PlainZIP

Lexington, KY · standard

ZIP Code 40516

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

2,877
32/sq mi
$84,510
Median income
$264,100
Median home value
38.2%
Bachelor's or higher

The verdict

Lexington pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.

Top 33%
household income, US ZIPs
Top 40%
home value, US ZIPs
32
people per sq mi
81%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 40516 against every reporting US ZIP.

ZIP code 40516 covers 91.3 square miles in Lexington, Fayette County, Kentucky (a standard USPS delivery area), with a modest 2,877 residents on file, a density of 32 people per square mile, in the New York time zone.

ZIP 40516 lands in the middle-income range, with a median household income of $84,510 (42% above the Kentucky average), while per-capita income is $43,141. The poverty rate stands at 15.5% and the unemployment rate at 0.5%. The typical home here is valued at $264,100 (66% above the state average); renters pay a median of $1,114 monthly, and 81.3% of units are owner-occupied.

A solid share of residents have a four-year degree: 38.2% of adults hold a bachelor's degree or higher, the median age is 38.7, and the average commute is -. To put 40516 in local context, 10 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Fayette County, for a geography-aware comparison.

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 40516

Top 5 sectors by establishment count in Lexington, KY

Which industries have the most business establishments in ZIP 40516.

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 40516, 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

2,877

Population

91.3

Area (sq mi)

32

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 40516?

38.7

Median Age

53.8%

Male

46.2%

Female

4.5%

Foreign-Born

White 76.5%
African American 18.2%
Asian 1.1%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 2.8%
Hispanic or Latino 5.0%

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?

$84,510

Median Household Income

+42% vs state

$43,141

Per Capita Income

15.5%

Poverty Rate

0.5%

Unemployment Rate

How ZIP 40516 ranks nationally

Lexington, KY household income vs. every US ZIP code

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

$84,510 Top 33% higher than 67% 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 64.6%
Bachelor's Degree or Higher 38.2%

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

What does housing look like?

1,204

Total Housing Units

1,184

Occupied Units

20

Vacant Units

2.44

Avg Household Size

Occupancy Type

Owner 81.3%
Renter 18.7%

$264,100

Median Home Value

+66% vs state

$1,114

Median Rent

1992

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

+23.6%

YoY Change (2024)

249

HPI Index (2000 = 100)

+149%

Total Change Since 2000

Home values in ZIP 40516 have increased 23.6% over the past year (2024). Since 2000, this ZIP has seen +149% cumulative appreciation.

Year Annual Change HPI Index
2020 +7.2% 159
2021 +12.6% 179
2022 +2.6% 184
2023 +9.4% 201
2024 +23.6% 249

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 50 business establishments in ZIP 40516, employing approximately 1,791 people with a combined annual payroll of $142,019,000.

50

Businesses

1,791

Employees

$142.0M

Annual Payroll

6

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 10 20.0%
Construction 8 16.0%
Administrative and support and waste management and remediation services 7 14.0%
Accommodation and food services 5 10.0%
Agriculture, forestry, fishing and hunting 4 8.0%
Other services (except public administration) 4 8.0%

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 40516 vs 40509 →

ZIP 40516 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 40516 ranks #9 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 40516 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 40516 ranks #3 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
40509 Lexington, KY 32,364 5.0 mi
40505 Lexington, KY 26,040 5.3 mi
40507 Lexington, KY 1,757 7.5 mi
40508 Lexington, KY 23,569 7.7 mi
40502 Lexington, KY 25,709 7.6 mi
40511 Lexington, KY 31,798 7.7 mi
40506 Lexington, KY 2,802 8.2 mi
40515 Lexington, KY 33,595 10.7 mi
40517 Lexington, KY 35,227 9.1 mi
40361 Paris, KY 18,220 11.9 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 40516 in? ▼
ZIP code 40516 (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 40516? ▼
ZIP code 40516 in Lexington, KY has a population of 2,877 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 40516? ▼
The median household income in ZIP 40516 is $84,510, which is 11% above the national average of $76,288.
What is the average home value in ZIP 40516? ▼
The median home value in ZIP 40516 is $264,100, which is 5% below the national average of $278,155.
What is the demographic makeup of ZIP 40516? ▼
The largest racial group in ZIP 40516 is White at 76.5%. Hispanic or Latino residents make up 5.0% of the population.
How many businesses are in ZIP code 40516? ▼
ZIP code 40516 has 50 business establishments employing approximately 1,791 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 40516? ▼
The top industries by establishment count in ZIP 40516 are: Professional, scientific, and technical services (10), Construction (8), Administrative and support and waste management and remediation services (7). There are 6 industry sectors represented in total.
How have home values changed in ZIP code 40516? ▼
According to the FHFA House Price Index, home values in ZIP 40516 increased by 23.6% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 149%. 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 40516? ▼
In ZIP code 40516, 64.6% of residents aged 25+ have a high school diploma or higher, and 38.2% 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 40516? ▼
In ZIP code 40516, approximately 81.3% of occupied housing units are owner-occupied and 18.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 40516? ▼
The poverty rate in ZIP code 40516 is 15.5% 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.