Home Prices in Central Kentucky (Danville, Maysville: houses, purchase, property taxes)

[Oldhag1]

Originally Posted by Peter1948

Shelby County or Oldham County. Still rural but exurban. Shelby County has the best outlet mall in the state and best interstate access to get into Louisville or Lexington. Oldham county has some of the best home resale value for when you need to cash out and retire, and sell your land. Louisville has the most good hospitals nearby and is overall a superior city with regards to amenities to Lexington. I am not sure of your age but being too far in the middle of nowhere in retirement is a HUGE danger to your health if you need to call 911. The hospitals in Shelby and Oldham County are excellent exurban hospitals capable of stabilizing anything in their ER.

If you like Lexington and Harrdosburg too, then Shelbyville or Simpsonville would be a nice compromise, but of course away from the town center where the land is plentiful and the horses run the beautiful rolling hills!

Where in that triangle she inquired about do you think there isn't reasonable access to medical care?

Kentucky Hospitals and Medical Centers • KY
Map of Kentucky Hospitals
Kentucky 911 Services Board Annual Report

[CraigCreek]

Originally Posted by marino760

I'm just curious and so I'm asking. If one likes Harrodsburg, why steer them to Shelbyville or Simpsonville? Harrodsburg has one of the best and most beautiful walkable downtowns in the state, has low crime rates and affordable beautiful homes and lots of amenities for a town it's size. What am I missing?

Maybe because Peter clearly thinks Louisville, Oldham and Shelby Counties are not only the best part of Kentucky, but the only places to which to direct inquiries from those considering a move to our lovely state, even when they consistently express interests in other areas and do not inquire about Louisville, Oldham or Shelby Counties at all??

[CraigCreek]

Originally Posted by Peter1948

UK Chandler is one of the best hospitals in the state. The problem with Lexington is that’s all she wrote for really superb specialists. The OP is unlikely to want to drive into downtown Lexington given their rural lifestyle. Living closer to the Louisville side will provide more options as the suburbs are substantially more developed. There’s simply nothing like a 265 beltway in Lexington.

That’s why in answering the OP questions, Shelby and Oldham county are best. Woodford County would be my third choice but it simply lacks the nearby shopping amenities of the other two counties. Living in Oldham will allow the OP to rural life but proximity to more shopping, the best hospital system in Baptist, a higher resale value, and an hour to the state’s two major airports (CVG and SDF)

Most the hospitals on that map are actually ATROCIOUS. I know them well.

Peter, you've contradicted yourself in one sentence. How can you equate the "rural lifestyle" favored by the OP with "substantially more developed" suburbs??

Woodford County is adjacent to Fayette County, home of Lexington. Woodford County seat Versailles is just twelve miles from Lexington, considerably closer than Shelbyville or LaGrange are to Louisville.

[marino760]

Just looking at raw data, average housing costs in Harrodsburg are almost 40% less than Shelbyville and 60% less than Simpsonville.
Also the average property tax in Oldham County is $2,244 per year and $1,418 for Shelby County. Compare that to $996 for Mercer County.
These are important things to be considered since the original post is about high housing costs in Central KY.

[Peter1948]

Originally Posted by marino760

Just looking at raw data, average housing costs in Harrodsburg are almost 40% less than Shelbyville and 60% less than Simpsonville.
Also the average property tax in Oldham County is $2,244 per year and $1,418 for Shelby County. Compare that to $996 for Mercer County.
These are important things to be considered since the original post is about high housing costs in Central KY.

You get what you pay for. Houses will never appreciate in places like Harrodsburg like they do in Shelby, Oldham, or even Woodford County. I can back that up with historical data if you'd like. If the OP is never looking to sell and retire than that should be a consideration.

[marino760]

Originally Posted by Peter1948

You get what you pay for. Houses will never appreciate in places like Harrodsburg like they do in Shelby, Oldham, or even Woodford County. I can back that up with historical data if you'd like. If the OP is never looking to sell and retire than that should be a consideration.

I do believe you. Costs are a consideration though since that was the topic of the thread and the counties you suggest are among the most expensive in the state for houses and property taxes. That's all good, but sometimes one needs to compromise to get what they want and can afford. Just saying....

