2Old houses, student rentals, downtown towers
Close-in Lexington is old. More than a third of homes in 40507 and 40508 went up before 1950, and around Gratz Park, Western Suburb, Northside and South Hill that means plaster walls, wood floors over board subfloors and basements never meant to be finished. Fluids that reach old flooring follow the seams, so removal often goes deeper than in a newer house. Several of these streets sit in the city's H-1 historic overlay, where owners often hope to save original trim wherever it is safe to do so.
Renting is the norm. Fewer than one in three homes in 40508 is owner-occupied, and in the downtown core about three in four households rent, mostly in buildings of ten or more units around Main, Vine and Short streets. Near the University of Kentucky, many older houses in Transylvania Park and Aylesford are rented to students, and newer apartment blocks line South Limestone and South Upper. A job there involves a landlord, a property manager and sometimes roommates.
East of campus the picture shifts. In 40502 about three in five homes are owner-occupied: Kenwick, Mentelle, Ashland Park, Chenault Road and Idle Hour hold brick and frame houses from the 1920s through the 1960s, and Lansdowne and Shadeland add mid-century ranches toward New Circle. Many are long-held family homes, so a job here often means working around heirlooms, packed attics and relatives arriving from out of town. Downtown itself drains to Town Branch, a watershed on karst ground, so contaminated water should never go down a floor drain or into a yard.