The story of this market
The typical home in ZIP 40507 sells for about $883,000, or $616 per square foot.
Prices are up +47.7% from a year ago, so sellers still have some momentum. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $862 a month.
ZIP 40507 — Lexington
The 40507 housing market is a highly specialized, low-inventory urban core segment of Lexington. Recent data shows significant price volatility and high price points for luxury condos, reflecting a niche market distinct from the broader Lexington metro area.
This ZIP is best suited for urban professionals, investors, and those seeking a walkable, high-amenity lifestyle in the heart of downtown Lexington.
Median prices moved up 47.7% year over year.
Homes spend a median of 57 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 90.8% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.5% · poverty 23.0% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40507, Fayette County KY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Located in the heart of downtown Lexington, this ZIP offers high walkability and immediate access to the city's primary employment and government centers.
The area features proximity to downtown parks, historic sites, and a dense concentration of urban dining, shopping, and entertainment venues.
The market is characterized by a high density of urban condos and apartments, with significant demand from professionals and students seeking proximity to the city core.
The local economy is anchored by government, education, and professional services, with a strong presence of downtown corporate offices.
The area is served by the city's primary transit corridors and is highly walkable, reducing reliance on personal vehicles for local commutes.
Data sourced from ZIP-Codes.com 2026 update.
- Malibu Jack's Lexington4.73.5 mi
- LexLive40.4 mi
- Sky Zone Trampoline Park4.55.4 mi
- Southland Lanes4.32.7 mi
- Battle Axes, LLC Lexington KY4.52.1 mi
- Kentucky Horse Park4.77.2 mi
- Rupp Arena4.60.5 mi
- Keeneland Association Inc4.86.1 mi
- Kroger Field4.71.8 mi
- Red Mile Gaming & Racing4.11.4 mi
- Kentucky Horse Park4.77.2 mi
- Keeneland Association Inc4.86.1 mi
- Masterson Station Park4.64.9 mi
- Evans Orchard and Cider Mill4.611.2 mi
- Cinemark Fayette Mall and XD4.44.8 mi
- Woodford Reserve Distillery4.817.8 mi
- Otis A. Singletary Center for the Arts4.70.7 mi
- Fort Boonesborough State Park4.516.2 mi
- Mary Todd Lincoln House4.60.5 mi
- Ashland - The Henry Clay Estate4.71.5 mi
- Kentucky Horse Park Campground4.66.7 mi
- Masterson Station Park4.64.9 mi
- The Arboretum, State Botanical Garden of Kentucky4.82.3 mi
- Raven Run Nature Sanctuary4.712.2 mi
- Jacobson Park4.65.7 mi
- Kearney Hill Golf Links4.35.8 mi
- University Club Of Kentucky4.37.8 mi
- Lakeside Golf Course4.25.1 mi
- Tates Creek Golf Course4.14.3 mi
- Connemara Golf Course4.29 mi
- Fayette Mall4.34.4 mi
- Publix Super Market at Citation Point4.43.4 mi
- Meijer4.34.4 mi
- Meijer4.34 mi
- T.J. Maxx4.33.2 mi
- Blue Grass Airport4.66 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The central business and entertainment hub of the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.