Lexington - KY housing market
The Lexington metro has a typical home value of $324,999, up 3.3% from a year ago. Homes are moving fast at 16 days on market, a strong seller's market. 29% of listings have had a price cut. Data from Zillow Research, updated monthly.
Lexington housing market, October 2026
The typical Lexington home is worth $324,999 as of September 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 $305,038 to $324,999.
Homes are going pending in about 16 days, slower than the 8 days seen three months earlier. There are roughly 1,930 homes for sale, 13% more than a year ago. 29.2% of listings have taken a price cut (up from 24.9% three months ago).
Typical rent is $1,599 a month, up 3.8% year over year, which puts the price-to-rent ratio at 16.9.
At this week's 7.40% mortgage rate with 20% down ($65,000), the typical Lexington home costs about $2,206 a month including tax and insurance, which needs a household income of roughly $94,600 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 ($324,999) 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 $314,617 last year is now worth roughly $324,999.
The median sale price, what homes actually close for, is $327,397. Homes are selling at 98.3% of list price, meaning buyers have room to negotiate.
Homes listed in Lexington - KY sit on the market for roughly 16 days before going pending. Shorter = seller's market; longer = buyer's market.
About 29.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 648 new listings hit the market each month in Lexington - KY. There are currently 1,930 homes for sale, up 13.2% from a year ago.
The typical monthly rent in Lexington - KY is $1,599, up 3.8% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 16.9x, toss-up (#96 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,800 a month in principal and interest, $201 more than renting before taxes, insurance and upkeep. The two break even at a 6.24% 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 | $278,562 | +1.5% | 18.0d |