Bourbon County prices drop 14 percent in 2010.
In an earlier report I noted that Fayette county just to the southwest of Bourbon County had jumped in prices by 4 percent. Bourbon county is much more rural and is mostly horse farms. If there were even one more horse farm that sold in 2009 that could affect the price difference. However a 14 percent drop must have other factors that are causing the price decline.
I suspect the largest factor is that there is no large employer base in Bourbon County. The closest large employer is the Toyoto factory in Georgetown. I suspect though that most of the people who work at Toyoto would find it much more convenient to live in Lexington if they were not going to live where they work in Georgetown.
If you are interested in living amongst the horse farms and like the country Bourbon County could be a great spot right now. Take a look at this horse farm for sale in Bourbon County. That is probably a little out of your price range but here is home that may not be.
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