Lexington - KY housing market
The Lexington metro has a typical home value of $326,418, up 3.3% from a year ago. Homes are moving fast at 13 days on market, a strong seller's market. 28% of listings have had a price cut. Data from Zillow Research, updated monthly.
Lexington housing market, October 2026
The typical Lexington home is worth $326,418 as of August 2026, up 0.3% from the prior month, up 0.9% over three months, and up 3.3% from a year ago. Over the past two years values have ranged from $306,763 to $326,418.
Homes are going pending in about 13 days, slower than the 8 days seen three months earlier. There are roughly 1,872 homes for sale, 16% more than a year ago. 28.4% of listings have taken a price cut (up from 23.1% three months ago).
Typical rent is $1,539 a month, up 3.3% year over year, which puts the price-to-rent ratio at 17.7.
At this week's 7.40% mortgage rate with 20% down ($65,284), the typical Lexington home costs about $2,216 a month including tax and insurance, which needs a household income of roughly $95,000 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($326,418) is the Zillow Home Value Index for the Lexington - KY metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 3.3% over the past year. In Lexington - KY, that means a home worth $315,990 last year is now worth roughly $326,418.
The median sale price, what homes actually close for, is $327,054. Homes are selling at 98.7% of list price, meaning buyers have room to negotiate.
Homes listed in Lexington - KY sit on the market for roughly 13 days before going pending. Shorter = seller's market; longer = buyer's market.
About 28.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 673 new listings hit the market each month in Lexington - KY. There are currently 1,872 homes for sale, up 16.5% from a year ago.
The typical monthly rent in Lexington - KY is $1,539, up 3.3% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 17.7x, toss-up (#86 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,808 a month in principal and interest, $269 more than renting before taxes, insurance and upkeep. The two break even at a 5.84% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in KY
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Louisville - KY | $280,129 | +1.5% | 15.0d |