40504 — Lexington, KY Home Values
Typical home value $276,323 as of June 2026 · 18th of 25 in Lexington-Fayette, KY
Blue: typical home value (Zillow ZHVI) in ZIP code 40504, June 2021 to June 2026. This page shows observed data only; no forecast.
How 40504 compares in the Lexington-Fayette, KY area
ZIP code 40504 (Lexington, KY) has a typical home value of $276,323 as of June 2026, ranking 18th of 25 ZIP codes tracked in the Lexington-Fayette, KY area, more expensive than about 32% of ZIP codes in the metro. Prices here have moved +5.0% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +41.0%, from $196,024 in June 2021 to $276,323 in June 2026. Against observed rent, the typical home here sells for 15.6× the annual rent ($1,476/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Lexington-Fayette, KY forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Lexington.
Population and demographics
ZIP code 40504 has a population of 26,164, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 61.2% White, 17.8% Black or African American, 15.3% Hispanic or Latino, 3.7% two or more races, 1.9% Asian, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| James Lane Allen Elementary School | 1901 Appomattox Rd, Lexington, KY | 0.5 mi |
| Cardinal Valley Elementary School | 218 Mandalay Rd, Lexington, KY | 0.8 mi |
| Audrey Grevious Center | 1177 Harry Sykes Way, Lexington, KY | 0.9 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 40504?
$276,323 as of June 2026, the latest month Zillow has published observed data for.
Is 40504 an expensive ZIP code in the Lexington-Fayette, KY area?
40504 ranks 18th of 25 ZIP codes in the Lexington-Fayette, KY area by typical home value, more expensive than about 32% of ZIP codes in the metro.
How much have home values in 40504 changed over the past year?
+5.0% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 40504?
The typical home price is 15.6× the observed annual rent in this ZIP code ($1,476/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 40504?
26,164, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 40504?
James Lane Allen Elementary School (0.5 mi), Cardinal Valley Elementary School (0.8 mi), Audrey Grevious Center (0.9 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 40504?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Lexington-Fayette, KY forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.