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Market Intelligence · KY / Lexington

Lexington, KY 40515 Housing Market

The typical home value in Lexington, KY 40515 is $380,767, up 2.8% over the past year. The median list price stands at $490,448, with homes spending 43 days on market as of September 2026.

Updated September 2026Median value$381K

The median home value in Lexington, KY 40515 is $381K as of September 2026, up 2.8% 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 40515 range

$350K to $411K

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

+2.8% over 12 months

Typical home value in 40515 over the last 12 months: $370K in Sep 2025 to $381K in Sep 2026 (+2.8%).

Sep 2025$370K

Sep 2026$381K

The numbers

What is the 40515 housing market like?

Typical home value

$381K

Up2.8%YoY

Median list price

$490K

Down6.6%MoM

Days on market

43

Up10.3%MoM

Homes for sale

101

Up14.8%MoM

Price cuts

18.0%

Down15.0%MoM

New listings

58

Up31.8%MoM

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

The outlook

40515 housing market forecast 2027

+2.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 40515 to rise 2.1% by September 2027.

Over the 12 months through September 2026, typical home values in 40515 rose 2.8%, per the Zillow Home Value Index.

Will home prices drop in 40515?

Zillow's forecast does not call for a drop: it expects typical home values in 40515 to rise 2.1% by September 2027, after a 2.8% 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 40515 home prices compare?

  • 40515$380,767
  • 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 40515 ZIP has 101 homes currently for sale, with 58 new listings entering the market in September 2026. Approximately 18.0% of listings have seen a price cut, suggesting some seller adjustment in response to market conditions. With a median days on market of 43, homes are taking time to find buyers. The underlying value appreciation of 2.8% year-over-year shows modest growth, but the current inventory and price-cut activity indicate this is a balanced market where sellers should have realistic expectations about timing and pricing.

Monthly payment

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20% · $76,153

Common questions

What people ask us.

What is the typical home value in 40515?

The typical home value in Lexington, KY 40515 is $380,767, representing 2.8% growth over the past year.

How long do homes typically stay on the market here?

As of September 2026, the median days on market is 43 days in this ZIP code.

What share of homes have had price reductions?

Approximately 18.0% of listings in 40515 have experienced a price cut as of September 2026.

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