ZIP Code 40509 — Lexington, KY Home Prices (2026)
The typical home in ZIP 40509 (Lexington, Kentucky) is worth about $405,000 at roughly $209 per square foot — 12% more expensive than the Lexington median and 38% more expensive than the typical U.S. home.
How 40509 compares
ZIP 40509 is one of the pricier ZIP codes in Lexington: its typical home value of $405,000 ranks #4 of the 14 Lexington ZIP codes we track (the citywide range runs from $226,000 in 40508 to $765,000 in 40510). Per square foot it costs about $209, against $208 for Lexington as a whole, $152 for Kentucky, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 40509 | $405,000 | $209 |
| Lexington, KY | $362,500 | $208 |
| Kentucky | $184,500 | $152 |
| United States | $294,000 | $195 |
Home value by size in 40509
Using this ZIP’s rate of about $209 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $209,000 |
| 1,500 sq ft | $313,500 |
| 2,000 sq ft | $418,000 |
| 2,500 sq ft | $522,500 |
| 3,000 sq ft | $627,000 |
Salary needed to buy a home in ZIP 40509
To buy the typical $405,000 home in ZIP 40509 with 20% down, you need a household income of roughly $110,000 a year (about $2,570 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $131,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $20,300 | $3,200/mo | $137,000/yr |
| 10% (+PMI) | $40,500 | $3,050/mo | $131,000/yr |
| 20% | $81,000 | $2,570/mo | $110,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 40509
At about $209 per square foot, here is roughly how much home different budgets get you in ZIP 40509:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 960 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1200 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1440 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1910 sq ft | around the typical home here |
| $500k | 2390 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 40509 home.
Estimate a specific home in 40509
The estimator below is pre-set to ZIP 40509 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Lexington ZIP codes by home value
Where 40509 sits among Lexington’s 14 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 40510 | $765,000 | $174 |
| 2 | 40513 | $577,000 | $217 |
| 3 | 40502 | $572,000 | $269 |
| 4 | 40509 (this page) | $405,000 | $209 |
| 5 | 40507 | $402,000 | $351 |
| 6 | 40515 | $385,000 | $206 |
| 7 | 40514 | $376,000 | $203 |
| 8 | 40503 | $349,000 | $218 |
| 9 | 40516 | $345,000 | $282 |
| 10 | 40511 | $316,000 | $187 |
| 11 | 40504 | $274,000 | $195 |
| 12 | 40517 | $258,000 | $173 |
| 13 | 40505 | $233,000 | $189 |
| 14 | 40508 | $226,000 | $236 |
ZIP 40509 home prices: frequently asked
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See the full Lexington home values page, all Kentucky cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.