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Old 03-25-2008, 10:33 AM
 
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Default Lexington 40505 and 40508, are they "bad" neighborhoods?

I have been looking for a home in Lexington, but I can't afford too much. The zip codes Lexington 40505 and 40508 have cheap homes. How bad are the hoods? I am only supposing they are bad because these areas are so cheap compared to others. I am single and want to be near UK (on the cheap). Thank you very much in advance.
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Old 03-25-2008, 12:51 PM
 
Location: Todds Rd. area
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I think 40505 would probably be better, but that has you farther away from UK. Like any area, there will be some spots that are better than others. You can check the crime statistics online. ANYBODY KNOW THE WEBSITE FOR THIS? I think you can go to lfucg.com and navigate to the Police home page, then click on Crime Map.

Naturally there are better areas, but if this is your budget, I think you will be okay. When you find a house you like I would just drive around the immediate area to check it out. These are my Red Flags: A house with cars parked ALL over there place, LOTS of garbage, a house by a store (lots of foot traffic.)

An area that is close to UK and may be in your budget is Kenwick. There are mainly 3 blocks of this neighborhood. The 1st block runs $200-275,000. The 2nd block is mainly $140-170,000. The 3rd block is usually under $100,000. It is easily within biking distance to the north side of campus.............Good Luck!
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Old 03-25-2008, 05:38 PM
 
Location: Beautiful Kentucky
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Both of those zipcodes have a mixed bag of homes. You have some homes in 40508 that are in the several thousands of dollars. I would venture to guess that 40505 has the more amount of moderate housing in it. 40508 is more very expensive to less safe and cheaper housing. However, 40508 is closer to UK of course. You might be able to find some cheaper homes in the Garden Springs area which is as close as 40505. I believe the zip code in Garden Springs is 40503 (it's a very large zip code).
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Old 03-26-2008, 02:30 PM
 
Location: Todds Rd. area
925 posts, read 1,568,346 times
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Gardenside and Garden Springs are both 40504. Both are good choices for being close to UK. There is a going to be a 2 bedroom 1 bath house on Normandy coming up for sale soon for about $115-120,000(A friend of mine). Good job Bluegrassgirl on suggesting this area!
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Old 03-26-2008, 03:00 PM
 
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Default Thanks everyone!

I asked because those 2 zips have some really cheap homes for sale (I mean even under $50,000. I thought wow, did a tornado hit the place? I am excited about being able to buy, but I wondered if there was something wrong. I will visit soon, so any suggestions as to affordable areas near UK are really appreciated. My SO will be going to Medical school, but I have found a job just past Danville. I hope that drive won't be too murderous! I figured that being close to the University would be more important for a student, so I am willing to suffer some. I just hope it won't be too bad. Thanks again
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Old 03-26-2008, 03:17 PM
 
Location: Todds Rd. area
925 posts, read 1,568,346 times
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I would stay on the south end of lex if possible. It will make the Danville drive MUCH shorter. Zips out there are 40503, 40504, 40514, 40513, 40515, and 40517. If you are looking on LBAR, South/Southwest Lex is area 4, South/Southeast Lex is area 3. Good Luck!
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Old 03-27-2008, 07:12 AM
 
458 posts, read 1,630,693 times
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Quote:
Originally Posted by LEXpert View Post
I think 40505 would probably be better, but that has you farther away from UK. Like any area, there will be some spots that are better than others. You can check the crime statistics online. ANYBODY KNOW THE WEBSITE FOR THIS? I think you can go to lfucg.com and navigate to the Police home page, then click on Crime Map.
This is the website: Citizen's Crime Watch Home Page

You need to open it up in Internet Explorer and you can create map based on an address and learn what kinds of calls are received. It's very helpful.
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Old 03-27-2008, 06:01 PM
 
Location: Beautiful Kentucky
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Depending on what your schedule is with work and school, you might even want to consider Nicholasville. The traffic for the commute can be unpleasant, but it's on the way from Lexington to Danville.
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Old 03-27-2008, 06:56 PM
 
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A zip code is a big place. There are good and bad in both 40505 and 40508. 40508 is especially varied, as it has some extremely pricy homes as well as "hoods". It's a great place to live if you like urban - I do. If you are balancing UK and Danville, 40517 and 40503 can be affordable and safe.
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