40514 — Lexington, KY Home Values
Typical home value $372,396 as of August 2026 · 8th of 25 in Lexington-Fayette, KY
Blue: typical home value (Zillow ZHVI) in ZIP code 40514, August 2021 to August 2026. This page shows observed data only; no forecast.
How 40514 compares in the Lexington-Fayette, KY area
ZIP code 40514 (Lexington, KY) has a typical home value of $372,396 as of August 2026, ranking 8th of 25 ZIP codes tracked in the Lexington-Fayette, KY area, more expensive than about 72% of ZIP codes in the metro. Prices here have moved +4.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +33.8%, from $278,286 in August 2021 to $372,396 in August 2026. Against observed rent, the typical home here sells for 15.2× the annual rent ($2,045/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 40514 has a population of 16,919, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 81.9% White, 6.1% Asian, 4.4% Black or African American, 3.8% Hispanic or Latino, 3.5% two or more races, and 0.3% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Wellington Elementary | 3280 Keithshire Way, Lexington, KY | 1.3 mi |
| Stonewall Elementary School | 3215 Cornwall Dr, Lexington, KY | 1.3 mi |
| Jessie M Clark Middle School | 3341 Clays Mill Rd, Lexington, KY | 1.4 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 40514?
$372,396 as of August 2026, the latest month Zillow has published observed data for.
Is 40514 an expensive ZIP code in the Lexington-Fayette, KY area?
40514 ranks 8th of 25 ZIP codes in the Lexington-Fayette, KY area by typical home value, more expensive than about 72% of ZIP codes in the metro.
How much have home values in 40514 changed over the past year?
+4.1% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 40514?
The typical home price is 15.2× the observed annual rent in this ZIP code ($2,045/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 40514?
16,919, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 40514?
Wellington Elementary (1.3 mi), Stonewall Elementary School (1.3 mi), Jessie M Clark Middle School (1.4 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 40514?
No. Every number on this page is observed Zillow data as of August 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.