You got me interested, so I checked a few listings. I'm seeing great deals in Lex in Galberith area on fixer uppers. High crime? Sure, but I'd bet the crime rate in our area where we currently live is probably higher. Some older student rental 4-plexes, sale-pending, near campus are what I'd consider as steals. Just saw a new shotgun (1 BR/1 BA) on Chestnut for $60K. Wow! Parking is a pain-in-the-*** near those dwellings, though.1. Lexington traffic is NOT bad. If you think traffic here is bad, you need to expand your horizons and get out of central KY sometime.
2. Housing here is NOT expensive. It's a very affordable place to live.
3. Like every city, there are dangerous spots in Lexington. I've personally never heard a gunshot in 20+ years of living here. Avoid trouble and it usually won't find you.
Tons of potential around Lex. Tons.