3-digit ZIP regional index
Home appreciation in ZIP codes 405xxLexington-Fayette, KY area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 405 changed +6.6% over the year to Q2 2026, compared with +4.7% for Kentucky and +3.0% for the United States.
The region covers ZIP codes 40502–40517. Most of its 2010 population lived in Fayette County (100%). This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +6.6%
- 5-year change
- +53.4%
- Since Q1 1995
- +287%
- National rank (1 year)
- 100th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 405 vs Kentucky and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 405: 386.8
- Kentucky: 338.8
- Lexington-Fayette, KY metro: 371.4
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 405 | KY | U.S. | Gap vs KY | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.6% | +4.7% | +3.0% | +1.8 pts | +3.6 pts |
| 3 years | +18.0% | +16.2% | +12.9% | +1.8 pts | +5.2 pts |
| 5 years | +53.4% | +45.9% | +41.3% | +7.6 pts | +12.1 pts |
| 10 years | +108% | +91.2% | +93.3% | +16.5 pts | +14.4 pts |
| Since Q1 1995 | +287% | +239% | +292% | +48.0 pts | −4.8 pts |
If you bought in ZIP3 405 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +281% | $1,143,809 |
| Q2 2000 | +202% | $906,186 |
| Q2 2005 | +139% | $716,975 |
| Q2 2010 | +127% | $681,796 |
| Q2 2015 | +116% | $646,936 |
| Q2 2020 | +71.2% | $513,603 |
| Q2 2021 | +53.4% | $460,319 |
| Q2 2023 | +18.0% | $354,035 |
| Q2 2025 | +6.6% | $319,733 |
How ZIP3 405 ranks
Over the past year ZIP3 405 ranks 100th of 882 3-digit ZIP regions nationally and 4th of 27 in Kentucky. Its one-year change is +3.6 pts versus the nation and +1.8 pts versus Kentucky. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Kentucky |
|---|---|---|
| 1 year | 100th of 882 | 4th of 27 |
| 3 years | 298th of 882 | 18th of 27 |
| 5 years | 151st of 882 | 1st of 27 |
| 10 years | 221st of 882 | 1st of 27 |
| Since Q1 1995 | 350th of 879 | 1st of 27 |
Boom, bust, and recovery in ZIP3 405
ZIP3 405's index peaked in Q1 2008, fell 3.5% to its low in Q2 2011, and regained its peak in Q4 2014, about 6.8 years after the top. Today it sits +122% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 405 | Q1 2008 | Q2 2011 | -3.5% | Q4 2014 (6.8 yrs) | +122% |
| KY | Q1 2008 | Q2 2011 | -4.4% | Q1 2015 (7 yrs) | +102% |
| Metro | Q2 2008 | Q3 2011 | -4.2% | Q2 2015 (7 yrs) | +114% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 405's index has changed +74.7% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 405 after inflation | KY after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +2.6% | +0.8% | +2.2% | -0.8% |
| 3 years | +9.8% | +7.5% | +5.8% | +7.4% | +2.8% |
| 5 years | +24.0% | +23.7% | +17.6% | +22.9% | +13.9% |
| 10 years | +39.1% | +49.4% | +37.5% | +46.2% | +39.0% |
| Since Q1 1995 | +121% | +74.7% | +53.0% | +67.8% | +76.8% |
Estimate appreciation for a home in ZIP3 405
Regional estimate
$623,170
- Estimated gain
- $323,170
- Index change
- +108%
- Start index
- 186.19
- End index
- 386.76
ZIP3 405 (Lexington-Fayette, KY area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 403 · Georgetown, KY area | KY | +6.0% | +52.8% | +250% |
| 406 · Frankfort, KY area | KY | +5.6% | +50.5% | +243% |
| 404 · Richmond, KY area | KY | +7.3% | +50.0% | +258% |
| 400 · Shelbyville, KY area | KY | +0.6% | +42.5% | +238% |
| 410 · Covington, KY area | KY | +4.5% | +49.0% | +229% |
| 425 · Somerset, KY area | KY | +5.6% | +50.5% | +243% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 386.76 |
| Q1 2026 | 377.46 |
| Q4 2025 | 373.67 |
| Q3 2025 | 368.98 |
| Q2 2025 | 362.89 |
| Q1 2025 | 359.61 |
| Q4 2024 | 358.29 |
| Q3 2024 | 347.26 |
| Q2 2024 | 352.27 |
| Q1 2024 | 337.32 |
| Q4 2023 | 333.62 |
| Q3 2023 | 335.33 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 405?
- Based on FHFA HPI® data for 3-digit ZIP region 405, the regional index changed +6.6% over the year to Q2 2026, +53.4% over five years, +108% over ten years, and +287% since Q1 1995.
- Is ZIP3 405 appreciating faster than Kentucky and the U.S.?
- Over the past year the region's index +6.6% compares with +4.7% for Kentucky and +3.0% for the U.S., a gap of +3.6 pts versus the nation. Over five years the gap versus the nation is +12.1 pts.
- Which ZIP codes are in 3-digit ZIP region 405?
- All ZIP codes that begin with 405. Census 2010 ZIP Code Tabulation Areas in this region run from 40502 to 40517 (15 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.