The story of this market
The typical home in ZIP 40516 sells for about $360,000, or $186 per square foot.
Prices are down 2.41% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,114 a month.
ZIP 40516 — Lexington
The housing market in 40516 reflects the broader Lexington-Fayette area, which is currently experiencing mild price softness and a slower sales pace. Year-over-year median prices have declined slightly, while inventory remains steady, providing buyers with more time to evaluate options.
Median prices moved down 2.4% year over year.
Homes spend a median of 65 days on market with 3.2 months of supply — a fast-moving market.
44% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.5% · poverty 15.5% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40516, Lexington 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.
Data retrieved from zipdatamaps.com and zips.us.com
- Malibu Jack's Lexington4.79.5 mi
- LexLive47.6 mi
- Sky Zone Trampoline Park4.511.6 mi
- Southland Lanes4.39.2 mi
- Battle Axes, LLC Lexington KY4.58.4 mi
- Kentucky Horse Park4.710.2 mi
- Rupp Arena4.67.6 mi
- Keeneland Association Inc4.813.2 mi
- Kroger Field4.78.2 mi
- Red Mile Gaming & Racing4.18.6 mi
- Kentucky Horse Park4.710.2 mi
- Masterson Station Park4.610.5 mi
- Evans Orchard and Cider Mill4.611.8 mi
- Cinemark Fayette Mall and XD4.410.7 mi
- Regal Hamburg Pavilion4.44.1 mi
- Fort Boonesborough State Park4.512.8 mi
- Otis A. Singletary Center for the Arts4.77.7 mi
- Mary Todd Lincoln House4.67.6 mi
- Ashland - The Henry Clay Estate4.76.8 mi
- Lexington Children’s Museum4.17.4 mi
- Kentucky Horse Park Campground4.69.7 mi
- Masterson Station Park4.610.5 mi
- The Arboretum, State Botanical Garden of Kentucky4.88.3 mi
- Raven Run Nature Sanctuary4.712.3 mi
- Jacobson Park4.66.5 mi
- Kearney Hill Golf Links4.310.2 mi
- Lakeside Golf Course4.26.2 mi
- Houston Oaks Golf Course4.48.3 mi
- Tates Creek Golf Course4.18.1 mi
- Boone's Trace National Golf Club4.312.3 mi
- Fayette Mall4.310.3 mi
- Publix Super Market at Citation Point4.48.1 mi
- Meijer4.34.5 mi
- Meijer4.310.3 mi
- T.J. Maxx4.39.5 mi
- Blue Grass Airport4.613.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.