Market Intelligence · KY / Lexington

Lexington, KY 40504 Housing Market

In Lexington, KY 40504, the typical home value is $272,343, up 5.1% over the past year as of August 2026. Sellers were listing at a median of $283,500 in September 2026, and homes spent a median 43 days on market.

Updated September 2026Median value$269K

The median home value in Lexington, KY 40504 is $269K as of September 2026, up 4.9% 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 40504 range

$248K to $291K

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

+4.9% over 12 months

Sep 2025$257K

Low $257KHigh $269K

Sep 2026$269K

The numbers

What is the 40504 housing market like?

As of September 2026

Typical home value

$269K

4.9%YoY

Median list price

$284K

5.0%MoM

Days on market

34.4%MoM

Homes for sale

7.9%MoM

Price cuts

12.6%

50.2%MoM

New listings

21.4%MoM

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

The outlook

40504 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40504 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 40504 rose 4.9%, per the Zillow Home Value Index.

Will home prices drop in 40504?

Zillow's forecast does not call for a drop: it expects typical home values in 40504 to rise 2.1% by September 2027, after a 4.9% 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 40504 home prices compare?

40504$269,418
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

September 2026 brought 41 homes for sale and 22 new listings in Lexington, KY 40504, so buyers had fresh choices without a flood of inventory. The median list price was $283,500, while the typical home value was $272,343 in August 2026, up 5.1% over the past year. Homes moved at a measured pace, with a median 43 days on market. Price reductions were present but not widespread, with 12.6% of listings showing a cut in September 2026. A realistic opening price helps a seller avoid chasing the market later.

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Down payment20% · $53,884

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Common questions

What people ask us.

How much is a home in 40504 worth?

The typical home value in Lexington, KY 40504 is $272,343 as of August 2026, up 5.1% over the past year.

How fast are homes selling in 40504?

Homes in 40504 spent a median 43 days on market as of September 2026. The median list price was $283,500.

Are sellers cutting prices in 40504?

In September 2026, 12.6% of listings in 40504 had a price cut. That is a minority of listings, but it shows some sellers needed to adjust.

Discover

Nearby ZIP markets.

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