PlainZIP

Lexington, KY · standard

ZIP Code 40503

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

28,003
1,222/sq mi
$76,482
Median income
$296,800
Median home value
56.4%
Bachelor's or higher

The verdict

Lexington pairs an above-median household income with above-median home values, in a low-density, homeowner-dominated area.

Top 43%
household income, US ZIPs
Top 34%
home value, US ZIPs
1,222
people per sq mi
62%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 40503 against every reporting US ZIP.

ZIP code 40503 is a densely settled ZIP (a standard USPS delivery area) in Lexington, Fayette County, Kentucky, with 28,003 residents across 22.9 square miles, a density of 1,222 people per square mile, in the New York time zone.

ZIP 40503 lands in the middle-income range, with a median household income of $76,482 (28% above the Kentucky average), while per-capita income is $48,091. Local economic indicators show a 12.7% poverty rate alongside 3.9% unemployment. Median home value sits at $296,800 (87% above the state average), median rent at $1,168 a month, and owner-occupancy at 61.7%.

This is a highly-educated ZIP: 56.4% of adults hold a bachelor's degree or higher, the median age is 37.2, and the average commute is 19 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Fayette County, so you can benchmark 40503 against its immediate geography rather than a 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 40503

Top 5 sectors by establishment count in Lexington, KY

Which industries have the most business establishments in ZIP 40503.

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 40503, 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

28,003

Population

22.9

Area (sq mi)

1,222

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 40503?

37.2

Median Age

49.1%

Male

50.9%

Female

10.8%

Foreign-Born

White 81.4%
African American 2.1%
Asian 6.4%
American Indian or Alaska Native 0.5%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 6.2%
Hispanic or Latino 6.8%

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?

$76,482

Median Household Income

+28% vs state

$48,091

Per Capita Income

12.7%

Poverty Rate

3.9%

Unemployment Rate

18.6 min

Mean Commute Time

How ZIP 40503 ranks nationally

Lexington, KY household income vs. every US ZIP code

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

$76,482 Top 43% higher than 57% 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 71.2%
Bachelor's Degree or Higher 56.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

13,365

Total Housing Units

12,615

Occupied Units

750

Vacant Units

2.16

Avg Household Size

Occupancy Type

Owner 61.7%
Renter 38.3%

$296,800

Median Home Value

+87% vs state

$1,168

Median Rent

1967

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

+5.7%

YoY Change (2024)

277

HPI Index (2000 = 100)

+177%

Total Change Since 2000

Home values in ZIP 40503 have increased 5.7% over the past year (2024). Since 2000, this ZIP has seen +177% cumulative appreciation.

Year Annual Change HPI Index
2020 +3.7% 187
2021 +10.2% 206
2022 +12.6% 232
2023 +12.9% 262
2024 +5.7% 277

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 1,500 business establishments in ZIP 40503, employing approximately 24,522 people with a combined annual payroll of $1,222,760,000.

1,500

Businesses

24,522

Employees

$1.2B

Annual Payroll

17

Industry Sectors

Industry Establishments % of Total
Retail trade 307 20.5%
Health care and social assistance 306 20.4%
Professional, scientific, and technical services 153 10.2%
Accommodation and food services 142 9.5%
Finance and insurance 117 7.8%
Other services (except public administration) 116 7.7%
Real estate and rental and leasing 77 5.1%
Construction 64 4.3%
Administrative and support and waste management and remediation services 54 3.6%
Educational services 35 2.3%
Information 32 2.1%
Arts, entertainment, and recreation 28 1.9%
Manufacturing 27 1.8%
Wholesale trade 21 1.4%
Transportation and warehousing 7 0.5%
Management of companies and enterprises 7 0.5%
Utilities 4 0.3%

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 40503 vs 40504 →

ZIP 40503 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 40503 ranks #2 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 40503 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 40503 ranks #5 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
40504 Lexington, KY 25,655 2.6 mi
40514 Lexington, KY 14,647 2.2 mi
40506 Lexington, KY 2,802 2.3 mi
40502 Lexington, KY 25,709 2.9 mi
40517 Lexington, KY 35,227 2.9 mi
40508 Lexington, KY 23,569 3.6 mi
40507 Lexington, KY 1,757 3.6 mi
40513 Lexington, KY 10,994 4.0 mi
40510 Lexington, KY 1,928 5.8 mi
40505 Lexington, KY 26,040 5.7 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
40505 standard
Lexington, KY
Pop: 26,040
40502 standard
Lexington, KY
Pop: 25,709

Related Areas

Fayette County Lexington, KY Kentucky

Frequently Asked Questions

What county is ZIP code 40503 in? ▼
ZIP code 40503 (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 40503? ▼
ZIP code 40503 in Lexington, KY has a population of 28,003 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 40503? ▼
The median household income in ZIP 40503 is $76,482, which is 0% above the national average of $76,288.
What is the average home value in ZIP 40503? ▼
The median home value in ZIP 40503 is $296,800, which is 7% above the national average of $278,155.
What is the demographic makeup of ZIP 40503? ▼
The largest racial group in ZIP 40503 is White at 81.4%. Hispanic or Latino residents make up 6.8% of the population.
How many businesses are in ZIP code 40503? ▼
ZIP code 40503 has 1,500 business establishments employing approximately 24,522 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 40503? ▼
The top industries by establishment count in ZIP 40503 are: Retail trade (307), Health care and social assistance (306), Professional, scientific, and technical services (153). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 40503? ▼
According to the FHFA House Price Index, home values in ZIP 40503 increased by 5.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 177%. 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 40503? ▼
In ZIP code 40503, 71.2% of residents aged 25+ have a high school diploma or higher, and 56.4% 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 40503? ▼
The mean commute time for workers in ZIP code 40503 is 18.6 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 40503? ▼
In ZIP code 40503, approximately 61.7% of occupied housing units are owner-occupied and 38.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 40503? ▼
The poverty rate in ZIP code 40503 is 12.7% 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.