Southland / Deerfield / Open Gates Neighborhood, Lexington, KY

Current Market Stats for Southland / Deerfield / Open Gates Neighborhood

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Overview
Whether it's funky, eclectic or artistic that you are after, the Southland Corridor is sure to have what every soul needs. With a recent revamp of its vibrancy over just the last decade plus, this bustling part of Lexington has become one go-to destination for locals and tourists alike! The main street offers an array of unique locally owned businesses and with homes in demand amongst young professionals & families – public transport nearby & highly rated schools - why wouldn't you want to visit? It’s no wonder more people than ever before are turning up their noses at dreary city streets when they can instead be joining in on all the fun happening down at Southland!
Real Estate
Southland, Deerfield, Open Gates median real estate price is $246,863, which is more expensive than 72.7% of the neighborhoods in Kentucky and 38.2% of the neighborhoods in the U.S. The average rental price in Southland, Deerfield, Open Gates is currently $1,524. The average rental cost in this neighborhood is higher than 82.0% of the neighborhoods in Kentucky. Southland, Deerfield, Open Gates real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Southland, Deerfield, Open Gates neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 6.6% in Southland, Deerfield, Open Gates. This rate is lower than 59.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.
People
The Deerfield neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 90.1% of Kentucky neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates and first-time home buyers.
Income
The neighbors in the Deerfield neighborhood in Lexington are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 63.2% of the neighborhoods in America. In addition, 4.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 69.2% of America's neighborhoods.
Cost Of Living
The cost of living in Southland-Deerfield-Open Gates is 3% higher than the Lexington-Fayette average
The cost of living in Southland-Deerfield-Open Gates is 6% lower than the national average
Southland-Deerfield-Open Gates housing is 13% lower than the national average
Kentucky general sales tax is 18% higher than the national average
Kentucky state income tax is 103% higher than the national average

Homes for sale in the Southland / Deerfield / Open Gates Neighborhoods