The story of this market
The typical home in ZIP 40511 sells for about $316,813, or $183 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 5 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,302 a month.
ZIP 40511 — Lexington
The 40511 housing market shows steady growth with a median home value of $316,813 and a low median days on market of 5 days. High demand and limited inventory are driving competitive conditions, with a sale-to-list ratio of 101%. The market remains active as buyers continue to seek value within the Lexington metropolitan area.
This ZIP is well-suited for a mix of families, commuters, and investors, offering a balance of affordability and accessibility to the broader Lexington metropolitan area.
Median prices moved up 2.4% year over year.
Homes spend a median of 5 days on market with 7.8 months of supply — a fast-moving market.
43% of listings have cut prices · homes sell at 101% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 14.7% — 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 9.1%/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 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40511, 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.
Schools in the area are part of the Fayette County Public Schools district, which serves a diverse student population with varying performance metrics across individual campuses.
The area is subject to standard regional climate risks including seasonal severe thunderstorms and occasional flooding in low-lying areas near local waterways.
Lexington's economy is anchored by the University of Kentucky, healthcare systems, and a growing technology and manufacturing sector, driving steady demand for housing.
Property taxes are assessed by the Fayette County Property Valuation Administrator based on fair cash value, with rates set by local taxing jurisdictions including the city and school district.
Residents in 40511 benefit from proximity to major corridors like I-64 and I-75, providing relatively efficient access to downtown Lexington and surrounding employment hubs.
The area features access to local parks and green spaces, with proximity to the amenities of downtown Lexington, including shopping, dining, and cultural venues.
The rental market remains competitive with rising demand, though vacancy rates are influenced by the significant student population and local employment growth.
The economy is driven by the University of Kentucky, healthcare, and a diverse mix of manufacturing and service-sector employers.
The area is served by a network of major highways and local transit options, facilitating regional connectivity.
Development is focused on infill projects and residential expansion to accommodate population growth.
The Fayette County Property Valuation Administrator conducts annual assessments to ensure property values reflect current market conditions.
Parcels are subject to Fayette County Public Schools and various municipal utility districts.
Property insurance premiums are influenced by regional weather patterns and standard risk assessments for the Bluegrass region.
Data retrieved from U.S. Census Bureau ACS 5-year estimates for ZCTA 40511.
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.
- Malibu Jack's Lexington4.78.7 mi
- LexLive45.3 mi
- Sky Zone Trampoline Park4.510.3 mi
- Southland Lanes4.37.8 mi
- Battle Axes, LLC Lexington KY4.53.8 mi
- Kentucky Horse Park4.72 mi
- Rupp Arena4.65.2 mi
- Keeneland Association Inc4.87.8 mi
- Kroger Field4.77.1 mi
- Red Mile Gaming & Racing4.15.8 mi
- Kentucky Horse Park4.72 mi
- Keeneland Association Inc4.87.8 mi
- Masterson Station Park4.63.2 mi
- Evans Orchard and Cider Mill4.65.9 mi
- Cinemark Fayette Mall and XD4.49.9 mi
- Woodford Reserve Distillery4.816.8 mi
- Otis A. Singletary Center for the Arts4.76 mi
- Mary Todd Lincoln House4.65.1 mi
- Ashland - The Henry Clay Estate4.76.7 mi
- Lexington Children’s Museum4.15.2 mi
- Kentucky Horse Park Campground4.61.4 mi
- Masterson Station Park4.63.2 mi
- The Arboretum, State Botanical Garden of Kentucky4.87.6 mi
- Jacobson Park4.610.5 mi
- McConnell Springs Park4.75 mi
- Kearney Hill Golf Links4.31.9 mi
- University Club Of Kentucky4.35.9 mi
- Lakeside Golf Course4.29.9 mi
- Cherry Blossom Golf Club47.7 mi
- Houston Oaks Golf Course4.411.7 mi
- Fayette Mall4.39.5 mi
- Publix Super Market at Citation Point4.42.2 mi
- Meijer4.38.5 mi
- Meijer4.39.1 mi
- T.J. Maxx4.38.3 mi
- Blue Grass Airport4.68.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Central hub for retail and entertainment.
Various neighborhood parks providing green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.