Winchester Road, Lexington, KY—40511
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Winchester Road, Lexington, KY
As of Oct '25, the median home price in Winchester Road, Lexington, KY is $304,000, with a year-over-year change of 3.2%. This indicates that home prices in Winchester Road, Lexington, KY are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $304,000 | 3.2% |
| Single Family | $305,000 | 3.4% |
| Condos | $219,000 | 7.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $247,000 | 5.6% |
3 Bed | $295,000 | 3.5% |
4 Bed | $372,000 | 3.6% |
| 5 Bed | $473,000 | 2.8% |
% of Housing Stock
Rental Trends — Winchester Road, Lexington, KY
As of July '25, Rentcast reports the average rent in Winchester Road, Lexington, KY is $1,880, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Winchester Road, Lexington, KY is studios: $896, 1-bedrooms: $1,070, 2-bedrooms: $1,600, 3-bedrooms: $1,930, 4-bedrooms: $2,380. The most common rental property sizes in Winchester Road, Lexington, KY are 2-bedroom and 3-bedroom, accounting for 36.6% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,880 |
| Studio Rent | $825 | $896 |
| 1 Bed Rent | $850 | $1,070 |
| 2 Bed Rent | $1,500 | $1,600 |
| 3 Bed Rent | $2,000 | $1,930 |
| 4 Bed Rent | $2,300 | $2,380 |
% of Rental Stock
Property Listings — Winchester Road, Lexington, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Winchester Road, Lexington, KY is 43. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $364,000 | -4.0% |
Listing Count | 171 | 46.0% |
| Listings as % of Homes | 0.7% | 46.0% |
Days on Market | 43 | 2.0% |
Demographics — Winchester Road, Lexington, KY
As of the latest ACS Survey released in 2023, Winchester Road, Lexington, KY has a population of 36,100, which has increased by 9.0% over the past 5 years. Winchester Road, Lexington, KY is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 37.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,100 | 9.0% |
% Under 18 | 23.8% | 3.9% |
% Seniors | 12.4% | 15.9% |
% WFH | 9.9% | 209.4% |
% w/ College Degree | 37.9% | 8.0% |
As of the latest ACS Survey released in 2023, Winchester Road, Lexington, KY is a predominantly white area, with 50.0% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Winchester Road, Lexington, KY is black, making up 26.2% of the population. Foreign-born residents account for 15.5% of the population in Winchester Road, Lexington, KY, and this percentage has increased by 40.9% 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 | 50.0% | -6.2% |
% Black | 26.2% | -2.2% |
% Hispanic | 16.8% | 8.4% |
% Asian | 2.7% | 107.7% |
% Foreign Born | 15.5% | 40.9% |
Mortgage and Risk — Winchester Road, Lexington, KY
According to HUD data as of 2023, there were 781 mortgage originations in Winchester Road, Lexington, KY, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Winchester Road, Lexington, KY. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 781 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Winchester Road, Lexington, KY
As of 2024, the percent of homes in Winchester Road, Lexington, KY under the Section 8 program is 12.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Winchester Road, Lexington, KY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 733 |
Total Units Section 8 | 704 |
% Rentals under Section 8 | 12.2% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $850 | $1,090 |
| 2 Bedroom | -$210 | $1,500 | $1,290 |
| 3 Bedroom | -$250 | $2,000 | $1,750 |
| 4 Bedroom | -$330 | $2,300 | $1,970 |
Affordability — Winchester Road, Lexington, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $304,000 |
| Median Household Income | $77,500 |