40508 Zip Code

April 20, 2024

Zip Code:	40508
City/Town:	Lexington
State:	Kentucky

Population:	23,569
Per Capita Income:	$13,027
Mean Household Income:	$32,453

Total Housing Units:	9,123
Median Home Value:	$56,300
Median Year Homes Built:	1953

Land Area:	4.3 sq miles 11.0 sq kilometers
Water Area:	0.0 sq miles 0.0 sq kilometers

Population Information (40508 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

23,569

Male:

11,813

50.1%

49.2%

Female:

11,756

49.9%

50.8%

Median Age:

23.7 yrs

37.2 yrs

Under 5 years:

940

4.0%

6.5%

5 to 9 years:

826

14.7%

6.6%

10 to 19 years:

4,245

18.0%

13.8%

20 to 29 years:

8,471

35.9%

13.8%

30 to 39 years:

2,393

10.2%

13.0%

40 to 49 years:

2,219

9.4%

14.2%

50 to 59 years:

2,232

9.5%

13.6%

60 to 69 years:

1,279

5.4%

9.4%

70 to 79 years:

605

2.6%

5.4%

80 years and over:

359

1.5%

3.7%

Housing Information (40508 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$56,300

$119,600

Median year homes build:

1953

1971

Median real estate taxes:

$372 / yr.

$1,334 / yr.

Median rent:

$363 / mo.

$519 / mo.

Total households:

9,123

Family households:

3,067

33.6%

66.4%

Nonfamily households:

6,056

66.4%

33.6%

Households with individuals under 18 years:

1,551

17.0%

33.4%

Households with individuals 65 years and over:

1,237

13.6%

24.9%

Average household size:

2.1

Average family size:

3.0

Total housing units:

10,826

Occupied housing units:

9,123

84.3%

88.6%

Vacant housing units:

1,703

15.7%

11.4%

For rent:

974

9.0%

3.1%

Rented, not occupied:

0.2%

For sale only:

0.9%

1.4%

Sold, not occupied:

0.3%

For seasonal, recreational, or occasional use:

0.6%

3.5%

All other vacants:

512

4.7%

2.8%

Homeowner vacancy rate:

3.8%

2.4%

Rental vacancy rate:

12.5%

9.2%

Owner-occupied housing units:

2,314

Population in owner-occupied housing units:

5,196

Average household size of owner-occupied units:

2.3

2.65

Renter-occupied housing units:

6,809

Population in renter-occupied housing units:

13,897

Average household size of renter-occupied units:

2.0

2.44

Educational Attainment (40508 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

12,598

Less than 9th grade:

1,627

12.9%

6.2%

9th to 12th grade, no diploma:

2,310

18.3%

8.7%

High school graduate (includes equivalency):

2,835

22.5%

29.0%

Some college, no degree:

2,131

16.9%

20.6%

Associate degree:

520

4.1%

7.5%

Bachelor's degree:

1,645

13.1%

17.6%

Graduate or professional degree:

1,530

12.1%

10.3%

Percent high school graduate or higher:

68.7%

85.0%

Percent bachelor's degree or higher:

25.2%

27.9%

Income Information (40508 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:

10,686

45.3%

50.4%

Median income:

$10,165 / yr.

$27,932 / yr.

Full-time, year-round workers:

2,823

12.0%

59.7%

Median income:

$22,680 / yr.

$38,349 / yr.

Females 15 years and over with income:

10,428

44.2%

49.6%

Median income:

$7,144 / yr.

$16,327 / yr.

Full-time, year-round workers:

2,310

9.8%

40.3%

Median income:

$22,053 / yr.

$28,135 / yr.

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