Federal Place, Lexington, KY
Federal Place — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Federal Place, Lexington, Kentucky. Explore the cited sources and local facts below while agent underwriting continues.
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Federal Place Neighborhood Overview
Federal Place is a residential neighborhood in Lexington, Kentucky, located within the 40502 ZIP code. It offers a central location with a blend of historic character and modern convenience, appealing to a diverse range of residents. The area provides a distinct urban-suburban feel within close proximity to downtown Lexington.
Lifestyle & Amenities
Residents enjoy convenient access to local shops, restaurants, and services along nearby major corridors. The neighborhood's location supports an active lifestyle with several parks and green spaces within a short drive. Its central positioning makes it easy to reach Lexington's broader cultural and entertainment offerings.
Real Estate Market
The real estate market in Federal Place is characterized by above-average home values, with a Census median home value of $453,400. Current market data indicates a price per square foot of approximately $172.05, reflecting the desirability of the location. The area features a mix of single-family homes, including well-maintained historic properties and updated residences.
Schools & Education
Families in Federal Place are served by the Fayette County Public Schools district. The specific schools serving the neighborhood can vary by address within the 40502 ZIP code. Parents are encouraged to consult the district's boundary maps for the most current school assignments and ratings.
Transportation & Connectivity
The neighborhood benefits from excellent connectivity via major roadways like New Circle Road and Richmond Road, facilitating easy commutes across Lexington. Public transportation is available through LexTran bus routes that service the area. Its layout is generally walkable for daily errands, with good access to essential services.
Why Choose Federal Place
Federal Place is an ideal choice for those seeking a stable, centrally-located neighborhood with a strong sense of community. The area's solid median household income of $70,687 and valuable housing stock indicate a prosperous and invested resident base. It represents a compelling blend of accessibility, character, and long-term value in the Lexington housing market.
Federal Place Market Data
| Metric | Value |
|---|---|
| Median Home Price | $453K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $71K |
| Homeownership Rate | 58.6% |
| Renter-Occupied | 41.4% |
| Rental Vacancy Rate | 2.9% |
| Market Type | Seller's |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 40502 |
Top Real Estate Agents in Federal Place, Lexington
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Federal Place, Lexington, KY. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Kentucky Real Estate Commission (KREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15