40507 ZIP Code – Lexington, Kentucky

40507 is a ZIP code serving Lexington, Kentucky in Fayette County with a population of approximately 2,057 residents. Residents earn a median household income of $45,000, which is below the Kentucky average and below the national figure. The median home value of $346,600 is above the national average, with 24.2% owner-occupied housing (decreasing). , with median rent coming in at $786 — below the national figure. Housing consists of 17% single-family (increasing), 76% apartments (increasing), 7% duplex/multi-family.

The unemployment rate is 1.2%, well below the national average. About 29.9% of residents live below the poverty line, well above the national rate. An estimated 53.7% of adults hold a bachelor's degree or higher, well above the national average. At 50.4, the median age is above the national figure. ZIP codes in the surrounding area include 40508, 40526, 40536.

ZIP Code 40507 Data

Population 2,057
Median Household Income $45,000
Median Home Value $346,600
Median Rent $786
Median Age 50.4
Unemployment Rate 1.2%
Poverty Rate 29.9%
Bachelor's Degree or Higher 53.7%
State Kentucky

ZIP 40507 vs. Kentucky vs. U.S.

MetricZIP 40507KY Avg.U.S. Avg.
Population2,0575,90210k
Median Household Income$45k$55k$73k
Median Home Value$346k$139k$258k
Median Rent$786$801$1,088
Median Age50.442.443.2
Unemployment Rate1.2%5.6%5.0%
Poverty Rate29.9%21.4%13.3%
Bachelor's Degree or Higher53.7%16.9%26.9%

Demographics Charts

Race & Ethnicity

Gender

Education Level (adults 25+)

Nearby ZIP Codes

Nearby ZIP Code Comparison

ZIP Code City Population Median Income
40508 LEXINGTON 25,518 $27,711
40526 LEXINGTON 1,778 Not provided
40536 LEXINGTON Not provided Not provided
40505 LEXINGTON 25,969 $56,957
40502 LEXINGTON 27,118 $70,687