Market Intelligence · KY / Lexington

Lexington, KY 40505 Housing Market

The typical home value in Lexington's 40505 ZIP code is $235,440, up 3.2% over the past year. The median list price sits at $281,400, and homes are taking a median of 47 days on market as of June 1, 2026.

Updated June 2026Median value$235K

The median home value in Lexington, KY 40505 is $235K as of June 2026, up 3.2% 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 40505 range

$217K to $254K

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

+3.2% over 12 months

Typical home value in 40505 over the last 12 months: $228K in Jun 2025 to $235K in Jun 2026 (+3.2%).

Jun 2025$228K

Jun 2026$235K

The numbers

What is the 40505 housing market like?

Typical home value

$235K

Up3.2%YoY

Median list price

$281K

Days on market

47

Down5.1%MoM

Homes for sale

28

Price cuts

20.4%

New listings

20

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 40505 home prices compare?

  • 40505$235,440
  • Lexington$364,241
  • Kentucky$171,624
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Lexington: 14 ZIPs; Kentucky: 598 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 28 homes for sale in 40505, with 20 new listings added recently. The median list price is $281,400, while the typical home value is $235,440, up 3.2% over the past year. Homes here take a median of 47 days to sell, and 20.4% of listings have had a price cut. For sellers, the market is moving at a steady pace, so pricing carefully and preparing for some negotiation is a reasonable approach.

Monthly payment

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20% · $47,088

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