40516 Zip Code

April 20, 2024

Zip Code:	40516
City/Town:	Lexington
State:	Kentucky

Population:	2,877
Per Capita Income:	$35,779
Mean Household Income:	$86,855

Total Housing Units:	1,168
Median Home Value:	$121,900
Median Year Homes Built:	1985

Land Area:	35.2 sq miles 91.2 sq kilometers
Water Area:	0.1 sq miles 0.3 sq kilometers

Population Information (40516 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

2,877

Male:

1,421

49.4%

49.2%

Female:

1,456

50.6%

50.8%

Median Age:

41.6 yrs

37.2 yrs

Under 5 years:

163

5.7%

6.5%

5 to 9 years:

158

6.2%

6.6%

10 to 19 years:

366

12.7%

13.8%

20 to 29 years:

313

10.9%

13.8%

30 to 39 years:

374

13.0%

40 to 49 years:

470

16.3%

14.2%

50 to 59 years:

436

15.2%

13.6%

60 to 69 years:

317

11.0%

9.4%

70 to 79 years:

177

6.2%

5.4%

80 years and over:

103

3.6%

3.7%

Housing Information (40516 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$121,900

$119,600

Median year homes build:

1985

1971

Median real estate taxes:

$970 / yr.

$1,334 / yr.

Median rent:

$609 / mo.

$519 / mo.

Total households:

1,168

Family households:

789

67.6%

66.4%

Nonfamily households:

379

32.4%

33.6%

Households with individuals under 18 years:

344

29.5%

33.4%

Households with individuals 65 years and over:

276

23.6%

24.9%

Average household size:

2.4

Average family size:

2.9

Total housing units:

1,293

Occupied housing units:

1,168

90.3%

88.6%

Vacant housing units:

125

9.7%

11.4%

For rent:

1.6%

3.1%

Rented, not occupied:

0.2%

For sale only:

1.7%

1.4%

Sold, not occupied:

0.7%

0.3%

For seasonal, recreational, or occasional use:

2.6%

3.5%

All other vacants:

2.9%

2.8%

Homeowner vacancy rate:

2.4%

Rental vacancy rate:

7.0%

9.2%

Owner-occupied housing units:

891

Population in owner-occupied housing units:

2,088

Average household size of owner-occupied units:

2.3

2.65

Renter-occupied housing units:

277

Population in renter-occupied housing units:

726

Average household size of renter-occupied units:

2.6

2.44

Educational Attainment (40516 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

1,714

Less than 9th grade:

134

7.8%

6.2%

9th to 12th grade, no diploma:

177

10.3%

8.7%

High school graduate (includes equivalency):

455

26.5%

29.0%

Some college, no degree:

301

17.6%

20.6%

Associate degree:

132

7.7%

7.5%

Bachelor's degree:

281

16.4%

17.6%

Graduate or professional degree:

234

13.7%

10.3%

Percent high school graduate or higher:

81.9%

85.0%

Percent bachelor's degree or higher:

30.0%

27.9%

Income Information (40516 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:

884

30.7%

50.4%

Median income:

$32,203 / yr.

$27,932 / yr.

Full-time, year-round workers:

524

18.2%

59.7%

Median income:

$41,571 / yr.

$38,349 / yr.

Females 15 years and over with income:

879

30.6%

49.6%

Median income:

$19,673 / yr.

$16,327 / yr.

Full-time, year-round workers:

383

13.3%

40.3%

Median income:

$30,785 / yr.

$28,135 / yr.

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