Market Intelligence · KY / Lexington

Lexington, KY 40503 Housing Market

In Lexington, Kentucky 40503, the typical home value is $344,639, up 3.5% over the past year. The median list price sits at $383,225, with homes spending a median of 37 days on the market.

Updated September 2026Median value$345K

The median home value in Lexington, KY 40503 is $345K as of September 2026, up 3.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 40503 range

$317K to $372K

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

+3.5% over 12 months

Sep 2025$333K

Low $333KHigh $345K

Sep 2026$345K

The numbers

What is the 40503 housing market like?

As of September 2026

Typical home value

$345K

3.5%YoY

Median list price

$383K

3.0%MoM

Days on market

15.6%MoM

Homes for sale

25.0%MoM

Price cuts

16.7%

8.4%MoM

New listings

42.9%MoM

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

The outlook

40503 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40503 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 40503 rose 3.5%, per the Zillow Home Value Index.

Will home prices drop in 40503?

Zillow's forecast does not call for a drop: it expects typical home values in 40503 to rise 2.0% by September 2027, after a 3.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 40503 home prices compare?

40503$344,639
Lexington$356,800
Kentucky$168,346
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Lexington: 14 ZIPs; Kentucky: 598 ZIPs; United States: 26,262 ZIPs).

Context

The market in 40503 shows moderate activity. As of September 2026, there are 50 homes for sale and 40 new listings have come to market. The median days on market of 37 suggests reasonable absorption. However, 16.7% of listings have received a price cut, which indicates some sellers are adjusting to current conditions. If you're considering selling, expect a market where positioning and pricing matter.

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Home price

Down payment20% · $68,928

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Common questions

What people ask us.

What is the typical home value in 40503?

The typical home value is $344,639, up 3.5% over the past year as of September 2026.

How quickly do homes sell in this ZIP?

Homes spend a median of 37 days on the market in 40503.

What are homes listed for in 40503?

The median list price is $383,225 as of September 2026.

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