Lexington South, Lexington, KY 40516 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lexington South, Lexington, KY—40516

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$329,000

0.7% YoY Growth

Household Income

$85,700

26.7% YoY Growth

Days on Market

123

7.0% Longer YoY

Home Price Forecast

2.7%

Median Rent

$2,000

33.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$2,000

N/A

Home Price Trends — Lexington South, Lexington, KY

As of Dec '25, the median home price in Lexington South, Lexington, KY is $329,000, with a year-over-year change of 0.7%. This indicates that home prices in Lexington South, Lexington, KY are flat. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$329,000	0.7%
Single Family	$331,000	1.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lexington South, Lexington, KY

As of July '25, Rentcast reports the average rent in Lexington South, Lexington, KY is $2,000, with a year-over-year rent change of 33.3%. Per bedroom, the median rent as of July '25 in Lexington South, Lexington, KY is 3-bedrooms: $2,000. The most common rental property sizes in Lexington South, Lexington, KY are 2-bedroom and 3-bedroom, accounting for 53.0% and 24.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$2,000
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$2,000	$2,000
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

2 Bedrooms

53.0%

3 Bedrooms

24.7%

4 Bedrooms

18.7%

5+ Bedrooms

3.5%

Property Listings — Lexington South, Lexington, KY

As of Dec '25, Realtor.com reports that the median days on market for a home in Lexington South, Lexington, KY is 56. This is a increase of 10.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$875,000	56.0%
Listing Count	7	-34.0%
Listings as % of Homes	0.9%	-34.0%
Days on Market	123	7.0%

Loading chart...

Demographics — Lexington South, Lexington, KY

As of the latest ACS Survey released in 2023, Lexington South, Lexington, KY has a population of 2,810, which has decreased by -16.5% over the past 5 years. Lexington South, Lexington, KY is a popular place for families, as children make up 27.3% of the population. The area has a moderately educated workforce, with 38.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,810	-16.5%
% Under 18	27.3%	21.3%
% Seniors	19.1%	8.5%
% WFH	13.4%	152.8%
% w/ College Degree	38.2%	-4.5%

Loading chart...

As of the latest ACS Survey released in 2023, Lexington South, Lexington, KY is a predominantly white area, with 79.2% of the population identifying as white. The white population has grown by 24.1% in the last 5 years. The second most common race or ethnicity in Lexington South, Lexington, KY is black, making up 13.7% of the population. Foreign-born residents account for 2.7% of the population in Lexington South, Lexington, KY, and this percentage has decreased by 75.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	79.2%	24.1%
% Black	13.7%	8.7%
% Hispanic	3.8%	-80.3%
% Asian	0.7%	∞%
% Foreign Born	2.7%	-75.2%

Loading chart...

Mortgage and Risk — Lexington South, Lexington, KY

According to HUD data as of 2023, there were 42 mortgage originations in Lexington South, Lexington, KY, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Lexington South, Lexington, KY. Investor activity is low, as 5.0% of loans were by investors. 31.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	42
% Conventional Loans	71.0%
% Government Loans	29.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	31.0%

Loading chart...

Rentals and Section 8 — Lexington South, Lexington, KY

Lexington South, Lexington, KY lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	5
Total Units Section 8	5
% Rentals under Section 8	3.5%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,110
2 Bedroom	N/A	N/A	$1,320
3 Bedroom	-$210	$2,000	$1,790
4 Bedroom	N/A	N/A	$2,020

Lexington South, Lexington, KY—40516

Key Metrics at a Glance

Home Price Trends — Lexington South, Lexington, KY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lexington South, Lexington, KY

% of Rental Stock

Property Listings — Lexington South, Lexington, KY

Demographics — Lexington South, Lexington, KY

Race and Ethnicity

Mortgage and Risk — Lexington South, Lexington, KY

Mortgages

Rentals and Section 8 — Lexington South, Lexington, KY

Section 8 Market Size

Section 8 Opportunity

Affordability — Lexington South, Lexington, KY

Home Price to Income Ratio

Lexington South, Lexington, KY — ZIP Code Boundary Map

Nearby ZIP Codes

Eastland, Lexington, KY

Chevy Chase, Lexington, KY

Winchester Road, Lexington, KY

Beaumont / University, Lexington, KY

South Lexington, Lexington, KY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$329,000
Median Household Income	$85,700

Lexington South, Lexington, KY—40516

Key Metrics at a Glance

Home Price Trends — Lexington South, Lexington, KY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lexington South, Lexington, KY

% of Rental Stock

Property Listings — Lexington South, Lexington, KY

Demographics — Lexington South, Lexington, KY

Race and Ethnicity

Mortgage and Risk — Lexington South, Lexington, KY

Mortgages

Rentals and Section 8 — Lexington South, Lexington, KY

Section 8 Market Size

Section 8 Opportunity

Affordability — Lexington South, Lexington, KY

Home Price to Income Ratio

Lexington South, Lexington, KY — ZIP Code Boundary Map

Nearby ZIP Codes

Eastland, Lexington, KY

Chevy Chase, Lexington, KY

Winchester Road, Lexington, KY

Beaumont / University, Lexington, KY

South Lexington, Lexington, KY

Frequently Asked Questions

What is the average home price in Lexington South, Lexington, KY 40516?

How have home prices in Lexington South, Lexington, KY 40516 changed over the past year?

What is the home price projection for Lexington South, Lexington, KY 40516?

What are the demographics of Lexington South, Lexington, KY 40516?

How long does it take homes to sell in Lexington South, Lexington, KY 40516?

What is the average rent price in Lexington South, Lexington, KY 40516?