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Red Mile Home for Sale

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    $264,000

    • 3 Beds
    • 2 Baths
    • 959 Sq Ft

    1081 S Broadway Unit 104, Lexington, KY 40504

    This condo is perfect for any of the above. Fantastic location, close to everything and walking distance to UK. First floor unit.

    Diana C Brooker Lifstyl Real Estate

    1081 S Broadway Unit 104, Lexington, KY 40504

About Red Mile

Named after the famous gaming and horse racing facility within the neighborhood, Red Mile is a residential area less than 2 miles from downtown Lexington and all its amenities. “It’s a great location with a lot of history and a great blend of communities,” says Realtor John Dabney with Rector Hayden Realtors, who is a lifelong resident of Lexington. Sitting right on the edge of the city, as well as the immensely popular University of Kentucky, Red Mile residents have no shortage of public events and entertainment. "Plus, it also borders a golf ...

Frequently Asked Questions

Is Red Mile a good place to live?
Red Mile is a good place to live. Red Mile is considered very car-dependent and bikeable with some transit options. Red Mile is a suburban neighborhood. Red Mile has 13 parks for recreational activities. It is somewhat dense in population with 7.8 people per acre and a median age of 29. The average household income is $35,818 which is below the national average. College graduates make up 37.4% of residents. A majority of residents in Red Mile are renters, with 84.9% of residents renting and 15.1% of residents owning their home. A local real estate agent serving Red Mile can help you decide if this neighborhood is the right one for you. Learn more on our Red Mile neighborhood guide.
Is Red Mile, KY a safe neighborhood?
Red Mile, KY is less safe than the average neighborhood in the United States. It received a crime score of 8 out of 10.
How much do you need to make to afford a house in Red Mile?
The median home price in Red Mile is $272,500. If you put a 20% down payment of $54,500 and had a 30-year fixed mortgage with an interest rate of 6.83%, your estimated principal and interest payment would be $1,430 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $61K a year to afford the median home price in Red Mile. The average household income in Red Mile is $36K.
What are the best public schools in Red Mile?
The best public schools that serve Red Mile are:
What are the best private schools in Red Mile?
The best private schools that serve Red Mile are:
What are the most popular zip codes in Red Mile, Lexington, KY?
The most popular zip codes in Red Mile, Lexington, KY include 40324, 40356, 40475, 40509 and 40391.
What are the most popular neighborhoods near Red Mile, Lexington, KY?
The most popular neighborhoods near Red Mile, Lexington, KY are West Lexington, Cardinal Valley, South Broadway Park, Picadome and Historic South Hill.

Home Trends in Red Mile, KY

Home Trends

Median Price (12 Mo)
$275,000
Median Single Family Price
$275,000
Median Townhouse Price
$315,000
Average Price Per Sq Ft
$181
Number of Homes for Sale
1
Last 12 months Home Sales
15
Months of Supply
0.80
Median List Price
$272,500
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
47%
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