The story of this market
The typical home in ZIP 40356 sells for about $256,225, or $167 per square foot.
Prices are down 3.5% from a year ago, which gives buyers more room to negotiate. Homes take about 66 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,154 a month.
ZIP 40356 — Nicholasville
The housing market in ZIP 40356 is currently balanced, with a median listing price of $256,225 and a moderate pace of sales. Year-over-year price trends show a slight decline, reflecting a cooling period in the local real estate cycle.
This area is well-suited for family buyers and those seeking a more affordable, balanced housing market compared to the larger Lexington metro core.
Median prices moved down 3.5% year over year.
Homes spend a median of 66 days on market with 5.8 months of supply — a balanced-paced market.
20% of listings have cut prices · homes sell at 95.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 11.1% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40356, Montgomery County KY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Property taxes are assessed at the county level; specific rates vary by local taxing districts including school, city, and county levies.
The rental market shows moderate demand with a median rent of approximately $825 per month.
The local economy is primarily supported by regional trade and services within the Montgomery County area.
Data retrieved from US Census Bureau ZCTA 40356 profiles.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.