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 High-density area
- $29,440
- Median income Below-median income area
- $182,800
- Median home value Near-median home value
- 36.9%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Lexington pairs one of the lowest household incomes in the country with below-median home values, in a suburban-density, renter-heavy area.
- 2nd 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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 40508 (Lexington, KY) rose +6.1% from 2023 to 2024. The all-transactions index moved from 353.1 in 2023 to 374.5 in 2024 (2000 = 100).
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 average Kentucky ZIP), while per-capita income is $24,962. The poverty rate is 37.2%, so the area-level income figures should not be treated as typical household experience. Median home value is $182,800 (15% above the average Kentucky ZIP) and median rent is $959; 29.5% of occupied homes are owner-occupied.
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. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Fayette County, so 40508 can be compared with both its immediate and county-level context.
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.
- Accommodation and food services
Accommodation and food services
102 establishments
- Other services (except public administration)
Other services (except public administration)
88 establishments
- Retail trade
Retail trade
68 establishments
- Health care and social assistance
Health care and social assistance
65 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
63 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 + 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
Who lives in ZIP 40508?
23.5
Median Age
44.6%
Male
55.4%
Female
9.7%
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?
$29,440
Median Household Income
-51% vs state ZIP avg
$24,962
Per Capita Income
37.2%
Poverty Rate
9.8%
Unemployment Rate
18.3 min
Mean Commute Time
How ZIP 40508 ranks among Kentucky ZIPs
Lexington, KY household income vs. every Kentucky ZIP code
Median household income among 646 reporting Kentucky ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$29,440 6th percentile higher than 6% of 646 Kentucky ZIPs
Each bar is a $20K-wide band; taller bars hold more Kentucky 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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
11,094housing units
11,094
Total Housing Units
9,665
Occupied Units
1,429
Vacant Units
1.89
Avg Household Size
Occupancy Type
$182,800
Median Home Value
+15% vs state ZIP avg
$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.
- 40517
Lexington (40517)
35,227 residents
- 40511
Lexington (40511)
31,798 residents
- 40503
Lexington (40503)
28,003 residents
- 40505
Lexington (40505)
26,040 residents
- 40502
Lexington (40502)
25,709 residents
- 40504
Lexington (40504)
25,655 residents
- 40508
Lexington (40508)
23,569 residents
- 40514
Lexington (40514)
14,647 residents
- 40506 2,802
Lexington (40506)
2,802 residents
What this shows Among its immediate neighbors, ZIP 40508 ranks #7 by population - useful context the national average alone can't give.
ZIP 40508 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 40510
Lexington (40510)
$161,938 median income
- 40514
Lexington (40514)
$95,914 median income
- 40511
Lexington (40511)
$79,540 median income
- 40502
Lexington (40502)
$76,948 median income
- 40503
Lexington (40503)
$76,482 median income
- 40505 $58,206
Lexington (40505)
$58,206 median income
- 40517 $53,670
Lexington (40517)
$53,670 median income
- 40504 $46,055
Lexington (40504)
$46,055 median income
- 40507 $41,329
Lexington (40507)
$41,329 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.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 40508, both outside KY so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (23,569 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Fayette County
Related Areas
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.
Related
Take this with you
What to do with ZIP 40508's numbers, next.
- See how ZIP 40508 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Lexington, KY ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.