40403 — Madison County, Kentucky Market Snapshot
Housing market data for zip code 40403 in Madison County, Kentucky. Updated monthly with median prices, days on market, and more.
Market Sales Data
102 sales in 2026 (year to date)
Median Sale Price
$261,500
Days to Sell
87
Homes Sold
102
Inventory
124
Sale-to-List
97.4%
New Listings
132
Price/SqFt
$169
Pending Sales
124
Conforming Loan Available
Most homebuyers in 40403 can comfortably use conventional financing. The median home price of $261,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 87 days on average, 40403 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 40403 sells for 2.6% below asking price (97.4% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 40403 can comfortably use conventional financing. The median home price of $261,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 40403 are set at the county level.
2026 Loan Limits — Madison County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 40403
To purchase the median home at $261,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,154.
Monthly Payment
$2,154
Income Required
$92,294
Principal & Interest
$1,611/mo
Down Payment (5%)
$13,075
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 40403.
Estimated Monthly Payment
$1,768
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