Market Intelligence · KY / Lexington

Lexington, KY 40513 Housing Market

The typical home value in Lexington 40513 is $569,824, up 5.7% over the past year. The median list price stands at $753,000, with homes spending a median of 40 days on market.

Updated September 2026Median value$570K

The median home value in Lexington, KY 40513 is $570K as of September 2026, up 5.7% 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.

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 40513 range

$524K to $615K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 40513 market stats. Unsubscribe anytime.

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

12-month value trend

+5.7% over 12 months

Sep 2025$539K

Low $539KHigh $570K

Sep 2026$570K

The numbers

What is the 40513 housing market like?

As of September 2026

Typical home value

$570K

5.7%YoY

Median list price

$753K

0.5%MoM

Days on market

23.1%MoM

Homes for sale

15.4%MoM

Price cuts

21.2%

197.1%MoM

New listings

50.0%MoM

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

The outlook

40513 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40513 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 40513 rose 5.7%, per the Zillow Home Value Index.

Will home prices drop in 40513?

Zillow's forecast does not call for a drop: it expects typical home values in 40513 to rise 2.0% by September 2027, after a 5.7% 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.

Free home value report

See what your 40513 home is worth.

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

The comparison

How do 40513 home prices compare?

40513$569,824
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

Lexington 40513 has 30 homes for sale as of September 2026, with 10 new listings coming to market. The median list price of $753,000 reflects the area's higher-end positioning, while the 40-day median time on market suggests steady buyer interest. A notable trend appears in the price-cut data: 21.2% of listings have seen reductions. Despite the year-over-year value gain of 5.7%, sellers in this ZIP should prepare for a measured pace of showings and real conversations about pricing.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $113,965

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in Lexington 40513?

The typical home value is $569,824, up 5.7% over the past year as of September 2026.

How long do homes typically stay on the market here?

The median days on market is 40 as of September 2026.

What share of homes have seen price cuts?

As of September 2026, 21.2% of listings in this ZIP have a price cut.

Discover

Nearby ZIP markets.

Keep reading