40509 — Lexington, KY Home Values
Typical home value $407,596 as of June 2026 · 4th of 25 in Lexington-Fayette, KY
Blue: typical home value (Zillow ZHVI) in ZIP code 40509, June 2021 to June 2026. This page shows observed data only; no forecast.
How 40509 compares in the Lexington-Fayette, KY area
ZIP code 40509 (Lexington, KY) has a typical home value of $407,596 as of June 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 +1.9% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +31.8%, from $309,235 in June 2021 to $407,596 in June 2026. Against observed rent, the typical home here sells for 21.2× the annual rent ($1,602/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 40509 has a population of 45,135, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 67.6% White, 14.5% Black or African American, 6.7% Asian, 5.7% Hispanic or Latino, 5.2% two or more races, and 0.3% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Athens-Chilesburg Elementary | 930 Jouett Creek Dr, Lexington, KY | 1.3 mi |
| Garrett Morgan Elementary | 1150 Passage Mound Way, Lexington, KY | 1.4 mi |
| Brenda Cowan Elementary | 4801 Athens-Boonesboro Road, Lexington, KY | 2.2 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 40509?
$407,596 as of June 2026, the latest month Zillow has published observed data for.
Is 40509 an expensive ZIP code in the Lexington-Fayette, KY area?
40509 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 40509 changed over the past year?
+1.9% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 40509?
The typical home price is 21.2× the observed annual rent in this ZIP code ($1,602/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 40509?
45,135, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 40509?
Athens-Chilesburg Elementary (1.3 mi), Garrett Morgan Elementary (1.4 mi), Brenda Cowan Elementary (2.2 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 40509?
No. Every number on this page is observed Zillow data as of June 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.