40517 Homes under $250,000

40517 Homes under $250,000

Welcome to the vibrant and inviting community of Lexington, Kentucky, specifically the charming 40517 zip code! Nestled in the heart of Fayette County, this area is a delightful blend of suburban comfort and urban convenience, making it an ideal location for families, young professionals, and retirees alike.

One of the most appealing aspects of the 40517 area is the availability of homes under $250,000. Whether you are a first-time homebuyer or looking to downsize, this zip code offers a variety of affordable housing options that don’t compromise on quality or charm. From cozy single-family homes to well-maintained townhouses, there’s something to suit every taste and budget. You’ll find properties with inviting yards, modern amenities, and easy access to local parks and recreational facilities, perfect for those who enjoy outdoor activities.

Living in 40517 means you’ll also benefit from Lexington’s rich culture and history. Known as the “Horse Capital of the World,” the city boasts beautiful landscapes, equestrian events, and a vibrant arts scene. Enjoy exploring local boutiques, dining at delicious restaurants, and attending community events that bring neighbors together.

With its friendly atmosphere, competitive real estate market, and an array of homes under $250,000, the 40517 zip code is a hidden gem in Lexington. Come discover your dream home in this thriving community where affordability meets charm, and make your move to a place you’ll love to call home!

Newest 40517 Homes under $250,000

1145 Appian Crossing Way Unit 201, Lexington
$239,000
2 Beds ⋅ 3 Baths ⋅ 26026898 MLS
This move in ready townhome offers a well designed floor plan with open living space on the main level and bedrooms upstairs. The bright, spacious living room flows into the dining area and kitchen, making everyday living easy. Recent updates include a newer roof, air conditioner, furnace, carpet, and stainless steel appliances. Just minutes from the University of Kentucky, shops, and parks, with easy access to New Circle Road, it offers low-maintenance living in a convenient Lexington location. Homes at this price are few and far between, so don't miss your opportunity!

1145 Appian Crossing Way Unit 201, Lexington
1416 Ridgecrest Dr, Lexington
$219,900
2 Beds ⋅ 2 Baths ⋅ 26026849 MLS
Tucked between New Circle Road and Man o' War Boulevard, this 2-bedroom, 1½-bath Park Hills townhome offers a convenient Lexington location and a standout outdoor space. The oversized, immaculately maintained backyard is fully fenced, with a deck overlooking the lawn and plenty of room to relax or entertain. Inside, cheerful blue kitchen cabinetry adds personality, the dining area opens directly to the deck, and a brick fireplace anchors the living room. Both bedrooms are upstairs, and an attached one-car garage adds everyday convenience. The seller reports an HVAC system and smart thermostat installed in 2020, a refurbished deck in 2022, and crawl space drainage improvements and encapsulation in 2025, along with other improvements.

1416 Ridgecrest Dr, Lexington
322 Wilson Downing Rd, Lexington
$234,900
3 Beds ⋅ 1 Baths ⋅ 26026533 MLS
Charming all-brick 3-bedroom, 1-bath ranch in a convenient location just minutes from dining and shopping at Fritz Farm and Fayette Mall. This well-maintained home offers easy one level living and a functional layout with a spacious living room, large eat-in kitchen complete with a full complement of appliances, and a dedicated laundry room adds extra convenience. Hardwood floors flow throughout the living areas and 2 bedrooms. Step outside to enjoy the tranquility of the large backyard and covered patio—perfect for relaxing or entertaining. With its desirable location and easy access to shopping, dining, and all that Lexington has to offer, this home is ready to welcome its next owner!

322 Wilson Downing Rd, Lexington
3486 Sutherland Dr, Lexington
$174,500
3 Beds ⋅ 3 Baths ⋅ 26026335 MLS
Rare Find in Gainesway! This spacious 3-bedroom, 2.5-bath townhome offers comfortable, low-maintenance living in Lexington's established Gainesway neighborhood. Well cared for and move-in ready, the home features an HVAC system and water heater both approximately six years old, along with newer French doors at the back of the home that add both style and functionality. The townhome includes two dedicated parking spaces, and the HOA covers lawn care, snow removal, access to the pool, and clubhouse. Even better, the pool is just steps from the back door, making it incredibly convenient to enjoy during the warmer months. With three bedrooms, two full baths plus a half bath, updated mechanicals, newer French doors, community amenities, and a great location within Gainesway, this townhome is a rare opportunity. **Schedule your showing today!**

