Market Intelligence · KY / Lexington

Lexington, KY 40511 Housing Market

The typical home value in Lexington's 40511 ZIP code is $314,405, up 2.8% over the past year as of August 2026. As of September 2026, the median list price is $372,750 and homes spend a median of 44 days on the market.

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. 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 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 40511 market had 72 homes for sale as of September 2026, with 44 new listings coming on during that period. The median list price of $372,750 sits well above the typical home value of $314,405, which has grown 2.8% over the past year. About 14.8% of listings had a price cut as of September 2026, so some sellers are adjusting their asking prices. A median of 44 days on market suggests homes are selling at a measured pace. For a seller, pricing close to actual market value from the start matters more than aiming high.

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Down payment20% · $62,650

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Common questions

What people ask us.

How much is a home in 40511 worth?

The typical home value in 40511 is $314,405, up 2.8% over the past year as of August 2026.

How fast are homes selling in 40511?

Homes in 40511 spent a median of 44 days on the market as of September 2026.

How many homes are for sale in 40511?

There were 72 homes for sale in 40511 as of September 2026, with 44 new listings added during that period.

Discover

Nearby ZIP markets.

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