| ZIP Code | 40502 |
|---|---|
| City | Lexington |
| State | Kentucky (KY) |
| County | Fayette County |
| Area Code | 502/859 |
| Elevation | 1,030 ft |
| Latitude | 38.010953 |
|---|---|
| Longitude | -84.483191 |
| Timezone | New York (DST) |
| FIPS | 21067 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.5 yrs ↑ 6% since 2019 |
|---|---|
| Avg Household Size | 2.03 |
| Below Poverty | 10.9% ▲ 9% above avg |
| College Grads | 71.0% ▲ 83% above avg |
| Unemployment | 4.3% ▼ 12% below avg |
| No HS Diploma | 101 (0.6%) |
| HS Graduate | 1,713 (10.5%) |
| Some College | 904 (5.6%) |
| Associates | 1,998 (12.3%) |
| Bachelors | 853 (5.2%) |
| Graduate Degree | 10,703 (65.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $73,939 ≈ Avg ↑ 2% since 2019 |
|---|---|
| Median Home Value | $483,600 ▲ 73% above avg ↑ 38% since 2019 |
| Home/Income Ratio | 6.5x (nat avg ~3.5x) |
| Median Rent | $1,068/mo ↑ 15% since 2019 |
| Total Units | 14,232 |
| Vacant Units | 1,152 |
| Avg HH Size | 2.03 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 14,232 |
|---|---|
| Vacant | 1,152 |
| Owner Occupied | 57.4% |
| Renter Occupied | 42.6% |
| Avg HH Size | 2.03 |
ZIP code 40502 is located in Lexington, Kentucky, within Fayette County. With a population of 26,593, this is a moderately populated ZIP code with a middle-aged community — the median age is 39.5 years. Economically, 40502 is a solidly middle-class ZIP code: the median household income of $73,939 is near the national average.
Real estate in ZIP code 40502 represents a premium housing market. The median home value of $483,600 is significantly above the national average. Renters can expect to pay around $1,068 per month in median rent. The area has a relatively balanced mix of owners (57.4%) and renters (42.6%). Median home values have increased by 38% since 2019.
The population of 40502 is primarily White (85.26%). Residents are highly educated — 71.0% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects some residents at 10.9%. Household income has grown by 2% since 2019.
The unemployment rate in 40502 stands at 4.3%, which is near the national average. About 15% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 74%.
Overall, ZIP code 40502 in Lexington, KY is characterized as solidly middle-class, highly educated, and a middle-aged community. With 26,593 residents, a median household income of $73,939, and a median home value of $483,600, it offers a clear picture of life in this part of Kentucky.