Market Intelligence · KY / Lexington

Lexington, KY 40505 Housing Market

The typical home in Lexington, KY 40505 is worth $230,816, up 3.6% over the past year. The median list price sits at $279,900, and homes are spending a median of 36 days on the market. As of 2026-08-01, there are 41 homes for sale in the ZIP.

Updated August 2026Median value$231K

The median home value in Lexington, KY 40505 is $231K as of August 2026, up 3.6% 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.

Get a cash offer

Sell without the wait

Sell your Lexington home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 40505 range

$212K to $249K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 40505 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Lexington, KY.

12-month value trend

+3.6% over 12 months

Typical home value in 40505 over the last 12 months: $223K in Aug 2025 to $231K in Aug 2026 (+3.6%).

Aug 2025$223K

Aug 2026$231K

The numbers

What is the 40505 housing market like?

Typical home value

$231K

Up3.6%YoY

Median list price

$280K

Down6.2%MoM

Days on market

36

Up33.3%MoM

Homes for sale

41

Up28.1%MoM

Price cuts

20.5%

Down5.8%MoM

New listings

28

Down30.0%MoM

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

Free home value report

See what your 40505 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 40505 home prices compare?

  • 40505$230,816
  • 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

The typical home value in 40505 is $230,816, up 3.6% over the past year, which points to steady appreciation. The median list price is $279,900, above the typical value, and homes are moving in a median of 36 days. There are 41 homes for sale and 28 new listings, so buyers have fresh options coming to market. Meanwhile, 20.5% of listings have taken a price cut, meaning a meaningful share of sellers are adjusting expectations. For a seller, pricing close to what the data supports from day one is the surest path to a timely sale.

Monthly payment

Estimate your monthly payment.

20% · $46,163

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.