Lexington’s unemployment rate for the second quarter of 2026 settled at 4.0%, 20 basis points below the national average. Occupancy rates in the market are currently sitting at 64.9% and asking rents have increased 0.4% per unit over the past twelve months. The second half of 2026 is expecting an increase of 1.0% with 2027 expecting a rise of 2.1%.The overall average rental rate for the market is $1,343 per month, up 2.0% from the second quarter of 2025. 101 units were completed in the last 12 months with an additional 2,503 units under construction and 2,662 units planned throughout the Metro Lexington area. Multifamily investment activity in the Lexington MSA slowed in the first quarter, but regained momentum in the second quarter continuing an overall moderate activity pace. Year-to-date (YTD) investment sales equate to $72,787,500, encompassing a total of 649 units.