40507 — Lexington, KY Home Values
Typical home value $417,573 as of August 2026 · 4th of 25 in Lexington-Fayette, KY
Blue: typical home value (Zillow ZHVI) in ZIP code 40507, August 2021 to August 2026. This page shows observed data only; no forecast.
How 40507 compares in the Lexington-Fayette, KY area
ZIP code 40507 (Lexington, KY) has a typical home value of $417,573 as of August 2026, ranking 4th of 25 ZIP codes tracked in the Lexington-Fayette, KY area, more expensive than about 88% of ZIP codes in the metro. Prices here have moved +9.3% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +38.0%, from $302,645 in August 2021 to $417,573 in August 2026. Against observed rent, the typical home here sells for 24.7× the annual rent ($1,408/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Lexington-Fayette, KY forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Lexington.
Population and demographics
ZIP code 40507 has a population of 2,225, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 79.6% White, 13.4% Black or African American, 4.3% Hispanic or Latino, 2.2% two or more races, and 0.4% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Lexington Trad Magnet School | 350 N Limestone St, Lexington, KY | 0.3 mi |
| Harrison Elementary School | 161 Bruce St, Lexington, KY | 0.5 mi |
| Maxwell Spanish Immersion Elem School | 301 Woodland Ave, Lexington, KY | 0.7 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 40507?
$417,573 as of August 2026, the latest month Zillow has published observed data for.
Is 40507 an expensive ZIP code in the Lexington-Fayette, KY area?
40507 ranks 4th of 25 ZIP codes in the Lexington-Fayette, KY area by typical home value, more expensive than about 88% of ZIP codes in the metro.
How much have home values in 40507 changed over the past year?
+9.3% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 40507?
The typical home price is 24.7× the observed annual rent in this ZIP code ($1,408/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 40507?
2,225, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 40507?
Lexington Trad Magnet School (0.3 mi), Harrison Elementary School (0.5 mi), Maxwell Spanish Immersion Elem School (0.7 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 40507?
No. Every number on this page is observed Zillow data as of August 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Lexington-Fayette, KY forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.