South Lexington, Lexington, KY—40507
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Lexington, Lexington, KY
As of Oct '25, the median home price in South Lexington, Lexington, KY is $380,000, with a year-over-year change of 6.3%. This indicates that home prices in South Lexington, Lexington, KY are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $380,000 | 6.3% |
| Single Family | $451,000 | 2.5% |
| Condos | $360,000 | 8.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $254,000 | 5.0% |
2 Bed | $408,000 | 5.4% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Lexington, Lexington, KY
As of July '25, Rentcast reports the average rent in South Lexington, Lexington, KY is $1,610, with a year-over-year rent change of 18.4%. Per bedroom, the median rent as of July '25 in South Lexington, Lexington, KY is studios: $1,060, 1-bedrooms: $1,290, 2-bedrooms: $1,960. The most common rental property sizes in South Lexington, Lexington, KY are 1-bedroom and studio, accounting for 59.2% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,260 | $1,610 |
| Studio Rent | $995 | $1,060 |
| 1 Bed Rent | $1,200 | $1,290 |
| 2 Bed Rent | $2,000 | $1,960 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — South Lexington, Lexington, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in South Lexington, Lexington, KY is 82. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $901,000 | 55.0% |
Listing Count | 10 | -45.0% |
| Listings as % of Homes | 0.4% | -45.0% |
Days on Market | 82 | -7.0% |
Demographics — South Lexington, Lexington, KY
As of the latest ACS Survey released in 2023, South Lexington, Lexington, KY has a population of 2,220, which has increased by 28.8% over the past 5 years. South Lexington, Lexington, KY is a less popular place for families, as children make up 4.2% of the population. The area has a highly educated workforce, with 53.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,220 | 28.8% |
% Under 18 | 4.2% | 16.7% |
% Seniors | 23.2% | 87.1% |
% WFH | 10.4% | -29.7% |
% w/ College Degree | 53.7% | 8.9% |
As of the latest ACS Survey released in 2023, South Lexington, Lexington, KY is a predominantly white area, with 65.3% of the population identifying as white. The white population has shrunk by 13.6% in the last 5 years. The second most common race or ethnicity in South Lexington, Lexington, KY is black, making up 18.8% of the population. Foreign-born residents account for 6.0% of the population in South Lexington, Lexington, KY, and this percentage has increased by 5.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.3% | -13.6% |
% Black | 18.8% | 9.9% |
% Hispanic | 5.9% | 118.5% |
% Asian | 1.8% | 260.0% |
% Foreign Born | 6.0% | 5.3% |
Mortgage and Risk — South Lexington, Lexington, KY
South Lexington, Lexington, KY lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — South Lexington, Lexington, KY
South Lexington, Lexington, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 231 |
Total Units Section 8 | 209 |
% Rentals under Section 8 | 16.6% |
% Occupied Section 8 | 96.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,200 | $910 |
| 2 Bedroom | -$920 | $2,000 | $1,080 |
| 3 Bedroom | N/A | N/A | $1,470 |
| 4 Bedroom | N/A | N/A | $1,650 |
Affordability — South Lexington, Lexington, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.2 |
| Median Home Price | $380,000 |
| Median Household Income | $34,500 |