ZIP Code 40507

standard

Source:

Lexington · Fayette County · Kentucky

Population
1,757

1,630/sq mi

Median income
$41,329

▼ 46% vs US

higher than 6% of US ZIPs

Median home value
$328,600

▲ 18% vs US

higher than 71% of US ZIPs

Bachelor's or higher
53.1%

Median age 55

Land area
1.1 sq mi

New York

ZIP code 40507 in Lexington, Kentucky has a population of 1,757. The median household income is $41,329, which is 46% below the national average. Median home value is $328,600, 18% above the US average. 53.1% of residents hold a bachelor's degree or higher.

ZIP code 40507 is classified by USPS as a standard delivery area and covers roughly 1.1 square miles in Lexington, Fayette County, Kentucky. The area is home to 1,757 residents, producing a population density of 1,630 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 40507 against Kentucky and the nation.

On the economic side, the median household income for ZIP 40507 sits at $41,329 (31% below the Kentucky average), while per-capita income is $72,858. The poverty rate stands at 23.0% and the unemployment rate at 7.5%. On housing, the median home value is $328,600 (107% above the state average) with median rent at $862 per month, and 24.2% of occupied units are owner-occupied, a direct signal of whether 40507 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 53.1% of adults hold a bachelor's degree or higher, the median age is 55, and the average commute is . We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Fayette County, so you can benchmark 40507 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 40507

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 40507.

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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 40507, 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

1,757

Population

1.1

Area (sq mi)

1,630

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 40507?

55.0

Median Age

59.5%

Male

40.5%

Female

8.8%

Foreign-Born

White 72.0%
African American 12.7%
Asian 1.9%
American Indian or Alaska Native 0.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 13.0%
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?

$41,329

Median Household Income

-31% vs state

$72,858

Per Capita Income

23.0%

Poverty Rate

7.5%

Unemployment Rate

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

What is the education profile here?

High School Graduate or Higher 68.7%
Bachelor's Degree or Higher 53.1%

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

What does housing look like?

1,674

Total Housing Units

1,573

Occupied Units

101

Vacant Units

1.37

Avg Household Size

Occupancy Type

Owner 24.2%
Renter 75.8%

$328,600

Median Home Value

+107% vs state

$862

Median Rent

1968

Median Year Built

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

What businesses operate in this ZIP?

Census Bureau data shows 686 business establishments in ZIP 40507, employing approximately 9,224 people with a combined annual payroll of $721,366,000.

686

Businesses

9,224

Employees

$721.4M

Annual Payroll

18

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 249 36.3%
Finance and insurance 79 11.5%
Accommodation and food services 70 10.2%
Other services (except public administration) 63 9.2%
Health care and social assistance 41 6.0%
Real estate and rental and leasing 29 4.2%
Retail trade 28 4.1%
Arts, entertainment, and recreation 27 3.9%
Information 25 3.6%
Administrative and support and waste management and remediation services 24 3.5%
Construction 12 1.8%
Educational services 11 1.6%
Management of companies and enterprises 6 0.9%
Utilities 5 0.7%
Manufacturing 5 0.7%
Wholesale trade 4 0.6%
Mining, quarrying, and oil and gas extraction 3 0.4%
Transportation and warehousing 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 40507 vs 40508 →

ZIP Code City Population Distance
40508 Lexington, KY 23,569 0.3 mi
40506 Lexington, KY 2,802 1.3 mi
40502 Lexington, KY 25,709 2.4 mi
40504 Lexington, KY 25,655 2.5 mi
40505 Lexington, KY 26,040 2.3 mi
40517 Lexington, KY 35,227 4.4 mi
40503 Lexington, KY 28,003 3.6 mi
40511 Lexington, KY 31,798 6.1 mi
40510 Lexington, KY 1,928 5.9 mi
40514 Lexington, KY 14,647 5.7 mi

More ZIP Codes in Fayette County

Frequently Asked Questions

What county is ZIP code 40507 in?
ZIP code 40507 (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 40507?
ZIP code 40507 in Lexington, KY has a population of 1,757 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 40507?
The median household income in ZIP 40507 is $41,329, which is 46% below the national average of $76,288.
What is the average home value in ZIP 40507?
The median home value in ZIP 40507 is $328,600, which is 18% above the national average of $278,155.
What is the demographic makeup of ZIP 40507?
The largest racial group in ZIP 40507 is White at 72.0%. Hispanic or Latino residents make up 3.8% of the population.
How many businesses are in ZIP code 40507?
ZIP code 40507 has 686 business establishments employing approximately 9,224 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 40507?
The top industries by establishment count in ZIP 40507 are: Professional, scientific, and technical services (249), Finance and insurance (79), Accommodation and food services (70). There are 18 industry sectors represented in total.
What is the education level in ZIP code 40507?
In ZIP code 40507, 68.7% of residents aged 25+ have a high school diploma or higher, and 53.1% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 40507?
In ZIP code 40507, approximately 24.2% of occupied housing units are owner-occupied and 75.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 40507?
The poverty rate in ZIP code 40507 is 23.0% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

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.