The 40508 housing market is somewhat competitive. The median sale price of a home in 40508 was $251K last month, up 30.6% since last year. The median sale price per square foot in 40508 is $210, up 11.7% since last year.
In March 2024, 40508 home prices were up 30.6% compared to last year, selling for a median price of $251K. On average, homes in 40508 sell after 63 days on the market compared to 39 days last year. There were 28 homes sold in March this year, down from 34 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$251,250
+30.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
40508, KY
$251,250
+30.6%
United States
To compare other locations to the 40508 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Kentucky add value to a home.
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How hot is the 40508 housing market?
40508 is somewhat competitive. Homes sell in 35 days.
0
100
57
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 6% below list price and go pending in around 35 days.
Hot homes
can sell for around list price and go pending in around 21 days.
Homes in this area are served by the Fayette County.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
6/10
Booker T Washington Elementary School
Public • PreK-5
265
Students
N/A
5/10
Ashland Elementary School
Public • K-5
299
Students
10 reviews
5/10
Arlington Elementary School
Public • PreK-5
316
Students
4 reviews
3/10
Harrison Elementary School
Public • K-5
264
Students
4 reviews
3/10
Maxwell Spanish Immersion Elementary School
Public • K-5 • Choice school
552
Students
3 reviews
Only showing 5 of
8 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 40508 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 40508.
Risk Factor
Flood Factor - Severe
35% of properties are at risk of severe flooding over the next 30 years
Flood Factor
40508 has a severe risk of flooding. 311 properties in 40508 are likely to be
severely affected
by flooding over the next 30 years. This represents 35% of all properties in 40508. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
40508 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 40508 is most at risk from hurricanes. 1,044 properties in 40508 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 49 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 58 mph.