Market Intelligence · KY / Lexington

Lexington, KY 40511 Housing Market

Homes in Lexington, KY 40511 have a typical value of $313,248, up 2.7% over the past year. The median list price stands at $372,750, with homes taking a median of 44 days to sell as of September 2026.

Updated September 2026Median value$313K

The median home value in Lexington, KY 40511 is $313K as of September 2026, up 2.7% 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 40511 range

$288K to $338K

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

+2.7% over 12 months

Sep 2025$305K

Low $305KHigh $313K

Sep 2026$313K

The numbers

What is the 40511 housing market like?

As of September 2026

Typical home value

$313K

2.7%YoY

Median list price

$373K

0.6%MoM

Days on market

0.0%MoM

Homes for sale

1.4%MoM

Price cuts

14.8%

17.7%MoM

New listings

15.4%MoM

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

The outlook

40511 housing market forecast 2027

+1.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40511 to rise 1.9% by September 2027.

Over the 12 months through September 2026, typical home values in 40511 rose 2.7%, per the Zillow Home Value Index.

Will home prices drop in 40511?

Zillow's forecast does not call for a drop: it expects typical home values in 40511 to rise 1.9% by September 2027, after a 2.7% 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 40511 home prices compare?

40511$313,248
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

The market in 40511 has 72 homes for sale, with 44 new listings added in September 2026. About 14.8% of listings have seen a price cut, suggesting some sellers are adjusting expectations. The median days on market at 44 indicates a moderate pace of sales. While the typical home value gained 2.7% annually, the share of discounted listings shows that pricing remains a negotiation point for some properties.

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Common questions

What people ask us.

What is the typical home value in 40511?

The typical home value is $313,248 as of September 2026, up 2.7% over the past year.

How long do homes typically stay on the market in 40511?

Homes take a median of 44 days to sell in this ZIP code as of September 2026.

What percentage of listings have had price cuts?

About 14.8% of listings in 40511 have had a price cut as of September 2026.

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