ZIP Code 40502
standardSource:
Lexington · Fayette County · Kentucky
- Population
- 25,709
- Median income
- $76,948
- Median home value
- $517,900
- Bachelor's or higher
- 68.0%
- Land area
- 18.6 sq mi
1,379/sq mi
▲ 1% vs US
higher than 58% of US ZIPs
▲ 86% vs US
higher than 88% of US ZIPs
Median age 41.1
New York
ZIP code 40502 in Lexington, Kentucky has a population of 25,709. The median household income is $76,948, which is 1% above the national average. Median home value is $517,900, 86% above the US average. 68.0% of residents hold a bachelor's degree or higher.
ZIP code 40502 is classified by USPS as a standard delivery area and covers roughly 18.6 square miles in Lexington, Fayette County, Kentucky. The area is home to 25,709 residents, producing a population density of 1,379 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 40502 against Kentucky and the nation.
On the economic side, the median household income for ZIP 40502 sits at $76,948 (29% above the Kentucky average), while per-capita income is $67,728. The poverty rate stands at 9.7% and the unemployment rate at 3.5%. On housing, the median home value is $517,900 (226% above the state average) with median rent at $1,089 per month, and 59.7% of occupied units are owner-occupied, a direct signal of whether 40502 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 68.0% of adults hold a bachelor's degree or higher, the median age is 41.1, and the average commute is 18 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Fayette County, so you can benchmark 40502 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 40502
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 40502.
- Professional, scientific, and technical services
Professional, scientific, and technical services
110 establishments
- Retail trade
Retail trade
92 establishments
- Health care and social assistance
Health care and social assistance
82 establishments
- Other services (except public administration)
Other services (except public administration)
77 establishments
- Real estate and rental and leasing
Real estate and rental and leasing
72 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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 40502, Lexington, KY · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
25,709
Population
18.6
Area (sq mi)
1,379
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 40502?
41.1
Median Age
50.6%
Male
49.4%
Female
7.1%
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?
$76,948
Median Household Income
+29% vs state
$67,728
Per Capita Income
9.7%
Poverty Rate
3.5%
Unemployment Rate
18.3 min
Mean Commute Time
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?
14,266
Total Housing Units
13,075
Occupied Units
1,191
Vacant Units
1.99
Avg Household Size
Occupancy Type
$517,900
Median Home Value
+226% vs state
$1,089
Median Rent
1965
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
+5.2%
YoY Change (2024)
275
HPI Index (2000 = 100)
+175%
Total Change Since 2000
Home values in ZIP 40502 have increased 5.2% over the past year (2024). Since 2000, this ZIP has seen +175% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +1.7% | 196 |
| 2021 | +7.5% | 211 |
| 2022 | +16.1% | 245 |
| 2023 | +6.8% | 261 |
| 2024 | +5.2% | 275 |
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 720 business establishments in ZIP 40502, employing approximately 8,878 people with a combined annual payroll of $476,569,000.
720
Businesses
8,878
Employees
$476.6M
Annual Payroll
18
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Professional, scientific, and technical services | 110 | 15.3% |
| Retail trade | 92 | 12.8% |
| Health care and social assistance | 82 | 11.4% |
| Other services (except public administration) | 77 | 10.7% |
| Real estate and rental and leasing | 72 | 10.0% |
| Accommodation and food services | 64 | 8.9% |
| Finance and insurance | 55 | 7.6% |
| Construction | 41 | 5.7% |
| Administrative and support and waste management and remediation services | 31 | 4.3% |
| Arts, entertainment, and recreation | 25 | 3.5% |
| Wholesale trade | 19 | 2.6% |
| Manufacturing | 14 | 1.9% |
| Educational services | 14 | 1.9% |
| Transportation and warehousing | 7 | 1.0% |
| Information | 6 | 0.8% |
| Agriculture, forestry, fishing and hunting | 3 | 0.4% |
| Utilities | 3 | 0.4% |
| Management of companies and enterprises | 3 | 0.4% |
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 40502 vs 40506 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 40506 | Lexington, KY | 2,802 | 1.5 mi |
| 40517 | Lexington, KY | 35,227 | 2.1 mi |
| 40507 | Lexington, KY | 1,757 | 2.4 mi |
| 40508 | Lexington, KY | 23,569 | 2.7 mi |
| 40503 | Lexington, KY | 28,003 | 2.9 mi |
| 40505 | Lexington, KY | 26,040 | 3.5 mi |
| 40504 | Lexington, KY | 25,655 | 3.8 mi |
| 40514 | Lexington, KY | 14,647 | 4.9 mi |
| 40509 | Lexington, KY | 32,364 | 5.9 mi |
| 40511 | Lexington, KY | 31,798 | 8.3 mi |
More ZIP Codes in Fayette County
Related Areas
Frequently Asked Questions
What county is ZIP code 40502 in? ▼
What is the population of ZIP code 40502? ▼
What is the median household income in ZIP 40502? ▼
What is the average home value in ZIP 40502? ▼
What is the demographic makeup of ZIP 40502? ▼
How many businesses are in ZIP code 40502? ▼
What are the main industries in ZIP code 40502? ▼
How have home values changed in ZIP code 40502? ▼
What is the education level in ZIP code 40502? ▼
What is the average commute time in ZIP 40502? ▼
What percentage of residents own vs. rent in ZIP 40502? ▼
What is the poverty rate in ZIP code 40502? ▼
ZIP Code Research Guides
Official Data Resources for Lexington, KY
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.