The story of this market
The typical home in ZIP 40513 sells for about $535,000, or $173 per square foot.
Prices are up +5.7% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,416 a month.
ZIP 40513 — Lexington
The 40513 housing market remains stable with steady demand for single-family homes, supported by a strong local economy and high educational attainment. While inventory remains tight, price growth has moderated compared to previous years, reflecting a balanced environment for buyers and sellers.
This ZIP is ideal for established families and professionals seeking suburban living with convenient access to Lexington's employment hubs and quality school districts.
Median prices moved up 5.7% year over year.
Homes spend a median of 38 days on market with 3.5 months of supply — a fast-moving market.
16% 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 2.5% · poverty 3.4% — 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 4.4%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 40513, 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.
Lexington maintains a moderate crime profile consistent with regional urban centers, with safety varying significantly by neighborhood. Reported trends remain stable, though property crime remains a primary focus for local law enforcement.
The area is served by the Fayette County Public Schools system, which generally receives mixed to positive ratings, with several highly regarded elementary and middle schools located in the southwestern suburbs.
The region faces moderate risks from severe thunderstorms and occasional flooding in low-lying areas, though it is generally shielded from major coastal or wildfire hazards.
Lexington's economy is anchored by the University of Kentucky, healthcare systems, and a robust manufacturing and logistics sector, driving steady development in the suburban periphery.
Property taxes are assessed by Fayette County based on fair market value, with rates determined by the state, county, and school district levies; no state-level property tax exists.
Residents in 40513 typically rely on personal vehicles for commuting, with major corridors like Harrodsburg Road providing direct access to downtown Lexington and the University of Kentucky area.
The ZIP features proximity to several community parks, golf courses, and shopping centers along the Harrodsburg Road corridor, offering convenient access to local dining and retail.
The rental market is characterized by steady demand driven by university students and young professionals, with moderate vacancy pressure and a mix of apartment complexes and single-family rentals.
The local economy is driven by the University of Kentucky, healthcare providers like UK HealthCare, and a diverse mix of manufacturing and professional services.
Lexington is served by Lextran bus services, though the area is primarily auto-dependent with major highway access via New Circle Road.
Ongoing residential and mixed-use infill projects are common along the major arterial roads bordering the ZIP.
The Fayette County Property Valuation Administrator (PVA) conducts annual assessments to ensure property values reflect current market conditions.
Parcels are subject to Fayette County Public Schools district taxes and various municipal service districts.
Property insurance premiums are influenced by regional weather patterns, with standard coverage typically including wind and hail protection.
Data retrieved from data.census.gov 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.
- Malibu Jack's Lexington4.75.4 mi
- LexLive46.6 mi
- Sky Zone Trampoline Park4.54.4 mi
- Southland Lanes4.35.3 mi
- Battle Axes, LLC Lexington KY4.56.6 mi
- Kentucky Horse Park4.710.7 mi
- Rupp Arena4.66.7 mi
- Keeneland Association Inc4.82.3 mi
- Kroger Field4.76.1 mi
- Red Mile Gaming & Racing4.15.6 mi
- Kentucky Horse Park4.710.7 mi
- Woodford Reserve Distillery4.812.6 mi
- Keeneland Association Inc4.82.3 mi
- Wild Turkey Distillery Visitor Center4.712.9 mi
- Masterson Station Park4.67 mi
- Woodford Reserve Distillery4.812.6 mi
- Shaker Village of Pleasant Hill4.715.2 mi
- Otis A. Singletary Center for the Arts4.76.5 mi
- Mary Todd Lincoln House4.66.7 mi
- Ashland - The Henry Clay Estate4.77.5 mi
- Kentucky Horse Park Campground4.610.5 mi
- Masterson Station Park4.67 mi
- The Arboretum, State Botanical Garden of Kentucky4.86.1 mi
- Jacobson Park4.610.6 mi
- McConnell Springs Park4.75.6 mi
- Chimney Rock Marina4.418.8 mi
- Sunset Marina and Resort4.618.4 mi
- Kamp Kennedy Marina4.518.8 mi
- Kearney Hill Golf Links4.38.7 mi
- University Club Of Kentucky4.37 mi
- Lakeside Golf Course4.210.3 mi
- Tates Creek Golf Course4.18 mi
- Connemara Golf Course4.27 mi
- Fayette Mall4.35.1 mi
- Publix Super Market at Citation Point4.48 mi
- Meijer4.310.6 mi
- Meijer4.34.8 mi
- T.J. Maxx4.35.2 mi
- Blue Grass Airport4.61.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major retail and dining hub serving the southwest Lexington area.
Public golf course providing recreational space near the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.