40505 Zip Code

May 5, 2024

Zip Code:	40505
City/Town:	Lexington
State:	Kentucky

Population:	26,040
Per Capita Income:	$22,563
Mean Household Income:	$50,157

Total Housing Units:	11,020
Median Home Value:	$79,500
Median Year Homes Built:	1963

Land Area:	8.0 sq miles 20.7 sq kilometers
Water Area:	0.0 sq miles 0.0 sq kilometers

Population Information (40505 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

26,040

Male:

12,875

49.4%

49.2%

Female:

13,165

50.6%

50.8%

Median Age:

39.0 yrs

37.2 yrs

Under 5 years:

1,693

6.5%

5 to 9 years:

1,524

6.0%

6.6%

10 to 19 years:

3,073

11.8%

13.8%

20 to 29 years:

3,475

13.3%

13.8%

30 to 39 years:

3,613

13.9%

13.0%

40 to 49 years:

3,700

14.2%

50 to 59 years:

3,825

14.7%

13.6%

60 to 69 years:

2,663

10.2%

9.4%

70 to 79 years:

1,591

6.1%

5.4%

80 years and over:

883

3.4%

3.7%

Housing Information (40505 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$79,500

$119,600

Median year homes build:

1963

1971

Median real estate taxes:

$651 / yr.

$1,334 / yr.

Median rent:

$398 / mo.

$519 / mo.

Total households:

11,020

Family households:

6,653

60.4%

66.4%

Nonfamily households:

4,367

39.6%

33.6%

Households with individuals under 18 years:

3,097

28.1%

33.4%

Households with individuals 65 years and over:

2,758

25.0%

24.9%

Average household size:

2.4

Average family size:

2.9

Total housing units:

12,162

Occupied housing units:

11,020

90.6%

88.6%

Vacant housing units:

1,142

9.4%

11.4%

For rent:

515

4.2%

3.1%

Rented, not occupied:

0.2%

For sale only:

179

1.5%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

0.3%

3.5%

All other vacants:

366

3.0%

2.8%

Homeowner vacancy rate:

2.7%

2.4%

Rental vacancy rate:

9.9%

9.2%

Owner-occupied housing units:

6,370

Population in owner-occupied housing units:

14,815

Average household size of owner-occupied units:

2.3

2.65

Renter-occupied housing units:

4,650

Population in renter-occupied housing units:

11,132

Average household size of renter-occupied units:

2.4

2.44

Educational Attainment (40505 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

18,071

Less than 9th grade:

1,618

9.0%

6.2%

9th to 12th grade, no diploma:

3,122

17.3%

8.7%

High school graduate (includes equivalency):

6,199

34.3%

29.0%

Some college, no degree:

3,868

21.4%

20.6%

Associate degree:

962

5.3%

7.5%

Bachelor's degree:

1,505

8.3%

17.6%

Graduate or professional degree:

797

4.4%

10.3%

Percent high school graduate or higher:

73.8%

85.0%

Percent bachelor's degree or higher:

12.7%

27.9%

Income Information (40505 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

9,560

36.7%

50.4%

Median income:

$23,078 / yr.

$27,932 / yr.

Full-time, year-round workers:

5,264

20.2%

59.7%

Median income:

$30,502 / yr.

$38,349 / yr.

Females 15 years and over with income:

9,758

37.5%

49.6%

Median income:

$15,722 / yr.

$16,327 / yr.

Full-time, year-round workers:

4,098

15.7%

40.3%

Median income:

$23,514 / yr.

$28,135 / yr.

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