PlainZIP

Lexington, KY · standard

ZIP Code 40508

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

23,569
2,135/sq mi
$29,440
Median income
$182,800
Median home value
36.9%
Bachelor's or higher

The verdict

Lexington pairs one of the lowest household incomes in the country with below-median home values, in a suburban-density, renter-heavy area.

2th pct
household income, US ZIPs
39th pct
home value, US ZIPs
2,135
people per sq mi
30%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 40508 against every reporting US ZIP.

ZIP code 40508 is a densely settled ZIP (a standard USPS delivery area) in Lexington, Fayette County, Kentucky, with 23,569 residents across 11.0 square miles, a density of 2,135 people per square mile, in the New York time zone.

ZIP 40508 sits on the lower end of the income spectrum: median household income is $29,440 (51% below the Kentucky average), while per-capita income is $24,962. Poverty here runs at 37.2%, with unemployment measured at 9.8%. Median home value sits at $182,800 (15% above the state average), median rent at $959 a month, and owner-occupancy at 29.5%.

A solid share of residents have a four-year degree: 36.9% of adults hold a bachelor's degree or higher, the median age is 23.5, and the average commute is 18 minutes. Beyond these figures, 10 nearby ZIP codes within about 10 miles are surfaced below, along with 6 more sharing Fayette County, letting you compare 40508 to its immediate surroundings rather than a national baseline 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 40508

Top 5 sectors by establishment count in Lexington, KY

Which industries have the most business establishments in ZIP 40508.

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 40508, 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

23,569

Population

11.0

Area (sq mi)

2,135

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 40508?

23.5

Median Age

44.6%

Male

55.4%

Female

9.7%

Foreign-Born

White 64.4%
African American 19.2%
Asian 3.2%
American Indian or Alaska Native 0.2%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 8.4%
Hispanic or Latino 8.5%

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?

$29,440

Median Household Income

-51% vs state

$24,962

Per Capita Income

37.2%

Poverty Rate

9.8%

Unemployment Rate

18.3 min

Mean Commute Time

How ZIP 40508 ranks nationally

Lexington, KY household income vs. every US ZIP code

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

$29,440 2nd percentile higher than 2% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). This entry sits in this band. $40,000–$60,000: 7,092 US ZIPs (23%). Above this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $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 61.0%
Bachelor's Degree or Higher 36.9%

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

What does housing look like?

11,094

Total Housing Units

9,665

Occupied Units

1,429

Vacant Units

1.89

Avg Household Size

Occupancy Type

Owner 29.5%
Renter 70.5%

$182,800

Median Home Value

+15% vs state

$959

Median Rent

1966

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

+6.1%

YoY Change (2024)

375

HPI Index (2000 = 100)

+275%

Total Change Since 2000

Home values in ZIP 40508 have increased 6.1% over the past year (2024). Since 2000, this ZIP has seen +275% cumulative appreciation.

Year Annual Change HPI Index
2020 +5.6% 237
2021 +10.2% 261
2022 +8.1% 282
2023 +25.1% 353
2024 +6.1% 375

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 563 business establishments in ZIP 40508, employing approximately 9,955 people with a combined annual payroll of $417,374,000.

563

Businesses

9,955

Employees

$417.4M

Annual Payroll

17

Industry Sectors

Industry Establishments % of Total
Accommodation and food services 102 18.1%
Other services (except public administration) 88 15.6%
Retail trade 68 12.1%
Health care and social assistance 65 11.6%
Professional, scientific, and technical services 63 11.2%
Construction 48 8.5%
Administrative and support and waste management and remediation services 29 5.2%
Manufacturing 22 3.9%
Real estate and rental and leasing 22 3.9%
Wholesale trade 11 1.9%
Finance and insurance 11 1.9%
Educational services 9 1.6%
Information 7 1.2%
Utilities 6 1.1%
Transportation and warehousing 4 0.7%
Arts, entertainment, and recreation 4 0.7%
Management of companies and enterprises 3 0.5%

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 40508 vs 40507 →

ZIP 40508 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 40508 ranks #7 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 40508 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 40508 ranks #null 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
40507 Lexington, KY 1,757 0.3 mi
40506 Lexington, KY 2,802 1.5 mi
40504 Lexington, KY 25,655 2.3 mi
40505 Lexington, KY 26,040 2.5 mi
40502 Lexington, KY 25,709 2.7 mi
40503 Lexington, KY 28,003 3.6 mi
40517 Lexington, KY 35,227 4.6 mi
40511 Lexington, KY 31,798 5.9 mi
40510 Lexington, KY 1,928 5.6 mi
40514 Lexington, KY 14,647 5.8 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 40508 in? ▼
ZIP code 40508 (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 40508? ▼
ZIP code 40508 in Lexington, KY has a population of 23,569 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 40508? ▼
The median household income in ZIP 40508 is $29,440, which is 61% below the national average of $76,288.
What is the average home value in ZIP 40508? ▼
The median home value in ZIP 40508 is $182,800, which is 34% below the national average of $278,155.
What is the demographic makeup of ZIP 40508? ▼
The largest racial group in ZIP 40508 is White at 64.4%. Hispanic or Latino residents make up 8.5% of the population.
How many businesses are in ZIP code 40508? ▼
ZIP code 40508 has 563 business establishments employing approximately 9,955 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 40508? ▼
The top industries by establishment count in ZIP 40508 are: Accommodation and food services (102), Other services (except public administration) (88), Retail trade (68). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 40508? ▼
According to the FHFA House Price Index, home values in ZIP 40508 increased by 6.1% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 275%. 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 40508? ▼
In ZIP code 40508, 61.0% of residents aged 25+ have a high school diploma or higher, and 36.9% 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 40508? ▼
The mean commute time for workers in ZIP code 40508 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 40508? ▼
In ZIP code 40508, approximately 29.5% of occupied housing units are owner-occupied and 70.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 40508? ▼
The poverty rate in ZIP code 40508 is 37.2% 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.