In northwestern Lexington, the Speigle Heights community offers a small-town feel amidst a highly industrial area. Home to several concrete and construction-supply companies, auto repair locales and wood suppliers, pockets of single-family homes are found clustered throughout the neighborhood. “It’s affordable without sacrificing quality of life,” says Kush Rathod, Realtor with Lifestyle Real Estate. “This allows residents to enjoy all that Lexington has to offer without having to break the bank.” Despite its industrial roots, new residential development is entering the eastern side, making way for transformation. Neighbors can get outside at Speigle Heights Park, or make their way to the Lexington Distillery District, just north, for dining and entertainment options. With entry-level pricing, new developments, and proximity to urban amenities, Speigle Heights is a community on the rise.
Nestled in the heart of Lexington, K.Y., Speigle Heights is a diverse and vibrant neighborhood.
The Lexington Distillery District is a 25-acre entertainment district in downtown Lexington, KY.
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New development and mid-century bungalows
The real estate market in Speigle Heights is competitive because of its limited housing inventory and proximity to downtown Lexington. “The market caters to people of all financial backgrounds with numerous starter homes,” says Rathod, Lexington native who has been selling in the area for over four years. “Present inventory is lower than usual and we’re still seeing multiple offers on some properties.” Most homes were built in the 20th century, resulting in modest bungalows and Cape Cod styles from the era. New development is entering the neighborhood's eastern side, introducing two-story farmhouses and townhouses along Oliver Lewis Way. Despite the new construction, the community is mostly industrial and has a high percentage of renters. With an average home value of $200,000, homes here are valued $150,000 less than most properties in the Lexington metro area. Single-family homes here can start at around $50,000 for a two-bedroom fixer-upper and reach upwards of $300,000 for a three-bedroom Cape Cod with modern updates. Multi-family townhouses are also available, ranging from the high $300,000s to $500,000. Homes often feature small lawns, detached garages, and ornate fencing for privacy. The streets are designed to end in cul-de-sacs and are lined with sidewalks for increased walkability.
Speigle Heights is a historic neighborhood in the middle of downtown Lexington.
The Speigle Heights neighborhood in Lexington is a nice quite subdivision not far from downtown.
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Local markets and grocery shopping at Save A Lot
Groceries and everyday essentials are available along Route 60, which features retailers like Save A Lot, Family Dollar and Dollar Tree. The Foodland Market provides convenient snacks on the go less than 2 miles from the neighborhood. The family-owned Kentucky Shop has been in the neighborhood for over a decade and takes pride in selling Kentucky-inspired merchandise. Dining options include Desperados Cantina, which serves authentic Mexican cuisine and is known for a wide selection of tequila and mezcals. For dessert, grab a hand-crafted pint of ice cream from the family-owned Crank & Boom Craft Ice Cream. The Lexington Distillery District is situated northwest of Speigle Heights, featuring several breweries within a 5-minute drive away. The Elkhorn Tavern has a lounge and taproom with beer, wine, and spirits that are produced in-house. Lexington Brewing & Distilling has distilled spirits and signature barrel ale options on its menu and conducts private tasting tours regularly.
Take a tour at Lexington Brewing Distilling and have a sample afterwards.
Crank & Boom Craft Ice Cream is a small batch artisan ice cream maker in Lexington, Kentucky.
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Local greenery and pick-up basketball at Speigle Heights Park
The neighborhood’s namesake greenspace, Speigle Heights Park, is the primary gathering area just steps from many homes. It features a mulched playground with swings and a basketball court for pick-up games. Thompson Road Park is less than a mile north, offering a picnic table for outdoor dining and a basketball court with heavy shading from surrounding trees. Within minutes from Speigle Heights is the locally-owned Manchester Music Hall, a popular place to see live music performances. It has a full-service bar and can host up to 1,100 visitors. Rupp Arena is home to the University of Kentucky Wildcats and is also only 1 mile away and hosts a series of concerts and basketball games throughout the year.
Speigle Heights serves as a gathering place for families and neighbors.
