Zip 40504 (Lexington-Fayette, KY) Housing

The housing market in 40504 Lexington-Fayette, KY is thriving. The current median value of a home in the area is $217,900, which is significantly lower than the US house median value of $338,100. In terms of appreciation, homes in the 40504 zip code have appreciated 11.96% over the past year compared to the US average appreciation rate of 8.27%. This indicates that homes in this area are appreciating at a faster rate than other areas across the country, making it an attractive choice for potential buyers.

The median home cost in Lexington-Fayette (zip 40504) is $217,900. Home appreciation the last 10 years has been 81.5%. Home Appreciation in Lexington-Fayette (zip 40504) is up 16.4%.

Average Age of Homes

- The median age of Lexington-Fayette (zip 40504) real estate is 50 years old

The Rental Market in Lexington-Fayette (zip 40504)

- Renters make up 55.3% of the Lexington-Fayette (zip 40504) population
- 3.6% of houses and apartments in Lexington-Fayette (zip 40504), 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
	12,974.0	139,647,020.0
	52	42
	$217,900	$338,100
	16.4%	16.6%
	52.8%	57.0%
	81.5%	101.1%
	$9.49	$10.98
	$1,576	$2,690
	28.9%	57.4%
	8.4%	11.2%
	62.7%	31.4%
Vacant Housing
	3.6%	1.9%
	0.8%	0.4%
	0.0%	0.7%
	0.2%	0.4%
	0.4%	3.6%
	3.5%	4.1%
Value of Owner-Occupied Housing
	3.2%	2.6%
	0.6%	2.4%
	0.0%	2.8%
	1.6%	3.9%
	9.0%	4.5%
	23.7%	11.3%
	28.2%	13.0%
	21.3%	20.1%
	8.0%	13.6%
	1.4%	8.3%
	3.0%	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%
	5.5%	13.6%
	5.5%	13.6%
	12.4%	13.6%
	8.1%	13.2%
	15.4%	14.8%
	12.4%	13.6%
	18.1%	10.0%
	3.5%	4.7%
	3.6%	12.2%

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