Market Intelligence · KY / Lexington

Lexington, KY 40509 Housing Market

The typical home value in Lexington, KY 40509 is $403,465, up 2.5% over the past year as of 2026-08-01. Sellers are listing at a median of $489,000, and homes are taking a median of 51 days to go under contract.

Updated August 2026Median value$403K

The median home value in Lexington, KY 40509 is $403K as of August 2026, up 2.5% 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.

Get a cash offer

Sell without the wait

Sell your Lexington home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 40509 range

$371K to $436K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 40509 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Lexington, KY.

12-month value trend

+2.5% over 12 months

Typical home value in 40509 over the last 12 months: $394K in Aug 2025 to $403K in Aug 2026 (+2.5%).

Aug 2025$394K

Aug 2026$403K

The numbers

What is the 40509 housing market like?

Typical home value

$403K

Up2.5%YoY

Median list price

$489K

Down4.0%MoM

Days on market

51

Up10.9%MoM

Homes for sale

135

Up5.5%MoM

Price cuts

30.2%

Up108.6%MoM

New listings

48

Down40.0%MoM

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

Free home value report

See what your 40509 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 40509 home prices compare?

  • 40509$403,465
  • 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 were 135 homes for sale in 40509 as of 2026-08-01, with 48 new listings hitting the market. The median list price of $489,000 sits above the typical home value of $403,465, which is up 2.5% over the past year. A median of 51 days on market means homes are not moving fast, and 30.2% of listings have taken a price cut. For a seller, that points to a market where pricing right from the start matters more than testing a high number.

Monthly payment

Estimate your monthly payment.

20% · $80,693

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.