3486 Sutherland Dr, Lexington
1145 Appian Crossing Way Unit 706, Lexington
$248,500
3 Beds ⋅ 2 Baths ⋅ 26026196 MLS
Proposed new construction with a price you'll love! Welcome to 1145 Appian Crossing Way, Unit 706, Lot #12, where modern, low-maintenance living meets an incredibly convenient location. This brand-new "Eva A" townhome floorplan by Dalamar Homes offers 3 bedrooms, 2 full baths, an attached one-car garage, stainless steel appliances, granite countertops, LVP flooring, and approximately 1,117 square feet of thoughtfully designed living space. Completion 2026/2027. Located just off Tates Creek Road, you'll be minutes from the University of Kentucky, area hospitals, shopping, restaurants, grocery stores and everything Lexington has to offer. Whether you're a first-time buyer, downsizing, or simply looking for the ease and peace of mind that comes with owning a brand-new home, Appian Crossing offers an exciting opportunity to own new construction in a convenient Lexington location. Why rent when you can own something brand new? Special financing options available through builder's preferred lender. Come discover the value, convenience and easy lifestyle waiting for you at Appian Crossing Way!

1145 Appian Crossing Way Unit 706, Lexington
1145 Appian Crossing Way Unit 703, Lexington
$248,500
3 Beds ⋅ 2 Baths ⋅ 26026148 MLS
Proposed new construction with a price you'll love! Welcome to 1145 Appian Crossing Way, Unit 703, Lot #9, where modern, low-maintenance living meets an incredibly convenient location. This brand-new "Eva A" townhome floorplan by Dalamar Homes offers 3 bedrooms, 2 full baths, an attached one-car garage, stainless steel appliances, granite countertops, LVP flooring, and approximately 1,116 square feet of thoughtfully designed living space. Completion 2026/2027. Located just off Tates Creek Road, you'll be minutes from the University of Kentucky, area hospitals, shopping, restaurants, grocery stores and everything Lexington has to offer. Whether you're a first-time buyer, downsizing, or simply looking for the ease and peace of mind that comes with owning a brand-new home, Appian Crossing offers an exciting opportunity to own new construction in a convenient Lexington location. Why rent when you can own something brand new? Special financing options available through builder's preferred lender. Come discover the value, convenience and easy lifestyle waiting for you at Appian Crossing Way!

1145 Appian Crossing Way Unit 703, Lexington
1145 Appian Crossing Way Unit 505, Lexington
$248,500
3 Beds ⋅ 2 Baths ⋅ 26026134 MLS
Proposed new construction with a price you'll love! Welcome to 1145 Appian Crossing Way, Unit 505, Lot #5, where modern, low-maintenance living meets an incredibly convenient location. This brand-new "Eva A" townhome floorplan by Dalamar Homes offers 3 bedrooms, 2 full baths, an attached one-car garage, stainless steel appliances, granite countertops, LVP flooring, and approximately 1,112 square feet of thoughtfully designed living space. Completion 2026/2027. Located just off Tates Creek Road, you'll be minutes from the University of Kentucky, area hospitals, shopping, restaurants, grocery stores and everything Lexington has to offer. Whether you're a first-time buyer, downsizing, or simply looking for the ease and peace of mind that comes with owning a brand-new home, Appian Crossing offers an exciting opportunity to own new construction in a convenient Lexington location. Why rent when you can own something brand new? Special financing options available through builder's preferred lender. Come discover the value, convenience and easy lifestyle waiting for you at Appian Crossing Way!

1145 Appian Crossing Way Unit 505, Lexington
1145 Appian Crossing Way Unit 701, Lexington
$248,500
3 Beds ⋅ 2 Baths ⋅ 26026039 MLS
Proposed new construction with a price you'll love! Welcome to 1145 Appian Crossing Way, Unit 701, Lot #7, where modern, low-maintenance living meets an incredibly convenient location. This brand-new "Eva A" townhome floorplan by Dalamar Homes offers 3 bedrooms, 2 full baths, an attached one-car garage, stainless steel appliances, granite countertops, LVP flooring, and approximately 1,102 square feet of thoughtfully designed living space. Completion 2026/2027. Located just off Tates Creek Road, you'll be minutes from the University of Kentucky, area hospitals, shopping, restaurants, grocery stores and everything Lexington has to offer. Whether you're a first-time buyer, downsizing, or simply looking for the ease and peace of mind that comes with owning a brand-new home, Appian Crossing offers an exciting opportunity to own new construction in a convenient Lexington location. Why rent when you can own something brand new? Special financing options available through builder's preferred lender. Come discover the value, convenience and easy lifestyle waiting for you at Appian Crossing Way!

