40516
Lexington, Kentucky.
Lexington, Fayette County, KY · Lexington-Fayette, KY metro · population 2,926
to buy the typical home at today's mortgage rate — +$929 (+107%) since Jan 2020.
- 1 year
- Up $15,358 +5%
- $327,039$342,397 since Sep 2025
- 5 years
- Up $66,807 +24%
- $275,590$342,397 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 40516$1,797
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in zip 40516 rose 4.7% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Fayette County, KY 86% · Bourbon County, KY 14%
Zillow also publishes an index for the city itself: Lexington, KY — measured over the city limits, which is a different area from this zip.
Asking rent — 40516
Against the Lexington-Fayette, KY metro and the national benchmark.
Not enough data to draw this yet.
Typical home value — 40516
Mid-tier homes, smoothed and seasonally adjusted.
- 40516$342,397
- Lexington$324,999
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 5.0 | 40505 | Lexington | 25,594 | $1,197 | $227,990 |
| 5.5 | 40509 | Lexington | 47,036 | $1,556 | $402,163 |
| 7.1 | 40511 | Lexington | 38,176 | $1,945 | $313,248 |
| 7.3 | 40507 | Lexington | 2,159 | $1,350 | $411,087 |
| 7.5 | 40508 | Lexington | 23,756 | $1,468 | $225,432 |
| 7.5 | 40502 | Lexington | 26,122 | $1,582 | $560,691 |
| 9.1 | 40517 | Lexington | 35,656 | $1,383 | $254,176 |
| 9.8 | 40504 | Lexington | 25,816 | $1,894 | $269,418 |
| 10.3 | 40503 | Lexington | 27,451 | $2,038 | $344,639 |
| 10.9 | 40515 | Lexington | 37,384 | $1,499 | $380,767 |
| 11.9 | 40361 | Paris | 18,361 | — | $260,999 |
| 12.4 | 40514 | Lexington | 16,961 | $2,011 | $368,960 |
| 12.8 | 40510 | Lexington | 1,904 | — | $757,562 |
| 13.7 | 40513 | Lexington | 11,032 | $2,577 | $569,824 |
| 14.0 | 40391 | Winchester | 36,796 | $1,431 | $252,174 |
| 15.6 | 40324 | Georgetown | 53,406 | $1,593 | $341,845 |
| 17.6 | 40356 | Nicholasville | 45,849 | $1,454 | $326,714 |
| 19.8 | 40348 | Millersburg | 625 | — | $138,182 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.