Melrose-Oakpark, Lexington, KY
Melrose-Oakpark — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Melrose-Oakpark, Lexington, Kentucky. Explore the cited sources and local facts below while agent underwriting continues.
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Melrose-Oakpark Neighborhood Overview
Melrose-Oakpark is a residential neighborhood in Lexington, Kentucky, located within the 40502 ZIP code. It offers a quiet, established community atmosphere with convenient access to the city's amenities. The area is characterized by its family-friendly streets and well-maintained homes.
Lifestyle & Amenities
Residents enjoy a suburban lifestyle with nearby shopping and dining options. The neighborhood provides easy access to parks and local services for daily needs. Its central location allows for a balanced pace of life close to urban conveniences.
Real Estate Market
The real estate market in Melrose-Oakpark features a median home value of $453,400, according to recent Census data. Current market metrics show an asking price per square foot of approximately $139.48. This indicates a stable and desirable housing market within Lexington.
Schools & Education
The neighborhood is served by the Fayette County Public Schools district. Families in the area have access to a range of public educational institutions. The specific schools serving Melrose-Oakpark are determined by the district's attendance zones.
Transportation & Connectivity
Melrose-Oakpark is well-connected by major roadways, facilitating commutes across Lexington. The neighborhood's layout supports straightforward access to downtown and other key areas. Public transportation options are available to serve residents' needs.
Why Choose Melrose-Oakpark
Homebuyers choose Melrose-Oakpark for its stable property values and established community feel. The neighborhood's median household income of $70,687 reflects its economic stability. It represents a compelling choice for those seeking a traditional Lexington neighborhood with solid fundamentals.
Melrose-Oakpark 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 Melrose-Oakpark, Lexington
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Melrose-Oakpark, 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