Masterson Station, Lexington, KY
Masterson Station — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Masterson Station, Lexington, Kentucky. Explore the cited sources and local facts below while agent underwriting continues.
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Masterson Station Neighborhood Overview
Masterson Station is a well-established residential neighborhood located in the northwestern quadrant of Lexington, Kentucky. Characterized by its spacious lots and family-friendly atmosphere, it offers a suburban feel within the city limits. The community is centered around the popular Masterson Station Park, providing a green heart for recreation and gatherings.
Lifestyle & Amenities
The neighborhood's premier amenity is the 580-acre Masterson Station Park, featuring extensive walking trails, sports fields, a dog park, and an equestrian area. Daily conveniences are readily available with shopping centers, grocery stores, and a variety of restaurants situated along nearby Leestown Road and Georgetown Road. This blend of outdoor recreation and practical retail makes it a convenient and active place to live.
Real Estate Market
Masterson Station features a stable real estate market primarily composed of single-family homes. According to recent data, the median home value in the area is approximately $453,400, with a current price per square foot around $187. The market offers a range of housing options, from traditional builds to newer constructions, catering to different buyer preferences.
Schools & Education
Families in Masterson Station are served by the Fayette County Public Schools district. The specific schools assigned to the neighborhood can vary by address within the 40502 ZIP code. Prospective residents are encouraged to consult the district's latest boundary maps for the most current school assignments.
Transportation & Connectivity
The neighborhood provides excellent connectivity via major roads like Leestown Road (US 421) and New Circle Road (KY 4), offering direct routes to downtown Lexington, Keeneland, and Blue Grass Airport. While primarily car-dependent, the area's grid-like street layout facilitates easy navigation. Public bus service is available through LexTran along key corridors.
Why Choose Masterson Station
Masterson Station is an ideal choice for those seeking a classic Lexington suburban lifestyle with exceptional park amenities. It appeals to families and professionals who value space, community, and convenient access to both city amenities and the surrounding Bluegrass region. The combination of established neighborhoods, a strong sense of community, and a balanced real estate market makes it a consistently desirable place to call home.
Masterson Station 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 Masterson Station, Lexington
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Masterson Station, 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