| ZIP Code | 40508 |
|---|---|
| City | Lexington |
| State | Kentucky (KY) |
| County | Fayette County |
| Area Code | 502/859 |
| Elevation | 950 ft |
| Latitude | 38.060945 |
|---|---|
| Longitude | -84.511395 |
| Timezone | New York (DST) |
| FIPS | 21067 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 23.7 yrs ↑ 3% since 2019 |
|---|---|
| Avg Household Size | 1.90 |
| Below Poverty | 29.9% ▲ 199% above avg |
| College Grads | 47.7% ▲ 23% above avg |
| Unemployment | 9.4% ▲ 92% above avg |
| No HS Diploma | 281 (2.9%) |
| HS Graduate | 2,015 (20.6%) |
| Some College | 1,223 (12.5%) |
| Associates | 1,605 (16.4%) |
| Bachelors | 904 (9.2%) |
| Graduate Degree | 3,774 (38.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $28,040 ▼ 63% below avg ↑ 9% since 2019 |
|---|---|
| Median Home Value | $174,900 ▼ 37% below avg ↑ 38% since 2019 |
| Home/Income Ratio | 6.2x (nat avg ~3.5x) |
| Median Rent | $900/mo ↑ 17% since 2019 |
| Total Units | 11,458 |
| Vacant Units | 1,478 |
| Avg HH Size | 1.90 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 11,458 |
|---|---|
| Vacant | 1,478 |
| Owner Occupied | 28.7% |
| Renter Occupied | 71.3% |
| Avg HH Size | 1.90 |
ZIP code 40508 is located in Lexington, Kentucky, within Fayette County. With a population of 24,356, this is a moderately populated ZIP code with a young community — the median age is 23.7 years. Economically, 40508 is a lower-income ZIP code: the median household income of $28,040 is well below the national average.
Real estate in ZIP code 40508 represents an affordable housing market. The median home value of $174,900 is below the national average. Renters can expect to pay around $900 per month in median rent. This is predominantly a renter community, with 71.3% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 38% since 2019.
The population of 40508 is majority White (60.23%). Residents are well-educated — 47.7% 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 9% since 2019.
The unemployment rate in 40508 stands at 9.4%, which is significantly above the national average. As in most parts of the country, driving alone is the dominant commute mode at 59%.
Overall, ZIP code 40508 in Lexington, KY is characterized as lower-income, well-educated, and a young community. With 24,356 residents, a median household income of $28,040, and a median home value of $174,900, it offers a clear picture of life in this part of Kentucky.