40508 (Lexington, KY) mid-term rental market data
We track 40–120 active furnished monthly (30+ night) rental listings in 40508 (Lexington, KY). The rent range is $1,500–$2,700. Sign in to view the real market rent and listing count. Data updated July 2026.
Pricing by bedroom
AMR and listing counts per unit type in 40508 (Lexington, KY).
Who lives in 40508 (Lexington, KY)
U.S. Census demographics behind monthly demand.
- Population
- 24,356
- Median income
- $28,040
- Median age
- 24
- Renter-occupied
- 71%
- Median home value
- $174,900
Local economy
BLS employment for Fayette County.
- Hospitality20,356 · LQ 1.09
- Construction11,265 · LQ 1.03
- Professional services13,695 · LQ 0.99
- Healthcare27,377 · LQ 0.92
- Finance6,152 · LQ 0.75
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Comparables, demand drivers, rent trends, seasonality, regulations, and deal underwriting for 40508 (Lexington, KY).
Real 30+ night comparables
Every active 30+ night marketplace listing in 40508 (Lexington, KY), with photos and asking rents.
Demand drivers & deal underwriting
Hospitals, universities, and employers driving MTR demand in 40508 (Lexington, KY), plus cap rate, cash-on-cash, and DSCR on any property.
Rent trends
Month-over-month AMR for 40508 (Lexington, KY), so you can see where pricing is heading.
Seasonality
Which months book strongest in 40508 (Lexington, KY). Plan pricing and turnovers around real demand.
Local regulations
Whether 30+ night rentals are allowed in 40508 (Lexington, KY), short-term-rental rules, and HOA / zoning caveats to check before you buy.
Market opportunities
AI-surfaced opportunities and risks for 40508 (Lexington, KY): underserved unit types, demand spikes, and where supply is thin.
Mid-term rentals in 40508 (Lexington, KY): FAQ
- What is the rent range for a furnished monthly rental in 40508 (Lexington, KY)?
- The rent range for a furnished 30+ night rental in 40508 (Lexington, KY) is $1,500–$2,700. Sign in to view the real market rent. The listing range is 40–120 active 30+ night listings as of July 2026.
- How many furnished monthly rentals are there in 40508 (Lexington, KY)?
- The listing range for active 30+ night rentals in 40508 (Lexington, KY) is 40–120 as of July 2026. Sign in to view the real listing count.
- Are mid-term rentals legal in Lexington, KY?
- Rules are set locally. Most U.S. cities regulate short-term rentals (stays under 30 nights) and treat furnished stays of 30+ nights as ordinary tenancies, but some cities draw the line at a different length or limit furnished rentals in certain zones. Check Lexington, KY's current ordinance, plus HOA, lease, and zoning rules, before you buy or list.
Sources and methodology
The rent range and listing range come from active furnished monthly (30+ night) marketplace listings tracked by MTR Analytics as of July 2026. Sign in to view the real market rent and listing count. The real rent is the average asking monthly rent over up to the 12 most recent complete months. Demographics are U.S. Census Bureau ACS 5-year estimates. Employment is U.S. Bureau of Labor Statistics data for Fayette County. How these numbers are built.
Cite this page: MTR Analytics, “40508 (Lexington, KY) mid-term rental market data,” July 2026, https://mtranalytics.com/mid-term-rental-data/kentucky/40508.
Nearby Kentucky markets
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