Market Intelligence · KY / Lexington

Lexington, KY 40507 Housing Market

The typical home value in Lexington, KY 40507 is $411,087, up 9.2% over the past year. Homes listed for sale in the area have a median list price of $627,500, with a median time on market of 117 days.

Updated September 2026Median value$411K

The median home value in Lexington, KY 40507 is $411K as of September 2026, up 9.2% 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 40507 range

$378K to $444K

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

+9.2% over 12 months

Sep 2025$376K

Low $376KHigh $411K

Sep 2026$411K

The numbers

What is the 40507 housing market like?

As of September 2026

Typical home value

$411K

9.2%YoY

Median list price

$628K

32.1%MoM

Days on market

117

37.6%MoM

Homes for sale

5.9%MoM

Price cuts

9.5%

New listings

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

The outlook

40507 housing market forecast 2027

+2.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40507 to rise 2.2% by September 2027.

Over the 12 months through September 2026, typical home values in 40507 rose 9.2%, per the Zillow Home Value Index.

Will home prices drop in 40507?

Zillow's forecast does not call for a drop: it expects typical home values in 40507 to rise 2.2% by September 2027, after a 9.2% 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 40507 home prices compare?

40507$411,087
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 16 homes for sale in 40507, with 4 new listings that month. The median list price sits at $627,500, while homes are staying on the market for a median of 117 days. Despite the year-over-year gain of 9.2% in typical home value, the extended listing duration suggests buyers are taking their time to decide, which may put pressure on sellers to be realistic about pricing and condition.

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Common questions

What people ask us.

What is the typical home value in 40507?

The typical home value is $411,087, reflecting a 9.2% increase over the past year.

How long do homes stay on the market here?

Homes in 40507 have a median days on market of 117 as of September 2026.

How many homes are currently for sale?

There are 16 homes for sale, with 4 new listings as of September 2026.

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Nearby ZIP markets.

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