Martin Luther King, Lexington, KY
Martin Luther King — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Martin Luther King, Lexington, Kentucky. Explore the cited sources and local facts below while agent underwriting continues.
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Martin Luther King Neighborhood Overview
Located in Lexington, Kentucky, the Martin Luther King neighborhood is a residential area within the 40502 ZIP code. It offers a central location with a blend of established homes and community-focused living. The area is characterized by its quiet streets and proximity to key city amenities.
Lifestyle & Amenities
Residents enjoy convenient access to local shopping centers, dining options, and essential services within a short drive. The neighborhood provides a suburban feel while remaining close to the broader attractions of Lexington. Several community parks and green spaces are available for recreation and relaxation.
Real Estate Market
The housing market in Martin Luther King features primarily single-family homes. According to U.S. Census data, the median home value in the area is $453,400. This indicates a stable and established residential market appealing to a range of buyers.
Schools & Education
The neighborhood is served by the Fayette County Public Schools district. Families have access to a variety of public educational institutions from elementary through high school. Specific school assignments depend on the exact location within the neighborhood boundaries.
Transportation & Connectivity
Martin Luther King is well-connected by major roadways, including New Circle Road, facilitating easy commutes across Lexington. Public transit options are available through LexTran services. Its central location provides efficient access to downtown, the University of Kentucky, and area business centers.
Why Choose Martin Luther King
With a median household income of $70,687, the neighborhood offers an appealing balance of affordability and value in the Lexington market. It is an ideal choice for those seeking a quiet, established community with excellent city connectivity. The combination of solid housing stock and convenient amenities makes it a practical and desirable place to call home.
Martin Luther King Market Data
| Metric | Value |
|---|---|
| Median Home Price | $347K |
| Median Gross Rent | $786/mo |
| Median Household Income | $45K |
| Homeownership Rate | 30.1% |
| Renter-Occupied | 69.8% |
| Rental Vacancy Rate | 5.9% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 40507 |
Top Real Estate Agents in Martin Luther King, Lexington
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Martin Luther King, 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