How much is a home worth in ZIP code 40324?

The typical home in 40324 is worth $338,467, based on the Zillow Home Value Index.

Are home values rising in 40324?

Home values in 40324 are up 4.2% over the past year, and up 6.8% a year over five years.

What is the typical rent in 40324?

A typical home in 40324 rents for about $1,509 a month, a gross rental yield of 5.3%.

What is the property tax rate in 40324?

The effective property tax rate in 40324 is 0.6% — roughly $2,197 a year on a typical home.

ZIP code 40324 has a population of 53,406 and a median household income of $85,110.

HousingHandbookReference data

…

U.S. ZIP Code · KY40324

Scott County · Lexington-Fayette, KY

Typical home value

$338,467^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.2%
5-year / yr: +6.8%
10-year / yr: +6.7%

Relative price

vs U.S.: +19.2%
vs metro: ≈ metro median
vs state: +103.7%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 40324 is worth $338,467. Over the past year, values have risen 4.2%. Homes here rent for a typical $1,509 a month — a 5.3% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,509^[2]
Gross yield: 5.3%^[2]
Cap rate: 3.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $2,197^[3]

#Climate risk

FEMA National Risk Index ratings for Scott County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 53,406^[3]
Median household income: $85,110^[3]

#Migration

Household moves in and out of Scott County over a year, from IRS tax-return data.

Net migration: +278^[5]
Moved in: 2,104
Moved out: 1,826

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 16
Elementary: 8
Middle: 3
High: 4

Great Crossing High School
High · Grades 9–12 · Scott County
1,700 students
Scott County High School
High · Grades 9–12 · Scott County
1,353 students
Scott County Middle School
Middle · Grades 6–8 · Scott County
833 students
Royal Spring Middle School
Middle · Grades 6–8 · Scott County
693 students
Creekside Elementary
Elementary · Grades K–5 · Scott County
600 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.3%

Net yield (after ~40% expenses)3.2%

Annual rent$18,107

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,711

Loan principal$270,774

Down payment$67,693

Total interest paid$345,357

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.44

Monthly cost to own$2,177

Monthly rent$1,509

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 57th percentile^[1]
Rental yield: 21st percentile^[2]
Property tax: 17th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

5th for most populous in KYView list →

Frequently asked

How much is a home worth in ZIP code 40324?: The typical home in 40324 is worth $338,467, based on the Zillow Home Value Index.
Are home values rising in 40324?: Home values in 40324 are up 4.2% over the past year, and up 6.8% a year over five years.
What is the typical rent in 40324?: A typical home in 40324 rents for about $1,509 a month, a gross rental yield of 5.3%.
What is the property tax rate in 40324?: The effective property tax rate in 40324 is 0.6% — roughly $2,197 a year on a typical home.
Who lives in 40324?: ZIP code 40324 has a population of 53,406 and a median household income of $85,110.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

40516 vs 40324 →
Lexington-Fayette urban county, KY
Typical home
$341,760
Gross yield
—
40503 vs 40324 →
Lexington-Fayette urban county, KY
Typical home
$347,576
Gross yield
5.4%
40379
Stamping Ground, KY
Typical home
$350,801
Gross yield
—
40356
Nicholasville, KY
Typical home
$323,929
Gross yield
5.4%
40370
Sadieville, KY
Typical home
$323,251
Gross yield
—
40383
Versailles, KY
Typical home
$359,675
Gross yield
5.9%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 40324 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · KY40324

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