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Market Intelligence · KY / Lexington

Lexington, KY 40504 Housing Market

Typical home value in Lexington's 40504 ZIP is $269,418, up 4.9% over the past year. The median list price sits at $283,500, with homes spending a median 43 days on market as of September 2026.

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. 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 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

Typical home value in 40504 over the last 12 months: $257K in Sep 2025 to $269K in Sep 2026 (+4.9%).

Sep 2025$257K

Sep 2026$269K

The numbers

What is the 40504 housing market like?

Typical home value

$269K

Up4.9%YoY

Median list price

$284K

Up5.0%MoM

Days on market

43

Up34.4%MoM

Homes for sale

41

Up7.9%MoM

Price cuts

12.6%

Down50.2%MoM

New listings

22

Down21.4%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

The 40504 area has 41 homes for sale as of September 2026, with 22 new listings entering the market. Homes are staying on the market for a median of 43 days, a moderate pace that reflects steady interest. About 12.6% of listings have seen a price cut, suggesting some sellers are adjusting expectations. The typical home value of $269,418 is up 4.9% year over year, which is modest growth. For homeowners considering a sale, the market is neither particularly tight nor soft, but pricing realistically from the start will matter more than it did a year ago.

Monthly payment

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20% · $53,884

Common questions

What people ask us.

What is the typical home value in 40504?

The typical home value is $269,418, up 4.9% over the past year as of September 2026.

How many homes are currently for sale in 40504?

There are 41 homes for sale as of September 2026, with 22 new listings added that month.

How long do homes typically stay on the market in 40504?

Homes spend a median of 43 days on market as of September 2026.

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