PlainZIP

Lexington, KY · standard

ZIP Code 40502

Fayette County, Kentucky - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

25,709
1,379/sq mi
$76,948
Median income
$517,900
Median home value
68.0%
Bachelor's or higher

The verdict

Lexington pairs an above-median household income with upper-quartile home values, in a low-density, mixed-tenure area.

Top 42%
household income, US ZIPs
Top 12%
home value, US ZIPs
1,379
people per sq mi
60%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 40502 against every reporting US ZIP.

ZIP code 40502 is a densely settled ZIP (a standard USPS delivery area) in Lexington, Fayette County, Kentucky, with 25,709 residents across 18.6 square miles, a density of 1,379 people per square mile, in the New York time zone.

ZIP 40502 lands in the middle-income range, with a median household income of $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.

This is a highly-educated ZIP: 68.0% of adults hold a bachelor's degree or higher, the median age is 41.1, and the average commute is 18 minutes. A geography-based comparison follows: 10 ZIP codes within about 10 miles of 40502, plus 6 more within Fayette County, give a clearer read than the national average 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 40502

Top 5 sectors by establishment count in Lexington, KY

Which industries have the most business establishments in ZIP 40502.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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 40502, Lexington, 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

25,709

Population

18.6

Area (sq mi)

1,379

People / sq mi

New York

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 40502?

41.1

Median Age

50.6%

Male

49.4%

Female

7.1%

Foreign-Born

White 87.3%
African American 3.5%
Asian 3.8%
American Indian or Alaska Native 0.1%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 4.6%
Hispanic or Latino 3.8%

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

How ZIP 40502 ranks nationally

Lexington, KY household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$76,948 Top 42% higher than 58% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

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?

High School Graduate or Higher 77.9%
Bachelor's Degree or Higher 68.0%

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

Owner 59.7%
Renter 40.3%

$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 40502 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 40502 ranks #6 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 40502 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 40502 ranks #4 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
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

40517 standard
Lexington, KY
Pop: 35,227
40515 standard
Lexington, KY
Pop: 33,595
40509 standard
Lexington, KY
Pop: 32,364
40511 standard
Lexington, KY
Pop: 31,798
40503 standard
Lexington, KY
Pop: 28,003
40505 standard
Lexington, KY
Pop: 26,040

Related Areas

Fayette County Lexington, KY Kentucky

Frequently Asked Questions

What county is ZIP code 40502 in? ▼
ZIP code 40502 (Lexington) is located in Fayette County, Kentucky. Fayette County contains multiple ZIP codes, see the full list at /counties/fayette-ky.
What is the population of ZIP code 40502? ▼
ZIP code 40502 in Lexington, KY has a population of 25,709 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 40502? ▼
The median household income in ZIP 40502 is $76,948, which is 1% above the national average of $76,288.
What is the average home value in ZIP 40502? ▼
The median home value in ZIP 40502 is $517,900, which is 86% above the national average of $278,155.
What is the demographic makeup of ZIP 40502? ▼
The largest racial group in ZIP 40502 is White at 87.3%. Hispanic or Latino residents make up 3.8% of the population.
How many businesses are in ZIP code 40502? ▼
ZIP code 40502 has 720 business establishments employing approximately 8,878 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 40502? ▼
The top industries by establishment count in ZIP 40502 are: Professional, scientific, and technical services (110), Retail trade (92), Health care and social assistance (82). There are 18 industry sectors represented in total.
How have home values changed in ZIP code 40502? ▼
According to the FHFA House Price Index, home values in ZIP 40502 increased by 5.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 175%. 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 40502? ▼
In ZIP code 40502, 77.9% of residents aged 25+ have a high school diploma or higher, and 68.0% 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 40502? ▼
The mean commute time for workers in ZIP code 40502 is 18.3 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 40502? ▼
In ZIP code 40502, approximately 59.7% of occupied housing units are owner-occupied and 40.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 40502? ▼
The poverty rate in ZIP code 40502 is 9.7% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.