How much is a home worth in ZIP code 40356?

The typical home in 40356 is worth $323,929, based on the Zillow Home Value Index.

Are home values rising in 40356?

Home values in 40356 are up 3.3% over the past year, and up 7.1% a year over five years.

What is the typical rent in 40356?

A typical home in 40356 rents for about $1,455 a month, a gross rental yield of 5.4%.

What is the property tax rate in 40356?

The effective property tax rate in 40356 is 0.7% — roughly $2,349 a year on a typical home.

ZIP code 40356 has a population of 45,849 and a median household income of $74,495.

HousingHandbookReference data

…

U.S. ZIP Code · KY40356

Jessamine County · Lexington-Fayette, KY

Typical home value

$323,929^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.3%
5-year / yr: +7.1%
10-year / yr: +7.0%

Relative price

vs U.S.: +14.0%
vs metro: -4.8%
vs state: +94.9%

Price history

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

The typical home in 40356 is worth $323,929 — 4.8% below the Lexington-Fayette, KY median. Over the past year, values have risen 3.3%. Homes here rent for a typical $1,455 a month — a 5.4% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $1,455^[2]
Gross yield: 5.4%^[2]
Cap rate: 3.2%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,349^[3]

#Climate risk

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

Overall risk: Very 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: Very Low
Winter weather: Relatively Moderate

#Who lives here

Population: 45,849^[3]
Median household income: $74,495^[3]

#Migration

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

Net migration: +193^[5]
Moved in: 1,833
Moved out: 1,640

Schools

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

Public schools: 12
Elementary: 6
Middle: 2
High: 4

East Jessamine High School
High · Grades 9–12 · Jessamine County
1,214 students
West Jessamine Middle School
Middle · Grades 6–8 · Jessamine County
882 students
East Jessamine Middle School
Middle · Grades 6–8 · Jessamine County
872 students
Jessamine Early Learning Village
Elementary · Grades PK–K · Jessamine County
833 students
West Jessamine High School
High · Grades 9–12 · Jessamine County
1,349 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 yield5.4%

Net yield (after ~40% expenses)3.2%

Annual rent$17,460

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$1,638

Loan principal$259,143

Down payment$64,786

Total interest paid$330,523

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 ratio1.45

Monthly cost to own$2,105

Monthly rent$1,455

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: 74th percentile^[1]
Rental yield: 29th percentile^[2]
Property tax: 35th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for most populous in KYView list →

Frequently asked

How much is a home worth in ZIP code 40356?: The typical home in 40356 is worth $323,929, based on the Zillow Home Value Index.
Are home values rising in 40356?: Home values in 40356 are up 3.3% over the past year, and up 7.1% a year over five years.
What is the typical rent in 40356?: A typical home in 40356 rents for about $1,455 a month, a gross rental yield of 5.4%.
What is the property tax rate in 40356?: The effective property tax rate in 40356 is 0.7% — roughly $2,349 a year on a typical home.
Who lives in 40356?: ZIP code 40356 has a population of 45,849 and a median household income of $74,495.

#Comparable ZIPs

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

40370 vs 40356 →
Sadieville, KY
Typical home
$323,251
Gross yield
—
40511 vs 40356 →
Lexington-Fayette urban county, KY
Typical home
$314,302
Gross yield
7.0%
40390
Wilmore, KY
Typical home
$312,876
Gross yield
—
40324
Georgetown, KY
Typical home
$338,467
Gross yield
5.3%
40516
Lexington-Fayette urban county, KY
Typical home
$341,760
Gross yield
—
40503
Lexington-Fayette urban county, KY
Typical home
$347,576
Gross yield
5.4%

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Pit ZIP 40356 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · KY40356

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