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Lexington-Fayette urban county, KY

ZIP 40509 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40509

Median Home Value
$338,200
Median Rent
$1,128
Affordability Snapshot
$93,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,173/mo PITI).

15%
Rent-to-Income Ratio

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

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

25.0 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 40509 in Lexington-Fayette urban county, KY, a household would need roughly $93,000 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 $2,173. That is roughly in line with the local median household income ($89,429). 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
61.9%-5% vs US avg
x
Vacancy Rate
5.2%-50% vs US avg
x
Broadband Access
94.4%+8% vs US avg
x
4+ Bedrooms
6.4%-57% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
2.0%-71% vs US avg
x
Rent Burden >30%
20.1%-60% vs US avg
x
Mortgage-Free
25.2%-34% vs US avg
x
$338,200
Home Value
$1,128
Rent
2001
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached61.2%
  • 1-unit attached12.6%
  • 2-9 units10.2%
  • 10+ units15.1%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$338,200
Median rent$1,128
Owner-occupied61.9%
Vacant5.2%
Price-to-income3.8x
Est. income to buy$93,000