Market Intelligence · KY / Lexington

Lexington, KY 40514 Housing Market

The typical home value in Lexington 40514 is $368,960, up 3.8% over the past year. The median list price sits at $372,400, with homes spending a median of 39 days on market as of September 2026.

Updated September 2026Median value$369K

The median home value in Lexington, KY 40514 is $369K as of September 2026, up 3.8% 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 40514 range

$339K to $398K

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

+3.8% over 12 months

Sep 2025$356K

Low $356KHigh $369K

Sep 2026$369K

The numbers

What is the 40514 housing market like?

As of September 2026

Typical home value

$369K

3.8%YoY

Median list price

$372K

1.6%MoM

Days on market

5.4%MoM

Homes for sale

14.3%MoM

Price cuts

31.4%

15.6%MoM

New listings

12.5%MoM

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

The outlook

40514 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40514 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 40514 rose 3.8%, per the Zillow Home Value Index.

Will home prices drop in 40514?

Zillow's forecast does not call for a drop: it expects typical home values in 40514 to rise 1.8% by September 2027, after a 3.8% 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 40514 home prices compare?

40514$368,960
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 40514 ZIP has 32 homes for sale and 18 new listings as of September 2026. Nearly a third of listings, specifically 31.4%, have seen price cuts. With homes moving at a median pace of 39 days on market and prices up 3.8% year-over-year, this market shows mixed signals. The frequency of price cuts suggests some sellers are adjusting expectations to match buyer demand, even as values have grown.

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Down payment20% · $73,792

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Common questions

What people ask us.

What is the typical home value in 40514?

The typical home value in 40514 is $368,960 as of September 2026, representing a 3.8% increase over the past year.

How many homes are on the market in 40514?

There are 32 homes for sale in 40514, with 18 new listings as of September 2026.

How long do homes stay on the market in 40514?

The median days on market in 40514 is 39 days as of September 2026.

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