The story of this market
The typical home in ZIP 40392 sells for about $244,000, or $145 per square foot.
Prices are up +1.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 40392 — Winchester
The housing market in 40392 remains stable with modest year-over-year price appreciation, reflecting the broader trends in the Lexington-Fayette MSA. Demand is supported by affordability relative to the urban core, though inventory levels remain constrained. Buyers are active but cautious, balancing interest rates against the limited supply of available homes.
This area is well-suited for families and commuters seeking a more affordable cost of living compared to the Lexington urban core while maintaining access to regional employment and amenities.
Median prices moved up 1.2% year over year.
Homes spend a median of 45 days on market with 4.5 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 14.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40392, Clark County KY
Crime rates in the Winchester area are generally consistent with regional averages for small Kentucky cities, with property crime being the primary concern. Local law enforcement maintains active community outreach to manage safety trends.
Public schools are served by the Clark County School District, which provides a standard range of educational services; performance ratings are generally moderate compared to the broader Lexington-Fayette metropolitan area.
The area is subject to standard regional risks including seasonal severe thunderstorms and occasional flooding in low-lying areas near the Kentucky River. Property insurance remains stable but is sensitive to national trends in weather-related claims.
Economic momentum is tied to the broader Lexington-Fayette MSA, with local growth supported by manufacturing and service-sector employers in Clark County. Infrastructure improvements focus on maintaining connectivity to the Lexington employment core.
Property taxes are assessed by Clark County based on fair cash value, with rates determined by local taxing districts including the county, city, and school district. Exemptions are available for homesteads and disability status per Kentucky state law.
Commuters typically utilize the I-64 corridor for travel toward the Lexington employment core, with average drive times ranging from 25 to 35 minutes depending on traffic conditions.
Residents have access to local parks, the historic downtown Winchester district, and proximity to outdoor recreation along the Kentucky River. Shopping and dining options are concentrated along the main commercial corridors within the city.
The rental market is characterized by steady demand from local workers and those commuting to Lexington, with limited new multi-family supply keeping vacancy rates relatively low.
The economy is anchored by manufacturing, healthcare, and retail sectors, with many residents commuting to the larger Lexington-Fayette metropolitan area for employment.
Transportation is primarily highway-dependent, with I-64 serving as the main artery connecting the area to the regional employment hub of Lexington.
Development is focused on incremental residential growth and the expansion of industrial capacity to support local job creation.
The Clark County Property Valuation Administrator (PVA) conducts periodic assessments to ensure property values reflect current market conditions.
Parcels are subject to Clark County School District taxes and various local utility and fire protection district assessments.
Property insurance premiums are influenced by regional weather patterns and the age of housing stock, with standard coverage widely available.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Historic district featuring local businesses and dining.
Community park providing green space and recreational facilities.
Hosts regional events and community gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.