How much is a home in 40504 worth?

The typical home value in 40504 is $272,343, up 5.1% over the past year as of 2026-08-01. The median list price is $270,000.

How fast do homes sell in 40504?

Homes in 40504 spend a median of 32 days on the market as of 2026-08-01.

Are sellers cutting prices in 40504?

Yes. 25.3% of listings in 40504 have had a price cut as of 2026-08-01, even as the typical home value has risen 5.1% over the past year.

Market Intelligence · KY / Lexington

Lexington, KY 40504 Housing Market

The typical home in Lexington's 40504 ZIP code is worth $272,343, up 5.1% over the past year as of 2026-08-01. The median list price is $270,000, and homes spend a median of 32 days on the market.

Updated August 2026Median value$272K

The median home value in Lexington, KY 40504 is $272K as of August 2026, up 5.1% 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

$251K to $294K

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

+5.1% over 12 months

Aug 2025$259K

Low $259KHigh $272K

Aug 2026$272K

The numbers

What is the 40504 housing market like?

As of August 2026

Typical home value

$272K

5.1%YoY

Median list price

$270K

0.6%MoM

Days on market

28.9%MoM

Homes for sale

35.7%MoM

Price cuts

25.3%

3.3%MoM

New listings

7.7%MoM

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

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The comparison

How do 40504 home prices compare?

40504$272,343
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

There are 38 homes for sale in 40504, with 28 new listings coming on as of 2026-08-01. Homes are moving at a median of 32 days on market, which points to steady buyer demand rather than a stalled market. Still, 25.3% of listings have taken a price cut, so not every home is selling at its original ask. The typical home value of $272,343 is up 5.1% over the past year, which suggests prices overall are holding firm. For a seller, the read is straightforward: homes priced right are selling, but overpriced listings get discounted.

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