How much is a home worth in ZIP code 40383?

The typical home in 40383 is worth $359,675, based on the Zillow Home Value Index.

Are home values rising in 40383?

Home values in 40383 are down 2.9% over the past year, and up 5.4% a year over five years.

What is the typical rent in 40383?

A typical home in 40383 rents for about $1,770 a month, a gross rental yield of 5.9%.

What is the property tax rate in 40383?

The effective property tax rate in 40383 is 0.7% — roughly $2,469 a year on a typical home.

ZIP code 40383 has a population of 24,793 and a median household income of $85,213.

HousingHandbookReference data

…

U.S. ZIP Code · KY40383

Woodford County · Lexington-Fayette, KY

Typical home value

$359,675^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.9%
5-year / yr: +5.4%
10-year / yr: +5.4%

Relative price

vs U.S.: +26.6%
vs metro: +5.8%
vs state: +116.5%

Price history

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

The typical home in 40383 is worth $359,675 — 5.8% above the Lexington-Fayette, KY median. Over the past year, values have fallen 2.9%. Homes here rent for a typical $1,770 a month — a 5.9% 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: $1,770^[2]
Gross yield: 5.9%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,469^[3]

#Climate risk

FEMA National Risk Index ratings for Woodford 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 Moderate
Earthquake: Very Low
Winter weather: Relatively Low

#Who lives here

Population: 24,793^[3]
Median household income: $85,213^[3]

#Migration

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

Net migration: +86^[5]
Moved in: 844
Moved out: 758

Schools

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

Public schools: 6
Elementary: 3
Middle: 1
High: 2

Woodford County High School
High · Grades 9–12 · Woodford County
1,298 students
Woodford County Middle School
Middle · Grades 6–8 · Woodford County
864 students
Southside Elementary School
Elementary · Grades PK–5 · Woodford County
593 students
Huntertown Elementary School
Elementary · Grades PK–5 · Woodford County
447 students
Simmons Elementary School
Elementary · Grades PK–5 · Woodford County
404 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 yield5.9%

Net yield (after ~40% expenses)3.5%

Annual rent$21,242

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$1,819

Loan principal$287,740

Down payment$71,935

Total interest paid$366,996

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 ratio1.31

Monthly cost to own$2,325

Monthly rent$1,770

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: 22nd percentile^[1]
Rental yield: 57th percentile^[2]
Property tax: 26th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 40383?: The typical home in 40383 is worth $359,675, based on the Zillow Home Value Index.
Are home values rising in 40383?: Home values in 40383 are down 2.9% over the past year, and up 5.4% a year over five years.
What is the typical rent in 40383?: A typical home in 40383 rents for about $1,770 a month, a gross rental yield of 5.9%.
What is the property tax rate in 40383?: The effective property tax rate in 40383 is 0.7% — roughly $2,469 a year on a typical home.
Who lives in 40383?: ZIP code 40383 has a population of 24,793 and a median household income of $85,213.

#Comparable ZIPs

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

40347 vs 40383 →
Midway, KY
Typical home
$368,247
Gross yield
—
40379 vs 40383 →
Stamping Ground, KY
Typical home
$350,801
Gross yield
—
40503
Lexington-Fayette urban county, KY
Typical home
$347,576
Gross yield
5.4%
40514
Lexington-Fayette urban county, KY
Typical home
$373,172
Gross yield
6.2%
40516
Lexington-Fayette urban county, KY
Typical home
$341,760
Gross yield
—
40324
Georgetown, KY
Typical home
$338,467
Gross yield
5.3%

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Pit ZIP 40383 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · KY40383

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