How has Pasadena in Lexington, Kentucky performed over the past year?

Prices in Pasadena, Lexington, Kentucky are up 10.4 over the past year. The neighborhood also shows a gross yield of 6.7, prices in line with Lexington, and a Red Flag score of 74. Walkability is 28, and education is in the 72nd percentile.

How does Pasadena compare with Lexington and Kentucky?

Pasadena in Lexington, Kentucky is priced in line with Lexington and about 9% above Kentucky. Its gross yield is 6.7, prices are up 10.4 over the past year, and the Red Flag score is 74. Walkability is 28, while education is in the 72nd percentile.

Neighborhood

Pasadena

Lexington, Kentucky US

Pasadena in Lexington, Kentucky is a mixed investment profile, with gross yield of 6.7 and prices in line with Lexington but about 9% above Kentucky. Prices are up 10.4 over the past year, which supports recent momentum, while the Red Flag score of 74 points to elevated overall risk. Walkability is 28, and education is in the 72nd percentile, a relative strength.

AI Summary•Updated May 2026

Area

0.92 mi²

ZIP Code

40514

County

Fayette County

State

Kentucky

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5US Census ACS / TIGER 2024

Verified Price · Median Sale

$350,896

YoY+10.4%

Gross Rental Yield

6.7%

Listed rent · ZORI annualized

Red Flag Index

High

74 / 100

Walkability Score

Car-Dependent

OpenStreetMap POI density · national percentile

Education Score

72 / 100

Excellent · better than 72% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Pasadena Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Pasadena, Lexington.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$350,896	+10.4%
Price / Sq Ft (Verified)	$203/sqft	+2.5%
Asking Rent (Median)	$1,959/mo	+6.0%
Gross Rental Yield	6.7%	—
Liquidity Score	22 / 100	Low
Homes Sold (Period)	47	-28.8%

Is Pasadena Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Kentucky crime context.

Red Flag Breakdown

74 / 100

High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Flood100Very High

Tornado100Very High

Earthquake80Very High

Strong Wind80Very High

Hail80Very High

Wildfire60High

Heat60High

Hurricane40Moderate

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Kentucky averaged 15.6 crimes and 2.1 violent per 1,000 residents (-11.9% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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What Stands Out AI Insight

Above-average gross rental yield at 6.7%

Appreciating market — +10.4% sale-price YoY

Active transaction volume — 47 homes sold last period

Flood risk is Very High (100/100)

Tornado risk is Very High (100/100)

Insights are generated from Pasadena's live DistrictScore metrics.

Pasadena Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Kentucky-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.3 µg/m³ Meets EPA, above WHO guideline-18.4% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Pasadena centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 62% of U.S. neighborhoods.

Kentucky Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	15.6	2.1	-11.9%
2023	17.9	2.3	+5.8%
2022	17.1	2.2	-9.8%
2021	18.9	2.7	-6.5%
2020	20.4	2.6	-4.2%
2019	21.3	2.2	—

Reported at the state level — the finest official US crime aggregation; Pasadena inherits the Kentucky figures.

Radon Potential

EPA

Zone 1

Zone 1 — Highest potential · Pasadena

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Walkability & Amenities in Pasadena

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

28

Car-Dependent

Walkability Score

5

Grocery

9

Dining

0

Schools

0

Universities

0

Hospitals

0

Pharmacies

3

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Pasadena's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Pasadena vs Lexington vs Kentucky

How Pasadena benchmarks against its city and state medians.

Benchmark vs City & State

In Pasadena, the median sale price sits in line with the median for Lexington neighborhoods and about 9% above the statewide median. Gross rental yield is 6.7%, against 5.3% for Lexington neighborhoods and 5.5% statewide. Over the past 12 months, prices rose 10.4%. Transaction liquidity sits below the median for Lexington neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Pasadena	$203/sqft	6.7%	22
Lexington	$202/sqft	5.3%	33
Kentucky	$186/sqft	5.5%	40

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Buying Property in the US as a Foreigner

Federal & Kentucky tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.72% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 4.0%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $0.50 per $500.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Kentucky property-tax guidance for foreign buyers

Latest Lexington Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Pasadena Real Estate FAQ

Pasadena in Lexington, Kentucky shows a mixed profile. Gross yield is 6.7, prices are in line with Lexington and about 9% above Kentucky, and prices are up 10.4 over the past year. The Red Flag score is 74, while walkability is 28 and education is in the 72nd percentile.

Neighborhoods near Pasadena

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