ZIP Code 40507
standardSource:
Lexington · Fayette County · Kentucky
- Population
- 1,757
- Median income
- $41,329
- Median home value
- $328,600
- Bachelor's or higher
- 53.1%
- Land area
- 1.1 sq mi
1,630/sq mi
▼ 46% vs US
higher than 6% of US ZIPs
▲ 18% vs US
higher than 71% of US ZIPs
Median age 55
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.
- Professional, scientific, and technical services
Professional, scientific, and technical services
249 establishments
- Finance and insurance 79
Finance and insurance
79 establishments
- Accommodation and food services 70
Accommodation and food services
70 establishments
- Other services (except public administration) 63
Other services (except public administration)
63 establishments
- Health care and social assistance 41
Health care and social assistance
41 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 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
Who lives in ZIP 40507?
55.0
Median Age
59.5%
Male
40.5%
Female
8.8%
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?
$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?
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
$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
Related Areas
Frequently Asked Questions
What county is ZIP code 40507 in? ▼
What is the population of ZIP code 40507? ▼
What is the median household income in ZIP 40507? ▼
What is the average home value in ZIP 40507? ▼
What is the demographic makeup of ZIP 40507? ▼
How many businesses are in ZIP code 40507? ▼
What are the main industries in ZIP code 40507? ▼
What is the education level in ZIP code 40507? ▼
What percentage of residents own vs. rent in ZIP 40507? ▼
What is the poverty rate in ZIP code 40507? ▼
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.