[OldClothesandSuch]

Originally Posted by marino760

I'm just curious and so I'm asking. If one likes Harrodsburg, why steer them to Shelbyville or Simpsonville? Harrodsburg has one of the best and most beautiful walkable downtowns in the state, has low crime rates and affordable beautiful homes and lots of amenities for a town it's size. What am I missing?

We love Harrodsburg and Mercer county. Shelbyville is lovely too, but the tax rate is close to what we're leaving in New Hampshire. We're just waiting for another older home with a bit of land to pop on the market. Seems the older homes with land sell fast, while the newer homes sit.

[marino760]

Originally Posted by OldClothesandSuch

We love Harrodsburg and Mercer county. Shelbyville is lovely too, but the tax rate is close to what we're leaving in New Hampshire. We're just waiting for another older home with a bit of land to pop on the market. Seems the older homes with land sell fast, while the newer homes sit.

We have similar ideas and coming from CA property taxes are an issue for me as well. I also want to purchase an old or older house but in a downtown area so I can walk to restaurants, coffee shops, some basic shopping and festivals. Prices of older homes are usually just a fraction of the newer homes and personally, I love the old houses with character and I don't mind doing the basics to fix them up and make them beautiful again.
Harrodsburg is one of two towns now that are on top of my list to check out and explore. The other is Maysville but that's outside of your search area. Both have beautiful historic downtowns and reasonable home prices and property taxes.
Good luck on your quest and please keep us updated.

[Peter1948]

Originally Posted by CraigCreek

Maybe because Peter clearly thinks Louisville, Oldham and Shelby Counties are not only the best part of Kentucky, but the only places to which to direct inquiries from those considering a move to our lovely state, even when they consistently express interests in other areas and do not inquire about Louisville, Oldham or Shelby Counties at all??

The OP SPECIFICALLY mentioned Crestwood. Isn't that in Oldham County?

I agree with the OP that prices are high. But there's a reason...it has the best home appreciation and the best schools. It is also top 5 in the state in growth. You get what you pay for. Also there are VERY cheap homes in Crestwood and very expensive ones in Lawrenceburg...it works both ways anywhere! The OP needs a good realtor Moderator cut: off topic

If amenities are not important, the OP is correct that south central KY is more remote and much much cheaper. Like any real estate across the US, nicer real estate in major metros and better schools always cost more. It doesn't mean it is for everyone and may or may not be for the OP but money and value seems to be proof in pudding in my opinion.

Honestly? The OP should visit a place like Crestwood and Lawrenceburg. The OP will be able to see the best place to live after a week in both, and doesn't need to listen to shameless local boosters for Louisville suburbs (me) and Lexington region (CraigCreek). The OP will discover overpriced and cheap houses in both areas after a week in each with a realtor. Staying in a short term hotel for 200 per week would be well worth the money spent!

[OldClothesandSuch]

Originally Posted by Peter1948

The OP SPECIFICALLY mentioned Crestwood. Isn't that in Oldham County?

I agree with the OP that prices are high. But there's a reason...it has the best home appreciation and the best schools. It is also top 5 in the state in growth. You get what you pay for. Also there are VERY cheap homes in Crestwood and very expensive ones in Lawrenceburg...it works both ways anywhere! The OP needs a good realtor Moderator cut: off topic

If amenities are not important, the OP is correct that south central KY is more remote and much much cheaper. Like any real estate across the US, nicer real estate in major metros and better schools always cost more. It doesn't mean it is for everyone and may or may not be for the OP but money and value seems to be proof in pudding in my opinion.

Honestly? The OP should visit a place like Crestwood and Lawrenceburg. The OP will be able to see the best place to live after a week in both, and doesn't need to listen to shameless local boosters for Louisville suburbs (me) and Lexington region (CraigCreek). The OP will discover overpriced and cheap houses in both areas after a week in each with a realtor. Staying in a short term hotel for 200 per week would be well worth the money spent!

Actually, I only mentioned Crestwood to compare it's astronomical home prices to other areas that are just as nice.
My agent told me that Crestwood/Oldham county is priced that way because of schools. Seeing as I dont have any children in school - it would be pointless to spend my tax dollars there for a home of the same size/on the same land - in another county with a lower tax rate and not as high-rated schools, right?