Zip 40517 (Lexington-Fayette, KY) Housing

Housing in 40517 Lexington-Fayette, KY is very strong - the median value of a house currently sits at $205,500, which is significantly lower than the US median value of $338,100. Homeowners in the area have seen an 11.96% increase in home value over the past year, which far exceeds the national average of 8.27%. This trend suggests that housing values will likely continue to climb in the coming years. The current market conditions are ideal for potential buyers and sellers in this region.

The median home cost in Lexington-Fayette (zip 40517) is $205,500. Home appreciation the last 10 years has been 81.5%. Home Appreciation in Lexington-Fayette (zip 40517) is up 16.4%.

Average Age of Homes

- The median age of Lexington-Fayette (zip 40517) real estate is 39 years old

The Rental Market in Lexington-Fayette (zip 40517)

- Renters make up 56.1% of the Lexington-Fayette (zip 40517) population
- 2.0% of houses and apartments in Lexington-Fayette (zip 40517), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lexington-Fayette, Kentucky	United States
	18,172.0	139,647,020.0
	42	42
	$205,500	$338,100
	16.4%	16.6%
	52.8%	57.0%
	81.5%	101.1%
	$9.56	$10.98
	$1,402	$2,690
	33.9%	57.4%
	7.7%	11.2%
	58.4%	31.4%
Vacant Housing
	2.0%	1.9%
	0.6%	0.4%
	0.4%	0.7%
	0.6%	0.4%
	0.4%	3.6%
	3.6%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	0.2%	2.4%
	1.0%	2.8%
	2.2%	3.9%
	7.3%	4.5%
	40.5%	11.3%
	28.1%	13.0%
	15.7%	20.1%
	3.0%	13.6%
	0.2%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.3%	13.6%
	5.3%	13.6%
	14.8%	13.6%
	24.3%	13.2%
	34.6%	14.8%
	14.8%	13.6%
	3.3%	10.0%
	0.8%	4.7%
	0.9%	12.2%

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