Is Frankfort, KY or Lexington, KY cheaper to buy in?

Frankfort, KY is cheaper. The median home price in Frankfort, KY is approximately $185,000 and in Lexington, KY it is approximately $346,600 — a difference of $161,600.

Which has better schools, Frankfort, KY or Lexington, KY?

Lexington, KY has higher-rated schools. Frankfort, KY has a school rating of 6.1/10 and Lexington, KY has a rating of 6.5/10.

Let the numbers do the talking.

Frankfort, KY vs Lexington, KY

Frankfort, KY vs Lexington, KY: What the data shows

Frankfort, KY is in Frankfort, KY while Lexington, KY is in Lexington, KY — both in the same state. On home prices, Frankfort, KY is the more affordable option at $185,000 median — $161,600 less than Lexington, KY's $346,600. WYLT rates Frankfort, KY as “Good for now” — a solid choice worth serious consideration — and Lexington, KY as “Think twice” — a neighborhood that warrants careful research before committing.

Both neighborhoods have similar safety profiles. Frankfort, KY has Moderate violent crime and Moderate property crime. Lexington, KY has Moderate violent crime and Moderate property crime. On environmental risk, Frankfort, KY has Low flood risk and Lexington, KY has Low flood risk.

For families weighing school quality, Lexington, KY has the higher school rating — Frankfort, KY rates 6.1/10 and Lexington, KY rates 6.5/10.

Category	Frankfort, KY	Lexington, KY
Housing
Verdict	Good for now	Think twice
Median Price	$185K ✓ Lower price	$347K
Median Rent	$901	$786 ✓ Lower rent
Median Income	$63K ✓ Higher income	$45K
Price Volatility	Moderate	Moderate
Getting Around
Walk Score	Car-dependent	Car-dependent
Transit Score	1/100	3/100 ✓ Better transit
Bike Score	1/100	2/100 ✓ More bikeable
Commute	45 min	N/A
Safety & Environment
Safety Grade	D+	D+
Violent Crime	Moderate	Moderate
Property Crime	Moderate	Moderate
Flood Risk	Low	Low
Air Quality	Good ✓ Cleaner air	Moderate
Community
Schools	6.1/10	6.5/10 ✓ Better schools
Best for	public sector workersremote workers looking for low costfamilies seeking a quiet community	Families looking for strong school optionsStudents or staff near the university who drivePeople who value park access

Bottom line

Both neighborhoods have distinct trade-offs — review the data above to find your best fit.