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 Moderate-density area
- $85,270
- Median income Above-median income area
- $354,000
- Median home value Above-median home value
- 44.8%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 40347 (Midway, KY) rose +5.6% from 2023 to 2024. The all-transactions index moved from 215.7 in 2023 to 227.8 in 2024 (2000 = 100).
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 average Kentucky ZIP), while per-capita income is $49,045. The poverty rate is 9.7%, with unemployment at 7.0%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $354,000 (123% above the average Kentucky ZIP), while 77.9% of occupied homes are owner-occupied and median rent is $1,071.
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. The page also surfaces 4 ZIP codes within roughly 10 miles and 1 more in Woodford County, so 40347 can be compared with both its immediate and county-level context.
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 ZIP avg
$49,045
Per Capita Income
9.7%
Poverty Rate
7.0%
Unemployment Rate
19.9 min
Mean Commute Time
How ZIP 40347 ranks among Kentucky ZIPs
Midway, KY household income vs. every Kentucky ZIP code
Median household income among 646 reporting Kentucky ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$85,270 Top 11% higher than 89% of 646 Kentucky ZIPs
Each bar is a $20K-wide band; taller bars hold more Kentucky 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?
Housing stock: occupied vs vacant
1,565housing units
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 ZIP avg
$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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 40347, both outside KY so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (2,767 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Woodford County
Related Areas
Frequently Asked Questions
What county is ZIP code 40347 in?
ZIP code 40347 (Midway) is located in Woodford County, Kentucky. Woodford County contains multiple ZIP codes, see the full list at /counties/woodford-ky.
What is the population of ZIP code 40347?
ZIP code 40347 in Midway, KY has a population of 2,767 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 40347?
The median household income in ZIP 40347 is $85,270, which is 12% above the national average of $76,288.
What is the average home value in ZIP 40347?
The median home value in ZIP 40347 is $354,000, which is 27% above the national average of $278,155.
What is the demographic makeup of ZIP 40347?
The largest racial group in ZIP 40347 is White at 84.1%. Hispanic or Latino residents make up 5.0% of the population.
How many businesses are in ZIP code 40347?
ZIP code 40347 has 90 business establishments employing approximately 1,676 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 40347?
The top industries by establishment count in ZIP 40347 are: Retail trade (13), Accommodation and food services (10), Other services (except public administration) (9). There are 12 industry sectors represented in total.
How have home values changed in ZIP code 40347?
According to the FHFA House Price Index, home values in ZIP 40347 increased by 5.6% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 128%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 40347?
In ZIP code 40347, 67.2% of residents aged 25+ have a high school diploma or higher, and 44.8% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 40347?
The mean commute time for workers in ZIP code 40347 is 19.9 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 40347?
In ZIP code 40347, approximately 77.9% of occupied housing units are owner-occupied and 22.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 40347?
The poverty rate in ZIP code 40347 is 9.7% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 40347's numbers, next.
- See how ZIP 40347 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Midway, KY ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.