Why is Louisville cheaper than Lexington? (California: relocating, tornadoes, vacation)

[Momandboys]

Hello!

I am thinking of relocating from California to Kentucky with 2 little boys. I noticed that the median house price for Louisville was quite less than for Lexington.
Does Lexington get less tornadoes? Any insights into the price difference would be appreciated!

[kingcopper]

The reason is based on the city's age. Lville has been very large in her core since the early 1900's while Lexington has been growing rapidly for the past three decades. The median is brought down by Lville's older distressed areas that have been abandoned. Also, please note that the homes in Lville are usually all brick where many in Lexington have only brick fronts. This is directly related to the mass scale of building by regional and national home builders in Lexington versus small mom&pop operations in Lville.

[tomocox]

I don't want you to not be concerned about tornadoes, but I am 55 yrs of age and have slept nearly every night of my life (except for a few vacations) in Kentucky. I have watched for, but never seen a tornado live. I have seen the damage of a T, and I have gone to the basement a few times, but not enough of a threat to panic about. Just come and enjoy 9999 out of 10000 days.

Louisville has a much larger (almost as big as Lexington inside New Circle Rd, KY-4) low rent area. If you are looking west of I-65 and north of I-265, you will need to have local advice of the area. This doesn't mean that all sub-areas of this area are bad, nor does it mean that only this area has problems, but don't sign any contracts without having local knowledge.

[InLondon]

Originally Posted by Momandboys

Hello!

I am thinking of relocating from California to Kentucky with 2 little boys. I noticed that the median house price for Louisville was quite less than for Lexington.
Does Lexington get less tornadoes? Any insights into the price difference would be appreciated!

That would be because of all the horse farms in Lexington. It makes the land cost more. Much of the land outside of the city is just horse farms. So growth is limited, therefore higher prices.

Lexington does not get many tornadoes, they are rare. A couple years ago one hit a subdivision on the northside and damaged a lot of homes.