Midway, KY · standard
ZIP Code 40347
Woodford County, Kentucky - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 2,767
- 31/sq mi
- $85,270
- Median income
- $354,000
- Median home value
- 44.8%
- Bachelor's or higher
The verdict
Midway pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.
- Top 32%
- household income, US ZIPs
- Top 26%
- home value, US ZIPs
- 31
- people per sq mi
- 78%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 40347 against every reporting US ZIP.
ZIP code 40347 covers 90.7 square miles in Midway, Woodford County, Kentucky (a standard USPS delivery area), with a modest 2,767 residents on file, a density of 31 people per square mile, in the New York time zone.
ZIP 40347 lands in the middle-income range, with a median household income of $85,270 (43% above the Kentucky average), while per-capita income is $49,045. Poverty here runs at 9.7%, with unemployment measured at 7.0%. On housing, the median home value is $354,000 (123% above the state average) with median rent at $1,071 per month, and 77.9% of occupied units are owner-occupied.
A solid share of residents have a four-year degree: 44.8% of adults hold a bachelor's degree or higher, the median age is 42.1, and the average commute is 20 minutes. Beyond these figures, 4 nearby ZIP codes within about 10 miles are surfaced below, along with 1 more sharing Woodford County, letting you compare 40347 to its immediate surroundings rather than a national baseline alone.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 40347
Top 5 sectors by establishment count in Midway, KY
Which industries have the most business establishments in ZIP 40347.
- Retail trade
Retail trade
13 establishments
- Accommodation and food services
Accommodation and food services
10 establishments
- Other services (except public administration)
Other services (except public administration)
9 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
8 establishments
- Arts, entertainment, and recreation
Arts, entertainment, and recreation
8 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 40347, Midway, KY · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
2,767
Population
90.7
Area (sq mi)
31
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 40347?
42.1
Median Age
50.1%
Male
49.9%
Female
10.1%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$85,270
Median Household Income
+43% vs state
$49,045
Per Capita Income
9.7%
Poverty Rate
7.0%
Unemployment Rate
19.9 min
Mean Commute Time
How ZIP 40347 ranks nationally
Midway, KY household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$85,270 Top 32% higher than 68% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
1,565
Total Housing Units
1,434
Occupied Units
131
Vacant Units
2.50
Avg Household Size
Occupancy Type
$354,000
Median Home Value
+123% vs state
$1,071
Median Rent
1976
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+5.6%
YoY Change (2024)
228
HPI Index (2000 = 100)
+128%
Total Change Since 2000
Home values in ZIP 40347 have increased 5.6% over the past year (2024). Since 2000, this ZIP has seen +128% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +3.0% | 163 |
| 2021 | +9.7% | 179 |
| 2022 | +10.1% | 197 |
| 2023 | +9.5% | 216 |
| 2024 | +5.6% | 228 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 90 business establishments in ZIP 40347, employing approximately 1,676 people with a combined annual payroll of $61,947,000.
90
Businesses
1,676
Employees
$61.9M
Annual Payroll
12
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 13 | 14.4% |
| Accommodation and food services | 10 | 11.1% |
| Other services (except public administration) | 9 | 10.0% |
| Professional, scientific, and technical services | 8 | 8.9% |
| Arts, entertainment, and recreation | 8 | 8.9% |
| Administrative and support and waste management and remediation services | 7 | 7.8% |
| Manufacturing | 6 | 6.7% |
| Agriculture, forestry, fishing and hunting | 5 | 5.6% |
| Construction | 5 | 5.6% |
| Health care and social assistance | 5 | 5.6% |
| Transportation and warehousing | 4 | 4.4% |
| Wholesale trade | 3 | 3.3% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 40347 vs 40604 →
ZIP 40347 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 40383
Versailles (40383)
22,408 residents
- 40513
Lexington (40513)
10,994 residents
- 40347 2,767
Midway (40347)
2,767 residents
- 40510 1,928
Lexington (40510)
1,928 residents
- 40604 462
Frankfort (40604)
462 residents
What this shows Among its immediate neighbors, ZIP 40347 ranks #3 by population - useful context the national average alone can't give.
ZIP 40347 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 40510
Lexington (40510)
$161,938 median income
- 40513
Lexington (40513)
$128,013 median income
- 40347
Midway (40347)
$85,270 median income
- 40383
Versailles (40383)
$85,213 median income
What this shows By household income, ZIP 40347 ranks #3 of 4 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
More ZIP Codes in Woodford County
Related Areas
Frequently Asked Questions
What county is ZIP code 40347 in? ▼
What is the population of ZIP code 40347? ▼
What is the median household income in ZIP 40347? ▼
What is the average home value in ZIP 40347? ▼
What is the demographic makeup of ZIP 40347? ▼
How many businesses are in ZIP code 40347? ▼
What are the main industries in ZIP code 40347? ▼
How have home values changed in ZIP code 40347? ▼
What is the education level in ZIP code 40347? ▼
What is the average commute time in ZIP 40347? ▼
What percentage of residents own vs. rent in ZIP 40347? ▼
What is the poverty rate in ZIP code 40347? ▼
Read our methodology to see how this data is sourced, computed, and verified.