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Single Family ResidenceResidential
$342,835$204 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 96How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $210,000 on Jan 6, 2021

242 RAND AVE

LEXINGTON, KY 40508
2
Beds
2
Baths
1,682 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
2,940 ft²
Lot SizeThe size of the land the home sits on, from county records.
1920
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$343K
$329K low$356K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$210,000 · Jan 6, 2021
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$153,835
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$123,068
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.52%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$189,000
FIELD & MAIN BK INC · P · recorded Jan 6, 2021

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,720 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$300,800 (2025)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$300,800
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$300,800

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.40
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
5
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
84
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
90
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
22
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyFayette
Lot (acres)The size of the land the home sits on, from county records.0.07
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.Yes
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Patio · 84 ft²

Transaction History(4)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Lexington Traditional Magnet SchoolC+
Middle · Grades 6–8 · 0.4 mi
E
William Wells Brown Elementary SchoolB
Elementary · Grades PK–5 · 0.4 mi
H
Frederick Douglass High SchoolA-
High · Grades 9–12 · 2.8 mi

District: Fayette County School District

Neighborhood · ZIP 40508These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.142
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.170
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.55

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.86%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.23%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.26%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.23,928
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5,741 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$36,773
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$59,436
Average tempThe average temperature here across a full year.55°F
Annual precipHow much rain and melted snow falls here in a typical year.46 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

242 Rand Ave measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 75% of homes in Lexington 40508
  • Bigger than 71% of homes in Lexington 40508
  • Has a smaller lot than 95% of homes in Fayette County
  • Older than 96% of homes in Fayette County

What homes are worth in Lexington 40508

Each bar is how many homes fall in that price range. The marker is this home.

This home
$73K$990K

This home is worth more than 75% of homes in Lexington 40508.

How it measures up in Lexington 40508

The dot is this home. The mark in the middle is the typical home in Lexington 40508.

Estimated value$342,835
CheaperTypical $200,778Pricier

Pricier than 75% of homes nearby

Price per ft²$204
CheaperTypical $175Pricier

Pricier than 62% of homes nearby

Living area1,682 ft²
SmallerTypical 1,234 ft²Bigger

Bigger than 71% of homes nearby

Lot size2,940 ft²
SmallerTypical 0.12 acBigger

Bigger than 19% of homes nearby

Year built1920
OlderTypical 1932Newer

Newer than 43% of homes nearby

How 242 Rand Ave ranks against every home in each area.
MeasureThis homeMartin Luther KingLexington 40508Fayette County
Estimated valuepricier than$342,83565% of homes75% of homes56% of homes
Price per ft²pricier than$20460% of homes62% of homes50% of homes
Living areabigger than1,682 ft²52% of homes71% of homes56% of homes
Lot sizebigger than2,940 ft²8% of homes19% of homes5% of homes
Year builtnewer than192068% of homes43% of homes4% of homes

About 242 Rand Ave

How much is 242 Rand Ave, Lexington, KY worth?

The TopHap Estimate for 242 Rand Ave, Lexington, KY is $342,835 as of Jul 14, 2026. The likely range is $329,463 to $356,207. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 242 Rand Ave, Lexington, KY last sell?

242 Rand Ave, Lexington, KY last sold on Jan 6, 2021 for $210,000, according to the county's recorded deed. TopHap holds 4 recorded sales for this parcel.

How big is 242 Rand Ave, Lexington, KY?

242 Rand Ave, Lexington, KY has 2 bedrooms, 2 bathrooms, 1,682 square feet of living space and a 0.07-acre lot.

When was 242 Rand Ave, Lexington, KY built?

242 Rand Ave, Lexington, KY was built in 1920, making it 106 years old. The building has 2 stories.

What schools serve 242 Rand Ave, Lexington, KY?

242 Rand Ave, Lexington, KY is assigned to Lexington Traditional Magnet School (middle), rated C+; William Wells Brown Elementary School (elementary), rated B; Frederick Douglass High School (high), rated A-. All sit in Fayette County School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 242 Rand Ave, Lexington, KY compare to other homes in Lexington 40508?

Among the 6,083 homes in Lexington 40508, it is worth more than 75% of them ($342,835 against a typical $200,778), its price per square foot is higher than 62% of them ($204 against a typical $175), it is bigger than 71% of them (1,682 ft² against a typical 1,234 ft²), its lot is bigger than 19% of them (2,940 ft² against a typical 0.12 ac) and it is newer than 43% of them (1920 against a typical 1932). Measured against all of Fayette County, it is worth more than 56% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 242 Rand Ave, Lexington, KY?

The 2025 property tax bill for 242 Rand Ave, Lexington, KY was $3,720. The county assessed it at $300,800.

More homes on Rand Ave

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Assigned schools

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