PlainZIP

Lexington, KY · standard

ZIP Code 40514

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

14,647
1,909/sq mi
$95,914
Median income
$315,500
Median home value
56.4%
Bachelor's or higher

The verdict

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

Top 22%
household income, US ZIPs
Top 31%
home value, US ZIPs
1,909
people per sq mi
74%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 40514 against every reporting US ZIP.

ZIP code 40514 is a mid-sized community (a standard USPS delivery area) in Lexington, Fayette County, Kentucky, home to 14,647 residents across 7.7 square miles, a density of 1,909 people per square mile, in the New York time zone.

ZIP 40514 lands in the middle-income range, with a median household income of $95,914 (61% above the Kentucky average), while per-capita income is $45,522. 3.7% of residents live below the poverty line, and the unemployment rate reads 2.1%. Housing costs here run $315,500 for a typical home value (98% above the state average), with rent averaging $1,629 a month; 74.0% of homes are owner-occupied.

This is a highly-educated ZIP: 56.4% of adults hold a bachelor's degree or higher, the median age is 38.6, and the average commute is 23 minutes. A geography-based comparison follows: 10 ZIP codes within about 10 miles of 40514, plus 6 more within Fayette County, give a clearer read than the 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 40514

Top 5 sectors by establishment count in Lexington, KY

Which industries have the most business establishments in ZIP 40514.

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 40514, 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

14,647

Population

7.7

Area (sq mi)

1,909

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 40514?

38.6

Median Age

49.2%

Male

50.8%

Female

11.1%

Foreign-Born

White 79.2%
African American 4.3%
Asian 5.5%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 10.5%
Hispanic or Latino 5.7%

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?

$95,914

Median Household Income

+61% vs state

$45,522

Per Capita Income

3.7%

Poverty Rate

2.1%

Unemployment Rate

23.0 min

Mean Commute Time

How ZIP 40514 ranks nationally

Lexington, KY household income vs. every US ZIP code

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

$95,914 Top 22% higher than 78% 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%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). This entry sits in this band. $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 69.8%
Bachelor's Degree or Higher 56.4%

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

What does housing look like?

6,537

Total Housing Units

6,481

Occupied Units

56

Vacant Units

2.62

Avg Household Size

Occupancy Type

Owner 74.0%
Renter 26.0%

$315,500

Median Home Value

+98% vs state

$1,629

Median Rent

1995

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

+1.8%

YoY Change (2024)

245

HPI Index (2000 = 100)

+145%

Total Change Since 2000

Home values in ZIP 40514 have increased 1.8% over the past year (2024). Since 2000, this ZIP has seen +145% cumulative appreciation.

Year Annual Change HPI Index
2020 +4.9% 167
2021 +11.5% 186
2022 +13.1% 210
2023 +14.4% 241
2024 +1.8% 245

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 161 business establishments in ZIP 40514, employing approximately 894 people with a combined annual payroll of $29,849,000.

161

Businesses

894

Employees

$29.8M

Annual Payroll

12

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 26 16.1%
Construction 22 13.7%
Health care and social assistance 18 11.2%
Other services (except public administration) 18 11.2%
Administrative and support and waste management and remediation services 17 10.6%
Retail trade 12 7.5%
Real estate and rental and leasing 12 7.5%
Accommodation and food services 11 6.8%
Transportation and warehousing 5 3.1%
Finance and insurance 5 3.1%
Educational services 5 3.1%
Arts, entertainment, and recreation 4 2.5%

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 40514 vs 40503 →

ZIP 40514 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 40514 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 40514 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 40514 ranks #4 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
40503 Lexington, KY 28,003 2.2 mi
40513 Lexington, KY 10,994 3.3 mi
40517 Lexington, KY 35,227 4.1 mi
40504 Lexington, KY 25,655 4.2 mi
40506 Lexington, KY 2,802 4.5 mi
40356 Nicholasville, KY 40,503 7.6 mi
40502 Lexington, KY 25,709 4.9 mi
40339 Keene, KY 46 5.2 mi
40510 Lexington, KY 1,928 6.3 mi
40508 Lexington, KY 23,569 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 40514 in? ▼
ZIP code 40514 (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 40514? ▼
ZIP code 40514 in Lexington, KY has a population of 14,647 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 40514? ▼
The median household income in ZIP 40514 is $95,914, which is 26% above the national average of $76,288.
What is the average home value in ZIP 40514? ▼
The median home value in ZIP 40514 is $315,500, which is 13% above the national average of $278,155.
What is the demographic makeup of ZIP 40514? ▼
The largest racial group in ZIP 40514 is White at 79.2%. Hispanic or Latino residents make up 5.7% of the population.
How many businesses are in ZIP code 40514? ▼
ZIP code 40514 has 161 business establishments employing approximately 894 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 40514? ▼
The top industries by establishment count in ZIP 40514 are: Professional, scientific, and technical services (26), Construction (22), Health care and social assistance (18). There are 12 industry sectors represented in total.
How have home values changed in ZIP code 40514? ▼
According to the FHFA House Price Index, home values in ZIP 40514 increased by 1.8% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 145%. 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 40514? ▼
In ZIP code 40514, 69.8% 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 40514? ▼
The mean commute time for workers in ZIP code 40514 is 23.0 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 40514? ▼
In ZIP code 40514, approximately 74.0% of occupied housing units are owner-occupied and 26.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 40514? ▼
The poverty rate in ZIP code 40514 is 3.7% 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.