Home ValuePros

Market Intelligence · KY / Lexington

Lexington, KY 40508 Housing Market

The typical home value in Lexington's 40508 ZIP code is $232,960, up 0.4% over the past year. The median list price sits at $296,100, and homes are taking a median of 52 days on market.

Updated June 2026Median value$233K

The median home value in Lexington, KY 40508 is $233K as of June 2026, up 0.4% 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 40508 range

$214K to $252K

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

+0.4% over 12 months

Typical home value in 40508 over the last 12 months: $232K in Jun 2025 to $233K in Jun 2026 (+0.4%).

Jun 2025$232K

Jun 2026$233K

The numbers

What is the 40508 housing market like?

Typical home value

$233K

Up0.4%YoY

Median list price

$296K

Days on market

52

Up48.6%MoM

Homes for sale

51

Price cuts

19.5%

New listings

16

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

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The comparison

How do 40508 home prices compare?

  • 40508$232,960
  • 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 2026, there are 51 homes for sale in 40508, with 16 new listings added. The median list price is $296,100, while the typical home value is $232,960, up 0.4% over the past year. Homes are spending a median of 52 days on market, and 19.5% of listings have had a price cut. For sellers, this is a slow-moving market where pricing carefully from the start matters more than testing a high number.

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