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Lexington-Fayette urban county, KY

ZIP 40505 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40505

Median Home Value
$166,300
Median Rent
$760
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,068/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 40505 in Lexington-Fayette urban county, KY, a household would need roughly $46,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,068. That sits below the local median household income ($58,922), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
60.2%-8% vs US avg
x
Vacancy Rate
9.1%-12% vs US avg
x
Broadband Access
83.3%-4% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
9.0%-29% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
29.5%-41% vs US avg
x
Mortgage-Free
31.1%-18% vs US avg
x
$166,300
Home Value
$760
Rent
1964
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached72.7%
  • 1-unit attached2.6%
  • 2-9 units15.3%
  • 10+ units8.8%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$166,300
Median rent$760
Owner-occupied60.2%
Vacant9.1%
Price-to-income2.8x
Est. income to buy$46,000