Market Intelligence · KY / Lexington

Lexington, KY 40516 Housing Market

The typical home value in Lexington's 40516 ZIP code is $347,925, up 2.7% over the past year. Homes here are taking a median of 73 days on the market. The median list price sits at $1,466,250, well above the typical value.

Updated June 2026Median value$348K

The median home value in Lexington, KY 40516 is $348K as of June 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.

Get a cash offer

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 40516 range

$320K to $376K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 40516 market stats. Unsubscribe anytime.

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

12-month value trend

+2.7% over 12 months

Typical home value in 40516 over the last 12 months: $339K in Jun 2025 to $348K in Jun 2026 (+2.7%).

Jun 2025$339K

Jun 2026$348K

The numbers

What is the 40516 housing market like?

Typical home value

$348K

Up2.7%YoY

Median list price

$1.47M

Days on market

73

Up82.5%MoM

Homes for sale

5

Price cuts

29.1%

New listings

0

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

Free home value report

See what your 40516 home is worth.

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

The comparison

How do 40516 home prices compare?

  • 40516$347,925
  • Lexington$364,241
  • Kentucky$171,624
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Lexington: 14 ZIPs; Kentucky: 598 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there were 5 homes for sale in 40516, with 0 new listings recorded. The median list price of $1,466,250 is far higher than the typical home value of $347,925, which suggests the small pool of active listings skews toward higher-end properties. Homes are sitting for a median of 73 days, and 29.1% of listings have taken a price cut. For sellers, this points to a slow market where realistic pricing and patience matter.

Monthly payment

Estimate your monthly payment.

20% · $69,585

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.