Speigle Heights Park has a playground where younger kids can play.
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Education at Fayette County Public Schools
Families in Speigle Heights are zoned for Fayette County Public Schools. Students may attend schools like Harrison Elementary, Lexington Traditional Magnet School and Lafayette High School, which have earned ratings of C-plus, C-plus and A from the educational review site, Niche. Harrison Elementary School offers a Gifted and Talented program that recognizes high-performing students and adjusts their lessons to challenge and facilitate more learning. Lexington Traditional Magnet School serves students in Grades 6 through 8 and offers a Visual and Performing Arts Hub program where students interested in the arts can expand their talents and knowledge through coursework and performance opportunities. Lafayette High School offers 25 AP courses and is the second-best public high school in Kentucky according to Niche. It’s also home to the School for Creative and Performing Arts, with course options like moving image animation, pottery, real estate principles, and culinary arts. Private options like Sts. Peter & Paul Regional Catholic School and Providence Montessori School are also available. Those interested in pursuing higher education degrees can look to the University of Kentucky, less than 2 miles away.
Harrison Elementary School enrolls around 200 students every year.
Lafayette High School is a public school located in Lexington, KY.
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Lextran access and daily commutes on Route 60
Residents in Speigle Heights rely on U.S. Route 60 for easy access to downtown and neighboring areas like Woodward Heights. Those seeking public transportation can take the Lextran bus, which operates along Route 60. When traveling further outside the neighborhood, the Blue Grass Airport is 6 miles away. For healthcare, the UK Good Samaritan Hospital is 1 mile from the community. Residents should also note that train tracks do surround the community and bisect it near Driscoll Street, which along with some of the industrial sites, could add to heightened noise levels throughout the day.
Lextran offers Speigle Heights residents access to a network of bus routes.
The average household income in Speigle Heights is around $46,471.
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Crime
Speigle Heights’ CAP Index crime score is an 8 out of 10, which is higher than the national average of 4.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Ed Sarfo,
an experienced agent in this neighborhood.
Parks in this Area
Woodland Park
Cheapside Park
Court Square Fountain
McConnell Springs
Fifth Third Pavilion
Masterson Station Park
Dog Park
Trails
Playground
Triangle Park
Davis Park
Addison Park
Transit
Airport
Blue Grass
14 min drive
Bus
High & Oliver Lewis Way
Bus
Versailles & Forbes
Crime and Safety
1 - Low Crime, 10 - High Crime
Speigle Heights
US
Homicide
8
4
Sexual Assault
10
4
Assault with Weapon
7
4
Robbery
9
4
Burglary
8
4
Motor Vehicle Theft
9
4
Larceny
9
4
Crime Score
8
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Speigle Heights, Lexington sell after 58 days on the market compared to the national average of 47 days. The average sale price for homes in Speigle Heights, Lexington over the last 12 months is $226,474, down 42% from the average home sale price over the previous 12 months.
Builders and investors -- don't miss this great opportunity to own a great building lot just minutes from everything Downtown Lexington has to offer. Property is within walking distance of Distillery District and only 5 minutes to Rupp Arena and University of Kentucky. Property is zoned R-1D.
Interested in learning more about homes in this area?
Reach out to
Ed Sarfo,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
541
Median Age
37
Population Density
5 ppl/acre
Population under 18
28.5%
On par with the national average
23.8%
Population over 65
16.5%
On par with the national average
19.1%
Finances
Median Household Income
$51,971
Significantly below the national average
$71,702
Average Household Income
$46,104
Education and Workforce
High School Graduates
78.6%
Below the national average
89.1%
College Graduates
0%
Advanced Degrees
0%
% Population in Labor Force
79.1%
Above the national average
65.1%
Weather
Annual Precipitation
50''
Average Winter Low Temperature
26°F
Average Summer High Temperature
87°F
Annual Snowfall
26''
Area Factors
Somewhat Bikeable
Bike Score®
41/ 100
Car-Dependent
Walk Score®
39/ 100
Some Transit
Transit Score®
39/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
