Market Intelligence · KY / Lexington

Lexington, KY 40517 Housing Market

The typical home value in Lexington, KY 40517 is $256,054, up 3.3% over the past year. The median list price is $290,000, and homes are taking a median 34 days to sell. That points to steady demand with room for negotiation.

Updated August 2026Median value$256K

The median home value in Lexington, KY 40517 is $256K as of August 2026, up 3.3% 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 40517 range

$236K to $277K

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

+3.3% over 12 months

Typical home value in 40517 over the last 12 months: $248K in Aug 2025 to $256K in Aug 2026 (+3.3%).

Aug 2025$248K

Aug 2026$256K

The numbers

What is the 40517 housing market like?

Typical home value

$256K

Up3.3%YoY

Median list price

$290K

Down3.2%MoM

Days on market

34

Flat0.0%MoM

Homes for sale

53

Up32.5%MoM

Price cuts

24.4%

Up8.5%MoM

New listings

40

Up33.3%MoM

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

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The comparison

How do 40517 home prices compare?

  • 40517$256,054
  • 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

Inventory in 40517 is limited, with 53 homes for sale and 40 new listings. The median list price is $290,000, while the typical home value is $256,054, up 3.3% over the past year. A median 34 days on market shows buyers are still moving, but 24.4% of listings have taken a price cut. Sellers should expect interest when pricing is close to recent value, and pushback when the ask runs ahead of it. The practical takeaway is to price carefully from the start.

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