40511 — Lexington, KY Home Values
Typical home value $316,813 as of June 2026 · 17th of 25 in Lexington-Fayette, KY
Blue: typical home value (Zillow ZHVI) in ZIP code 40511, June 2021 to June 2026. This page shows observed data only; no forecast.
How 40511 compares in the Lexington-Fayette, KY area
ZIP code 40511 (Lexington, KY) has a typical home value of $316,813 as of June 2026, ranking 17th of 25 ZIP codes tracked in the Lexington-Fayette, KY area, more expensive than about 36% of ZIP codes in the metro. Prices here have moved +2.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +35.9%, from $233,049 in June 2021 to $316,813 in June 2026. Against observed rent, the typical home here sells for 14.1× the annual rent ($1,871/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 40511 has a population of 36,101, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 54.1% White, 27% Black or African American, 12.8% Hispanic or Latino, 3.4% two or more races, 2.6% Asian, 0.1% American Indian or Alaska Native, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Russell Cave Elementary School | 3375 Russell Cave Rd, Lexington, KY | 1.6 mi |
| Winburn Middle School | 1060 Winburn Dr, Lexington, KY | 3.8 mi |
| Coventry Oak Elementary | 2441 Huntly Place, Lexington, KY | 3.9 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 40511?
$316,813 as of June 2026, the latest month Zillow has published observed data for.
Is 40511 an expensive ZIP code in the Lexington-Fayette, KY area?
40511 ranks 17th of 25 ZIP codes in the Lexington-Fayette, KY area by typical home value, more expensive than about 36% of ZIP codes in the metro.
How much have home values in 40511 changed over the past year?
+2.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 40511?
The typical home price is 14.1× the observed annual rent in this ZIP code ($1,871/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 40511?
36,101, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 40511?
Russell Cave Elementary School (1.6 mi), Winburn Middle School (3.8 mi), Coventry Oak Elementary (3.9 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 40511?
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.