Market Intelligence · KY / Lexington

Lexington, KY 40502 Housing Market

The typical home value in Lexington's 40502 ZIP is $569,193, up 6.9% over the past year. The median list price is $685,000, and homes spend a median of 44 days on market. As of 2026-08-01, there were 67 homes for sale.

Updated August 2026Median value$569K

The median home value in Lexington, KY 40502 is $569K as of August 2026, up 6.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 40502 range

$524K to $615K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+6.9% over 12 months

Typical home value in 40502 over the last 12 months: $532K in Aug 2025 to $569K in Aug 2026 (+6.9%).

Aug 2025$532K

Aug 2026$569K

The numbers

What is the 40502 housing market like?

Typical home value

$569K

Up6.9%YoY

Median list price

$685K

Down6.0%MoM

Days on market

44

Down2.2%MoM

Homes for sale

67

Down2.9%MoM

Price cuts

20.5%

Down1.7%MoM

New listings

28

Down30.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 40502 home prices compare?

  • 40502$569,193
  • Lexington$359,886
  • Kentucky$169,896
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Lexington: 14 ZIPs; Kentucky: 598 ZIPs; United States: 26,265 ZIPs).

Context

Inventory is limited in 40502, with 67 homes for sale as of 2026-08-01. Sellers are still adding supply, with 28 new listings in the same snapshot. Pricing sits high, with a median list price of $685,000 and a typical home value of $569,193, up 6.9% over the past year. Homes move at a measured pace, with a median of 44 days on market, and 20.5% of listings have taken a price cut. A well priced home can still find a buyer, but condition and pricing discipline matter.

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