Rental numbers for Fayette County, KY
The typical home here runs -$1,107 a month at 7.78% with 25% down. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.3%.
- Gross yield
- 5.6%
- typical home, Zillow
- Median ZIP yield
- 6.3%
- 11 ZIPs with full data
- Cash flow
- -$1,107/mo
- at 7.78%, 25% down
- Typical price
- $333,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,552/mo
- Zillow ZORI, Aug 2026
ZIP codes in Fayette County
14 with published figures
| 40511Lexington | $314,000 | $1,920 | 7.3% | 3.9% | -$663 | +3.2% |
| 40504Lexington | $272,000 | $1,568 | 6.9% | 3.5% | -$677 | +4.6% |
| 40514Lexington | $372,000 | $2,045 | 6.6% | 3.5% | -$930 | +10.8% |
| 40517Lexington | $256,000 | $1,405 | 6.6% | 3.2% | -$691 | +2.2% |
| 40505Lexington | $231,000 | $1,227 | 6.4% | 2.9% | -$693 | +4.9% |
| 40508Lexington | $229,000 | $1,192 | 6.3% | 2.8% | -$697 | +3.3% |
| 40503Lexington | $347,000 | $1,544 | 5.3% | 2.3% | -$1,213 | +3.2% |
| 40515Lexington | $383,000 | $1,538 | 4.8% | 1.9% | -$1,447 | +3.0% |
| 40509Lexington | $403,000 | $1,579 | 4.7% | 1.8% | -$1,584 | +2.6% |
| 40516Lexington | $344,000 | $1,300* | 4.5% | 1.5% | -$1,436 | n/a |
| 40507Lexington | $418,000 | $1,408 | 4.0% | 0.9% | -$1,948 | n/a |
| 40513Lexington | $573,000 | $1,650* | 3.5% | 0.8% | -$2,689 | n/a |
| 40502Lexington | $569,000 | $1,480 | 3.1% | 0.6% | -$2,783 | +6.0% |
| 40510Lexington | $764,000 | $1,430* | 2.3% | 0.2% | -$4,003 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.4%
- Rent, 12 months
- +2.9%
- Rent minus price growth
- -0.5 pts
- Property tax
- 0.87%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $250,099 | $1,163 |
| Aug 2022 | $281,485 | $1,296 |
| Aug 2023 | $297,058 | $1,362 |
| Aug 2024 | $312,229 | $1,445 |
| Aug 2025 | $321,903 | $1,508 |
| Aug 2026 | $332,844 | $1,552 |
HUD Fair Market Rent
FY2027, Lexington-Fayette, KY MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $986 | $1,205 | $1,416 | $1,948 | $2,108 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 8.0
- 1,116 units, last 12 months
- National percentile
- 64th
- among US counties
Tools
Test a listing in Fayette County against today's rate.
Open the calculatorPart of the Lexington, KY metro.
Questions
- Is Fayette County good for rental property?
- The typical home here runs -$1,107 a month at 7.78% with 25% down. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.3%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Fayette County?
- About 0.87% of value, from Census ACS median taxes paid over median home value. On a $333,000 home that is about $2,882 a year.
- What is Fair Market Rent in Fayette County?
- HUD's FY2027 Fair Market Rent here is $1,205 for a 1-bedroom, $1,416 for a 2-bedroom and $1,948 for a 3-bedroom. Typical cash flow at today's rate is -$1,107 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.