The story of this market
The typical home in ZIP 40514 sells for about $369,950, or $196 per square foot.
Prices are up +3.8% from a year ago, so sellers still have some momentum. Homes take about 39 days to sell. HUD's fair market rent for a two-bedroom is $1,629 a month.
ZIP 40514 — Lexington
The 40514 housing market shows steady appreciation with a median listing price of $369,950. Market activity is driven by demand for established neighborhoods with proximity to major retail and employment centers like the University of Kentucky. Figures provided reflect current listing data for the ZIP code, while broader economic metrics are sourced from the Lexington-Fayette metro area.
This ZIP is well-suited for family buyers and professionals seeking established neighborhoods with convenient access to major local employment hubs and retail centers.
Median prices moved up 3.8% year over year.
Homes spend a median of 39 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 3.7% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40514, 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.
Residents in 40514 benefit from proximity to major corridors, with a commute of approximately 15 minutes to the University of Kentucky and Bluegrass Airport.
The area is located approximately six minutes from The Summit at Fritz Farm, a major shopping and dining destination.
The local economy is anchored by the University of Kentucky and regional transit hubs like Bluegrass Airport.
Data not available at ZCTA level in provided sources.
- Malibu Jack's Lexington4.72.9 mi
- LexLive45.7 mi
- Sky Zone Trampoline Park4.51 mi
- Southland Lanes4.33.3 mi
- Battle Axes, LLC Lexington KY4.56.7 mi
- Kentucky Horse Park4.711.8 mi
- Rupp Arena4.65.8 mi
- Keeneland Association Inc4.84.9 mi
- Kroger Field4.74.3 mi
- Red Mile Gaming & Racing4.14.9 mi
- Kentucky Horse Park4.711.8 mi
- Keeneland Association Inc4.84.9 mi
- Masterson Station Park4.68.3 mi
- Cinemark Fayette Mall and XD4.42 mi
- Raven Run Nature Sanctuary4.711.4 mi
- Woodford Reserve Distillery4.816 mi
- Shaker Village of Pleasant Hill4.714.8 mi
- Otis A. Singletary Center for the Arts4.75.2 mi
- Fort Boonesborough State Park4.517.5 mi
- Mary Todd Lincoln House4.65.9 mi
- Kentucky Horse Park Campground4.611.4 mi
- Masterson Station Park4.68.3 mi
- The Arboretum, State Botanical Garden of Kentucky4.84.1 mi
- Raven Run Nature Sanctuary4.711.4 mi
- Jacobson Park4.67.7 mi
- Chimney Rock Marina4.417.7 mi
- Herrington Lake Marina4.119.7 mi
- Sunset Marina and Resort4.617.3 mi
- Kamp Kennedy Marina4.517.7 mi
- Kearney Hill Golf Links4.39.9 mi
- University Club Of Kentucky4.39.5 mi
- Lakeside Golf Course4.27.5 mi
- Tates Creek Golf Course4.15 mi
- Boone's Trace National Golf Club4.312.8 mi
- Fayette Mall4.32.2 mi
- Publix Super Market at Citation Point4.48.3 mi
- Meijer4.38.3 mi
- Meijer4.32.1 mi
- T.J. Maxx4.32.9 mi
- Blue Grass Airport4.64.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional lifestyle center located within approximately six minutes of the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.