Home Values

40508 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$74,100

  • -10.3% 1-year change
  • -2.0% 1-year forecast

The median home value in 40508 is $74,100. 40508 home values have declined -10.3% over the past year and Zillow predicts they will fall -2.0% within the next year. The median list price per square foot in 40508 is $160, which is higher than the Lexington average of $100. The median price of homes currently listed in 40508 is $169,900 while the median price of homes that sold is $52,250. The median rent price in 40508 is $835, which is lower than the Lexington median of $900.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 40508 is 4.2%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 40508 homeowners underwater on their mortgage is 13.2%, which is higher than Lexington at 12.7%.

Read more
Relative ZHVI
- +

40508 Market Overview

Data through Jan 31, 2015
  • $74,100 ZHVI
  • -2.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $169,900 Median listing price
  • $52,250 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

40508 Market Health

Data through Jan 31, 2015
  • 3.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 13.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Zip Codes

Name Median ZHVI
40502 $271,900
40507 $229,500
40503 $157,700
Name Median ZHVI
40504 $124,800
40517 $120,400
40505 $101,300

Listings & Sales

Data through Jan 31, 2015
  • $160 Median list price / sq ft
  • $67 Median sale price / sq ft
  • No data Listings with price cut
36.4%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

40508 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $828 40508
    $1,087 Lexington
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $835 Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading