How much is a home worth in ZIP code 40391?

The typical home in 40391 is worth $252,047, based on the Zillow Home Value Index.

Are home values rising in 40391?

Home values in 40391 are up 3.9% over the past year, and up 7.6% a year over five years.

What is the typical rent in 40391?

A typical home in 40391 rents for about $1,199 a month, a gross rental yield of 5.7%.

What is the property tax rate in 40391?

The effective property tax rate in 40391 is 0.8% — roughly $1,918 a year on a typical home.

ZIP code 40391 has a population of 36,796 and a median household income of $64,144.

HousingHandbookReference data

…

U.S. ZIP Code · KY40391

Clark County · Lexington-Fayette, KY

Typical home value

$252,047^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.9%
5-year / yr: +7.6%
10-year / yr: +7.7%

Relative price

vs U.S.: -11.3%
vs metro: -25.9%
vs state: +51.7%

Price history

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

The typical home in 40391 is worth $252,047 — 25.9% below the Lexington-Fayette, KY median. Over the past year, values have risen 3.9%. Homes here rent for a typical $1,199 a month — a 5.7% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,199^[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: 0.8%^[3]
Typical annual tax: $1,918^[3]

#Climate risk

FEMA National Risk Index ratings for Clark 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: 36,796^[3]
Median household income: $64,144^[3]

#Migration

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

Net migration: +114^[5]
Moved in: 1,052
Moved out: 938

Schools

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

Public schools: 10
Elementary: 4
Middle: 2
High: 2

George Rogers Clark High School
High · Grades 9–12 · Clark County
1,704 students
Robert D. Campbell Jr. High
Middle · Grades 7–8 · Clark County
789 students
Rev. Henry E. Baker Sr. Interm. School
Middle · Grades 5–6 · Clark County
714 students
Strode Station Elementary School
Elementary · Grades K–4 · Clark County
521 students
William G. Conkwright Elementary
Elementary · Grades K–4 · Clark County
504 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$14,388

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$1,274

Loan principal$201,637

Down payment$50,409

Total interest paid$257,177

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 ratio1.37

Monthly cost to own$1,644

Monthly rent$1,199

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: 96th percentile^[1]
Rental yield: 50th percentile^[2]
Property tax: 43rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 40391?: The typical home in 40391 is worth $252,047, based on the Zillow Home Value Index.
Are home values rising in 40391?: Home values in 40391 are up 3.9% over the past year, and up 7.6% a year over five years.
What is the typical rent in 40391?: A typical home in 40391 rents for about $1,199 a month, a gross rental yield of 5.7%.
What is the property tax rate in 40391?: The effective property tax rate in 40391 is 0.8% — roughly $1,918 a year on a typical home.
Who lives in 40391?: ZIP code 40391 has a population of 36,796 and a median household income of $64,144.

#Comparable ZIPs

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

40361 vs 40391 →
Paris, KY
Typical home
$251,625
Gross yield
5.7%
40517 vs 40391 →
Lexington-Fayette urban county, KY
Typical home
$254,959
Gross yield
6.4%
40504
Lexington-Fayette urban county, KY
Typical home
$272,582
Gross yield
6.3%
40505
Lexington-Fayette urban county, KY
Typical home
$231,123
Gross yield
6.6%
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 · KY40391

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