| ZIP Code | 40516 |
|---|---|
| City | Lexington |
| State | Kentucky (KY) |
| County | Fayette County |
| Area Code | 859 |
| Elevation | 988 ft |
| Latitude | 38.071804 |
|---|---|
| Longitude | -84.364002 |
| Timezone | New York (DST) |
| FIPS | 21067 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.4 yrs ↓ 9% since 2019 |
|---|---|
| Avg Household Size | 2.49 |
| Below Poverty | 20.9% ▲ 109% above avg |
| College Grads | 49.5% ▲ 28% above avg |
| Unemployment | 1.6% ▼ 68% below avg |
| No HS Diploma | 10 (0.6%) |
| HS Graduate | 357 (20.6%) |
| Some College | 214 (12.3%) |
| Associates | 295 (17%) |
| Bachelors | 191 (11%) |
| Graduate Degree | 667 (38.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $85,655 ▲ 12% above avg ↑ 24% since 2019 |
|---|---|
| Median Home Value | $249,800 ▼ 10% below avg ↑ 49% since 2019 |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $1,166/mo ↑ 21% since 2019 |
| Total Units | 1,131 |
| Vacant Units | 30 |
| Avg HH Size | 2.49 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,131 |
|---|---|
| Vacant | 30 |
| Owner Occupied | 82.0% |
| Renter Occupied | 18.0% |
| Avg HH Size | 2.49 |
ZIP code 40516 is located in Lexington, Kentucky, within Fayette County. With a population of 2,809, this is a sparsely populated ZIP code with a relatively young community — the median age is 37.4 years. Economically, 40516 is a middle-income ZIP code: the median household income of $85,655 is near the national average.
Real estate in ZIP code 40516 represents an affordable housing market. The median home value of $249,800 is near the national average. Renters can expect to pay around $1,166 per month in median rent. Homeownership is strong here — 82.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 49% since 2019.
The population of 40516 is primarily White (79.21%). Residents are well-educated — 49.5% hold a bachelor's degree or higher, which is above the national average. Poverty affects a significant share of residents at 20.9%. Household income has grown by 24% since 2019.
The unemployment rate in 40516 stands at 1.6%, which is well below the national average. About 13% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 77%.
Overall, ZIP code 40516 in Lexington, KY is characterized as middle-income, well-educated, a relatively young community, and predominantly owner-occupied. With 2,809 residents, a median household income of $85,655, and a median home value of $249,800, it offers a clear picture of life in this part of Kentucky.