1145 Appian Crossing Way Unit 701, Lexington
1145 Appian Crossing Way Unit 506, Lexington
$248,500
3 Beds ⋅ 2 Baths ⋅ 26026017 MLS
Proposed new construction with a price you'll love! Welcome to 1145 Appian Crossing Way, Unit 506, Lot #6, where modern, low-maintenance living meets an incredibly convenient location. This brand-new "Eva B" townhome floorplan by Dalamar Homes offers 3 bedrooms, 2 full baths, an attached one-car garage, stainless steel appliances, granite countertops, LVP flooring, and approximately 1,094 square feet of thoughtfully designed living space. Completion 2026/2027. Located just off Tates Creek Road, you'll be minutes from the University of Kentucky, area hospitals, shopping, restaurants, grocery stores and everything Lexington has to offer. Whether you're a first-time buyer, downsizing, or simply looking for the ease and peace of mind that comes with owning a brand-new home, Appian Crossing offers an exciting opportunity to own new construction in a convenient Lexington location. Why rent when you can own something brand new? Special financing options available through builder's preferred lender. Come discover the value, convenience and easy lifestyle waiting for you at Appian Crossing Way!

1145 Appian Crossing Way Unit 506, Lexington
3793 Temple Dr, Lexington
$225,000
2 Beds ⋅ 1 Baths ⋅ 26025891 MLS
ABSOLUTE AUCTION — SELLS TO THE HIGHEST BIDDER REGARDLESS OF PRICE! Offered at Live On-Site Absolute Auction with Simulcast Internet Bidding. Auction is on Monday, October 12, 2026 @ 12:00 PM (EST). Property sells AS-IS, WHERE-IS with no contingencies. Buyers premium will be added to the final bid price and non-refundable earnest money required. Auction will be held at The Campbell House Inn located at 1375 S Broadway, Lexington KY 40504. Two bedroom, 1 bathroom, detached two car garage.

3793 Temple Dr, Lexington
3441 Laredo Dr Unit 15, Lexington
$239,900
3 Beds ⋅ 3 Baths ⋅ 26025471 MLS
Welcome home to this spacious 3-bedroom, 2.5-bath townhome located in the desirable Orchard Subdivision of Lexington! Offering a functional two-story floor plan, low-maintenance living, and a convenient location, this property is ready for its next owner. The main level features a spacious living room highlighted by a cozy wood-burning fireplace and custom built-in bookshelves, creating a warm and inviting space for relaxing or entertaining. The kitchen, half bathroom, and separate utility/laundry room are also conveniently located on the first floor. Just outside, enjoy your own private patio, providing a great space for outdoor seating, grilling, or unwinding at the end of the day. Upstairs, you'll find all three bedrooms and two full bathrooms. The primary bedroom features its own adjoining private full bathroom, while the additional bedrooms offer flexibility for family, guests, or a home office. The home features all-electric heating and air conditioning for added convenience. The monthly HOA provides low-maintenance living by covering exterior maintenance, including the roof, as well as snow removal. The property also includes one covered parking space plus an additional uncovered parking space. Conveniently located within walking distance of Kirklevington Park and just minutes from restaurants, shopping, and other Lexington amenities, this townhome offers a great combination of space, convenience, and low-maintenance living. Schedule your private showing today!

3441 Laredo Dr Unit 15, Lexington
1145 Appian Crossing Way Unit 205, Lexington
$229,900
2 Beds ⋅ 3 Baths ⋅ 26024898 MLS
Welcome to this charming 2-bedroom, 2.5-bathroom townhome, ideally situated just minutes from the University of Kentucky campus and downtown Lexington. The main floor features an inviting and spacious living room designed for easy daily living and effortless entertaining. Just around the corner, the functional kitchen flows directly into a sunny eat-in dining area, making meal prep and hosting a breeze. Step through the back entrance onto your private, fully fenced patio—an ideal space for outdoor dining, morning coffee, or relaxing in the evening. A conveniently located half-bath for guests. Upstairs, you'll find two generous primary-style bedroom suites. Each bedroom offers its own private full bathroom and ample closet space, providing maximum privacy and comfort for roommates, guests, or a dedicated home office setup. There is a separate laundry room between the bedrooms. Two dedicated parking spots come with the townhome. Whether you are looking for a low-maintenance home near campus or a prime investment opportunity, this townhome delivers location, layout, and privacy. Schedule your tour today!

1145 Appian Crossing Way Unit 205, Lexington
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