40516 ZIP Code – Lexington, Kentucky
40516 is a ZIP code serving Lexington, Kentucky in Fayette County with a population of approximately 2,758 residents. At $84,836, the median household income here runs well above the Kentucky average and above the U.S. average. At $214,400, median home values run below the national average, with 81.3% owner-occupied housing (increasing). , with median rent coming in at $1,071 — near the national figure. Housing consists of 91% single-family (increasing).
Unemployment stands at 1.6%, which is well below the U.S. rate. The poverty rate of 21.2% is well above the U.S. average. 38.2% of adults hold a bachelor's degree or higher, above the U.S. average. The median age is 37.4, near the national median. The surrounding area includes ZIP codes 40505, 40509, 40511.
ZIP Code 40516 Data
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ZIP 40516 vs. Kentucky vs. U.S.
| Metric | ZIP 40516 | KY Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 2,758 | 5,902 | 10k |
| Median Household Income | $84k | $55k | $73k |
| Median Home Value | $214k | $139k | $258k |
| Median Rent | $1,071 | $801 | $1,088 |
| Median Age | 37.4 | 42.4 | 43.2 |
| Unemployment Rate | 1.6% | 5.6% | 5.0% |
| Poverty Rate | 21.2% | 21.4% | 13.3% |
| Bachelor's Degree or Higher | 38.2% | 16.9% | 26.9% |
Demographics Charts
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Gender
Education Level (adults 25+)
Nearby ZIP Codes
- 40505 – Lexington
- 40509 – Lexington
- 40511 – Lexington
- 40507 – Lexington
- 40508 – Lexington
- 40502 – Lexington
- 40526 – Lexington
- 40536 – Lexington
- 40517 – Lexington
- 40504 – Lexington
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 40505 | LEXINGTON | 25,969 | $56,957 |
| 40509 | LEXINGTON | 45,181 | $90,503 |
| 40511 | LEXINGTON | 34,873 | $76,863 |
| 40507 | LEXINGTON | 2,057 | $45,000 |
| 40508 | LEXINGTON | 25,518 | $27,711 |