Market Intelligence · KY / Lexington

Lexington, KY 40505 Housing Market

The typical home in Lexington 40505 is worth $227,990, up 3.5% over the past year. Homes on the market are listed at a median price of $285,000 and spend a median of 39 days to sell.

Updated September 2026Median value$228K

The median home value in Lexington, KY 40505 is $228K 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 40505 range

$210K to $246K

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$220K

Low $220KHigh $228K

Sep 2026$228K

The numbers

What is the 40505 housing market like?

As of September 2026

Typical home value

$228K

3.5%YoY

Median list price

$285K

1.8%MoM

Days on market

8.3%MoM

Homes for sale

12.2%MoM

Price cuts

26.9%

31.0%MoM

New listings

14.3%MoM

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

The outlook

40505 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40505 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 40505 rose 3.5%, per the Zillow Home Value Index.

Will home prices drop in 40505?

Zillow's forecast does not call for a drop: it expects typical home values in 40505 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 40505 home prices compare?

40505$227,990
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

As of September 2026, there are 46 homes for sale in this ZIP, with 24 new listings recently added. The median days on market stands at 39, suggesting homes are moving at a moderate pace. Nearly 27% of listings have seen a price cut, which indicates some pricing adjustments as sellers test the market. The gap between median list price and typical home value points to a market where not all asking prices are holding firm. Sellers should be realistic about pricing to attract interest.

Monthly payment

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Home price

Down payment20% · $45,598

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Common questions

What people ask us.

What is the typical home value in 40505?

The typical home in this ZIP is worth $227,990, representing a 3.5% increase over the past year.

How many homes are currently for sale in 40505?

There are 46 homes for sale as of September 2026, with 24 new listings recently added.

How long do homes typically stay on the market here?

The median days on market is 39, showing a moderate selling pace.

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