Market Intelligence · KY / Lexington

Lexington, KY 40516 Housing Market

The typical home value in Lexington, KY 40516 is $344,385, up 4.6% over the past year as of 2026-08-01. Sellers in this ZIP listed homes at a median price of $790,000, and homes spent a median of 79 days on the market before selling.

Updated August 2026Median value$344K

The median home value in Lexington, KY 40516 is $344K as of August 2026, up 4.6% 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 40516 range

$317K to $372K

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

+4.6% over 12 months

Typical home value in 40516 over the last 12 months: $329K in Aug 2025 to $344K in Aug 2026 (+4.6%).

Aug 2025$329K

Aug 2026$344K

The numbers

What is the 40516 housing market like?

Typical home value

$344K

Up4.6%YoY

Median list price

$790K

Down36.8%MoM

Days on market

79

Down25.5%MoM

Homes for sale

5

Up25.0%MoM

Price cuts

30.8%

Up115.3%MoM

New listings

0

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

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The comparison

How do 40516 home prices compare?

  • 40516$344,385
  • Lexington$359,886
  • Kentucky$169,896
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Lexington: 14 ZIPs; Kentucky: 598 ZIPs; United States: 26,265 ZIPs).

Context

Home values in 40516 are trending upward, with the typical home value at $344,385, up 4.6% over the past year. The for-sale inventory is thin, with only 5 homes on the market and 0 new listings as of 2026-08-01. The median list price of $790,000 sits well above the typical home value, suggesting the active listings skew toward higher-end properties. Homes took a median of 79 days to sell, and 30.8% of listings had a price cut. For a seller, patience and realistic pricing matter more than the headline list price in this market.

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