Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$324,999+3.3% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$70,453About 1.0× the local median income ($74,069): affordable for a typical household
Days on market52 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.9%Zillow expects prices to rise slightly
The typical home in Lexington-Fayette, KY is worth $324,999, up 3.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $276,363, so the area is 17.6% overvalued. It is a balanced market: homes take about 52 days to sell, listings are up 9% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 2.9% over the next year. A household needs about $70,453 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,069. Typical rent is $1,599 a month, or $1,979 for a house. In the latest IRS figures, 340 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$324,999
Change in 1 year
+3.3%
Overvalued %
+17.6%
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Fair home value
$276,363
Change in 5 years
+32.9%
Zillow forecast, next 12 months
+2.9%
Home value to income
4.4×
Monthly mortgage payment (20% down)
$1,761
Income needed to afford it
$70,453
Property tax rate
0.79%
Rent and investing
Typical rent
$1,599
Typical rent for houses
$1,979
Price-to-rent ratio
16.9×
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HUD Fair Market Rent, 2 bedrooms
$1,416
Gross rental yield
5.90%
Cap rate (estimate)
3.84%
Market activity
Listings vs a year ago
+9.2%
Days on market
52
Listings with a price cut
20.8%
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Homes for sale
1,431
Pending sales per 100 listings
61
Asking price per sq ft
$203
People and jobs
Median household income
$74,069
Population change (1 year)
+0.8%
Unemployment rate
4.5%
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Population
535,174
Income adjusted for cost of living
$79,730
Net moves in (IRS)
−340
Cost of living (US = 100)
92.9
Schools, risk and environment
School rating (1 to 10)
6.7
FEMA hazard risk score (0 to 100)
73.7
Unhealthy air days a year
0
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Flood risk score
76.3
Wildfire risk score
20.6
Walkability (1 to 20)
9.5
Road, rail and air noise
54 dB
Questions people ask
Is Lexington-Fayette, KY overvalued?
Home prices in Lexington-Fayette, KY are well above what local incomes have historically supported: fair value is about $276,363, so the area is 17.6% overvalued.
Is Lexington-Fayette, KY a buyer's or seller's market?
Lexington-Fayette, KY is a balanced market: homes take about 52 days to sell, listings are up 9% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Lexington-Fayette, KY?
Home values in Lexington-Fayette, KY are up 3.3% over the last year. Zillow's forecast for the next 12 months is +2.9%.
How much do you need to earn to buy a home in Lexington-Fayette, KY?
A household needs about $70,453 a year to afford the typical home in Lexington-Fayette, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,069.