How much is a home worth in ZIP code 40361?

The typical home in 40361 is worth $251,625, based on the Zillow Home Value Index.

Are home values rising in 40361?

Home values in 40361 are down 4.6% over the past year, and up 4.8% a year over five years.

What is the typical rent in 40361?

A typical home in 40361 rents for about $1,195 a month, a gross rental yield of 5.7%.

What is the property tax rate in 40361?

The effective property tax rate in 40361 is 0.6% — roughly $1,434 a year on a typical home.

ZIP code 40361 has a population of 18,361 and a median household income of $63,333.

HousingHandbookReference data

…

U.S. ZIP Code · KY40361

Bourbon County · Lexington-Fayette, KY

Typical home value

$251,625^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -4.6%
5-year / yr: +4.8%
10-year / yr: +6.1%

Relative price

vs U.S.: -11.4%
vs metro: -26.0%
vs state: +51.4%

Price history

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

The typical home in 40361 is worth $251,625 — 26.0% below the Lexington-Fayette, KY median. Over the past year, values have fallen 4.6%. Homes here rent for a typical $1,195 a month — a 5.7% 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: $1,195^[2]
Gross yield: 5.7%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $1,434^[3]

#Climate risk

FEMA National Risk Index ratings for Bourbon 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: Very Low
Hurricane: Very Low
Tornado: Relatively Low
Earthquake: Very Low
Winter weather: Relatively Low

#Who lives here

Population: 18,361^[3]
Median household income: $63,333^[3]

#Migration

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

Net migration: +59^[5]
Moved in: 587
Moved out: 528

Schools

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

Public schools: 9
Elementary: 3
Middle: 2
High: 2

Bourbon County High School
High · Grades 9–12 · Bourbon County
796 students
Bourbon County Middle School
Middle · Grades 6–8 · Bourbon County
560 students
Bourbon Central Elementary School
Elementary · Grades K–5 · Bourbon County
473 students
Cane Ridge Elementary School
Elementary · Grades K–5 · Bourbon County
460 students
Paris Elementary School
Elementary · Grades K–5 · Paris Independent
339 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 yield5.7%

Net yield (after ~40% expenses)3.4%

Annual rent$14,340

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$1,272

Loan principal$201,300

Down payment$50,325

Total interest paid$256,747

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 ratio1.34

Monthly cost to own$1,602

Monthly rent$1,195

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: 13th percentile^[1]
Rental yield: 43rd percentile^[2]
Property tax: 13th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 40361?: The typical home in 40361 is worth $251,625, based on the Zillow Home Value Index.
Are home values rising in 40361?: Home values in 40361 are down 4.6% over the past year, and up 4.8% a year over five years.
What is the typical rent in 40361?: A typical home in 40361 rents for about $1,195 a month, a gross rental yield of 5.7%.
What is the property tax rate in 40361?: The effective property tax rate in 40361 is 0.6% — roughly $1,434 a year on a typical home.
Who lives in 40361?: ZIP code 40361 has a population of 18,361 and a median household income of $63,333.

#Comparable ZIPs

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

40391 vs 40361 →
Winchester, KY
Typical home
$252,047
Gross yield
5.7%
40517 vs 40361 →
Lexington-Fayette urban county, KY
Typical home
$254,959
Gross yield
6.4%
40505
Lexington-Fayette urban county, KY
Typical home
$231,123
Gross yield
6.6%
40504
Lexington-Fayette urban county, KY
Typical home
$272,582
Gross yield
6.3%
40508
Lexington-Fayette urban county, KY
Typical home
$229,228
Gross yield
6.9%
40390
Wilmore, KY
Typical home
$312,876
Gross yield
—

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#Jump to section

U.S. ZIP Code · KY40361

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