How much is a home in 40508 worth?

The typical home value in Lexington, KY 40508 is $228,787, up 1.7% over the past year.

How long are homes taking to sell in 40508?

The median days on market is 53. Sellers should price for buyers who are comparing several listings.

Are sellers cutting prices in 40508?

19.8% of listings have a price cut, while 56 homes are for sale. That points to a market where accuracy at list matters.

Market Intelligence · KY / Lexington

Lexington, KY 40508 Housing Market

In Lexington, KY 40508, the typical home value is $228,787, up 1.7% over the past year. The median list price is $280,000, and homes have a median of 53 days on market.

Updated August 2026Median value$229K

The median home value in Lexington, KY 40508 is $229K as of August 2026, up 1.7% 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

$210K to $247K

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

+1.7% over 12 months

Aug 2025$225K

Low $225KHigh $229K

Aug 2026$229K

The numbers

What is the 40508 housing market like?

As of August 2026

Typical home value

$229K

1.7%YoY

Median list price

$280K

2.1%MoM

Days on market

3.6%MoM

Homes for sale

3.4%MoM

Price cuts

19.8%

36.7%MoM

New listings

37.5%MoM

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

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The comparison

How do 40508 home prices compare?

40508$228,787
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

There are 56 homes for sale in 40508, with 20 new listings. The median list price is $280,000 while the typical home value is $228,787, up 1.7% over the past year. A median of 53 days on market suggests buyers have some time to compare options. With 19.8% of listings showing a price cut, sellers should expect scrutiny on condition and pricing. The honest read is that well priced homes can still sell, but overshooting the market can stall.

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