40503 Zip Code

April 25, 2024

Zip Code:	40503
City/Town:	Lexington
State:	Kentucky

Population:	28,003
Per Capita Income:	$29,710
Mean Household Income:	$65,530

Total Housing Units:	12,264
Median Home Value:	$113,700
Median Year Homes Built:	1964

Land Area:	8.8 sq miles 22.9 sq kilometers
Water Area:	0.0 sq miles 0.0 sq kilometers

Population Information (40503 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

28,003

Male:

13,827

49.4%

49.2%

Female:

14,176

50.6%

50.8%

Median Age:

37.2 yrs

Under 5 years:

1,490

5.3%

6.5%

5 to 9 years:

1,487

5.6%

6.6%

10 to 19 years:

3,074

11.0%

13.8%

20 to 29 years:

5,318

19.0%

13.8%

30 to 39 years:

3,629

13.0%

40 to 49 years:

3,715

13.3%

14.2%

50 to 59 years:

3,803

13.6%

60 to 69 years:

2,663

9.5%

9.4%

70 to 79 years:

1,658

5.9%

5.4%

80 years and over:

1,166

4.2%

3.7%

Housing Information (40503 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$113,700

$119,600

Median year homes build:

1964

1971

Median real estate taxes:

$861 / yr.

$1,334 / yr.

Median rent:

$497 / mo.

$519 / mo.

Total households:

12,264

Family households:

7,106

57.9%

66.4%

Nonfamily households:

5,158

42.1%

33.6%

Households with individuals under 18 years:

3,117

25.4%

33.4%

Households with individuals 65 years and over:

2,886

23.5%

24.9%

Average household size:

2.3

Average family size:

2.9

Total housing units:

13,196

Occupied housing units:

12,264

92.9%

88.6%

Vacant housing units:

932

7.1%

11.4%

For rent:

457

3.5%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

158

1.2%

1.4%

Sold, not occupied:

0.3%

For seasonal, recreational, or occasional use:

0.6%

3.5%

All other vacants:

186

1.4%

2.8%

Homeowner vacancy rate:

1.9%

2.4%

Rental vacancy rate:

9.5%

9.2%

Owner-occupied housing units:

7,925

Population in owner-occupied housing units:

18,300

Average household size of owner-occupied units:

2.3

2.65

Renter-occupied housing units:

4,339

Population in renter-occupied housing units:

9,679

Average household size of renter-occupied units:

2.2

2.44

Educational Attainment (40503 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

18,644

Less than 9th grade:

471

2.5%

6.2%

9th to 12th grade, no diploma:

918

4.9%

8.7%

High school graduate (includes equivalency):

3,858

20.7%

29.0%

Some college, no degree:

4,470

24.0%

20.6%

Associate degree:

1,332

7.1%

7.5%

Bachelor's degree:

4,136

22.2%

17.6%

Graduate or professional degree:

3,459

18.6%

10.3%

Percent high school graduate or higher:

92.5%

85.0%

Percent bachelor's degree or higher:

40.7%

27.9%

Income Information (40503 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:

10,420

37.2%

50.4%

Median income:

$30,460 / yr.

$27,932 / yr.

Full-time, year-round workers:

5,802

20.7%

59.7%

Median income:

$39,962 / yr.

$38,349 / yr.

Females 15 years and over with income:

10,628

38.0%

49.6%

Median income:

$20,171 / yr.

$16,327 / yr.

Full-time, year-round workers:

4,038

14.4%

40.3%

Median income:

$31,064 / yr.

$28,135 / yr.

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