Counties / Kentucky / Jessamine County

Jessamine County, KY

FIPS 21113 · population 54,588 · part of Lexington, KY

$328k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$328k
▲ 2.8% year over year
Zillow ZHVI · direct
Median asking rent
$1,542
▲ 7.6% year over year
Zillow ZORI · direct
Gross yield
5.6%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,272
market rent is 1.21x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+56.6%not annualized · through 2025
0%ZILLOW ZHVI2026-06+2.8%FHFA HPI2025+3.3%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$268k
Surveyed gross rent$1,124
Rent burden 30%+40.7%
Median year built1992
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
6.1%vacant
21,198estimated housing units
Occupied tenure33.3% renter
owner 66.8%renter 33.3%
Structure mix81.2% single-family
Single-family 81.2%20+ units 2.0%Mobile home 3.7%Other 13.1%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs18,921▲ 1.4% from the prior annual release
Covered establishments2,058annual average reporting locations
Average weekly wage$1,064▲ 2.4% from the prior annual release
Largest private supersectorTrade, transportation, and utilities29.0% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+1.4%WEEKLY WAGE+2.4%Trade, transportation, and utilities29.0%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Jessamine County presents a yield-versus-exit-liquidity tension. At the June 2026 Zillow county observation, median home value was $328,197 and median asking rent was $1,542. The supplied 5.64% gross yield merits investigation by operators able to validate tenant demand and parcel costs; buyers dependent on a quick resale or assumed expenses should be cautious.

02Housing economics

That rent is measured market asking rent, not HUD’s $1,272 Fair Market Rent. FMR is a payment standard, so it cannot substitute for an asking-rent estimate or create a yield. The gross yield is before costs. The 0.73% effective property-tax rate is a carrying-cost input, but it does not identify a subject property’s assessment. Missing vacancy, turnover, maintenance, insurance, financing and utility data prevents a net-yield or cash-flow conclusion.

03Demand & competition

At the June 2026 Realtor.com inventory observation, active listings and median marketing time both rose, while 9.93% of MLS listings had a price reduction. These are visible-supply, marketing-time and seller-concession signals, not closed-sale prices or proof of buyer demand. Tax-return migration was net positive by 193 households, with incoming movers’ average income $15,598 higher. Investors represented 12.88% of 691 purchases, indicating a participating buyer segment rather than the whole market.

04Risk & next checks

In 2025, FHFA’s repeat-transaction HPI rose 3.3%, and its supplied cumulative increase was 56.59%; it supports a rising-price direction but is not a home value and cannot be averaged with Zillow’s differently dated measure. The QCEW record indicates covered workplace employment, not resident employment, and average weekly wages rose; Trade, transportation, and utilities was the largest disclosed private supersector, not the whole economy. Inland flood is the dominant hazard, and modeled annual climate loss equals 0.11% of building value. Parcel flood exposure, insurance quotes, closed sales, lease comps and property-specific taxes remain unreported; without them, exit price, net income and hazard cost cannot be underwritten.

Cities & communities

Where people live within Jessamine County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Nicholasville city32.2KWilmore city6.1KKeene city346High Bridge CDP109
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

4 Census places

Population
  1. 01
    Nicholasville cityIncorporated place
    32,197
  2. 02
    Wilmore cityIncorporated place
    6,057
  3. 03
    Keene cityIncorporated place
    346
  4. 04
    High Bridge CDPCensus-designated place
    109

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.110% of building value expected lost per year

Effective property tax0.73%

$1,960 median annual bill

02
DemandIRS SOI household flows
Net migration+193

1,833 in · 1,640 out

Arriving vs leaving income+$15,598

$78,064 arriving · $62,466 leaving

03
CompetitionHMDA financed purchases
Purchases by investors12.9%

89 of 691 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings166▲ 22.5% year over year
Median days on market59▲ 22.9% year over year
Listings price-reduced9.9%seller-concession signal
Median listing pricen/a▲ 8.0% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Lexington, KY

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Jessamine County54,588$328k$1,5425.6%inland flooding
Fayette County323,725$336k$1,5515.5%inland flooding
Scott County59,536$346k$1,5275.3%inland flooding
Clark County37,192$258k$1,2095.6%inland flooding
Woodford County27,279$356k$1,5665.3%inland flooding
Bourbon County20,240$258k$1,0234.8%inland flooding
Bear case

What can break the county thesis

  1. Property-level taxes, insurance, repairs, vacancy and financing costs could eliminate the indicated gross-yield advantage.
  2. MLS listing evidence could fail to translate into achievable sale prices or tenant demand for a specific property.
  3. Inland-flood exposure and insurance availability may differ materially by parcel from the county-level climate model.
Underwriting questions

Before pricing a property

What measured market rent and gross yield are published?

Median asking rent is $1,542 per month, and supplied gross yield is 5.64% before costs.

Can HUD Fair Market Rent be used as the county’s asking rent?

No. The $1,272 HUD Fair Market Rent is a payment standard, not an estimate of market asking rent.

How much investor participation is reported among purchases?

Investors accounted for 12.88% of 691 purchases.