying experience.
- Customized Support: Focused service tailored to the unique situations of veteran homebuyers, providing a seamless and informed buying process.
Discover the advantages of partnering with MHS Lending for your VA home loan in Lexington. Begin your journey to homeownership in this vibrant Kentucky city. Get Started Now.
