Lexington South, Lexington, KY—40516
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lexington South, Lexington, KY
As of Oct '25, the median home price in Lexington South, Lexington, KY is $328,000, with a year-over-year change of 0.3%. This indicates that home prices in Lexington South, Lexington, KY are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $328,000 | 0.3% |
| Single Family | $331,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $189,000 | 5.0% |
3 Bed | $286,000 | 5.1% |
4 Bed | $441,000 | 5.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Lexington South, Lexington, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Lexington South, Lexington, KY is 99. This is a increase of 48.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,370,000 | 129.0% |
Listing Count | 11 | -24.0% |
| Listings as % of Homes | 0.9% | -24.0% |
Days on Market | 99 | 48.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Lexington South, Lexington, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $328,000 |
| Median Household Income | $85,700 |