| ZIP Code | 40507 |
|---|---|
| City | Lexington |
| State | Kentucky (KY) |
| County | Fayette County |
| Area Code | 502/859 |
| Elevation | 950 ft |
| Latitude | 38.046898 |
|---|---|
| Longitude | -84.496262 |
| Timezone | New York (DST) |
| FIPS | 21067 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 50.4 yrs ↑ 15% since 2019 |
|---|---|
| Avg Household Size | 1.37 |
| Below Poverty | 29.9% ▲ 199% above avg |
| College Grads | 52.6% ▲ 36% above avg |
| Unemployment | 1.2% ▼ 75% below avg |
| HS Graduate | 370 (23.3%) |
| Some College | 232 (14.6%) |
| Associates | 150 (9.5%) |
| Bachelors | 38 (2.4%) |
| Graduate Degree | 797 (50.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $34,543 ▼ 55% below avg ↑ 14% since 2019 |
|---|---|
| Median Home Value | $391,000 ▲ 40% above avg ↑ 24% since 2019 |
| Home/Income Ratio | 11.3x (nat avg ~3.5x) |
| Median Rent | $642/mo |
| Total Units | 1,765 |
| Vacant Units | 138 |
| Avg HH Size | 1.37 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,765 |
|---|---|
| Vacant | 138 |
| Owner Occupied | 21.6% |
| Renter Occupied | 78.4% |
| Avg HH Size | 1.37 |
ZIP code 40507 is located in Lexington, Kentucky, within Fayette County. With a population of 2,225, this is a sparsely populated ZIP code with a mature community — the median age is 50.4 years. Economically, 40507 is a lower-income ZIP code: the median household income of $34,543 is well below the national average.
Real estate in ZIP code 40507 represents a mid-range housing market. The median home value of $391,000 is above the national average. Renters can expect to pay around $642 per month in median rent. This is predominantly a renter community, with 78.4% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 24% since 2019.
The population of 40507 is majority White (65.30%). Residents are well-educated — 52.6% hold a bachelor's degree or higher, which is above the national average. Poverty affects a significant share of residents at 29.9%. Household income has grown by 14% since 2019.
The unemployment rate in 40507 stands at 1.2%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 53%.
Overall, ZIP code 40507 in Lexington, KY is characterized as lower-income, well-educated, and a mature community. With 2,225 residents, a median household income of $34,543, and a median home value of $391,000, it offers a clear picture of life in this part of Kentucky.