Interested in purchasing investment houses in the 40347 zip code in Midway, KY?
The zip code 40347 is in both Woodford and Scott counties with a latitude of -84.715600000000 and longitude of 38.158430000000, is in the state of Kentucky. The average asking price of houses and condos is $954,684.00 and the average sale price was $261,791.00. this regions is classified as the Lexington metro area and is in the 859 area code. The location in degrees is 38° 9' 30.348" N, 84° 42' 56.16" W. The county F.I.P.S. is 21239. The total land area is 35.0 square miles and the water area is 0.3 square miles. The elevation in this area is 797 - 879 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 40347 is in county number 073 and is L. Sector 96, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 3,102 in 2019 and 2,767 in 2010. This further breaks down to 1,400 males (45.1%) and 1,701 females (54.9%). The median age of residents is 41.9 years. The population of the greater Lexington-Fayette, KY area is 466,177. The population density (people per square mile) is 89. This zip code has a combined total of 1,327 houses and condos. There are 312 rented appartments. 27% of residents rent versus the 27% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $64,805 and the average salary is $53,475. The median household income of individuals is $59,426.00 and the average is $84,480.00. This zip code has a mean commute time to work of 20.3 minutes. The unemployment rate is 4.5%. Income earners by percent breakdown as 44.40% (Under $50,000), 32.00% ($50,000-$100,000), and 23.60% earn over $100,000. 6.4% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 84.1. The educational breakdown is 93.1% have a high school education or higher, 44.7% have a bachelor's degree or higher, and 19.7% have some kind of profesional degree.
This area has 1,056 households and the average size is 2.4 people. Individuals who are single and have never been married are 35.1%, 51.5% are now married, 1.2% are separated, 3.3% are widowed, and 8.9% are divorced. The average yearly contribution amount given by people to charity was $5,687 versus the state average of $4,303. The percent of residents who gave to charity was 32.1%.
The estimated median value of houses and condos is $260,735. The median monthly owner costs of mortgage holders was $1,304, where as the costs for those who don't have a mortgage are $536. The median number of rooms in houses and condos are 7.1 versus apartments which had a median number of 4.9.
The real estate tax percent rate is 0.7% which equated to an average real estate tax amount payment of $1,723. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,257. The median housing property tax percent for residents with mortgages was 0.7% which amounted to an average tax amount of $1,671. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.7% which amounted to an average tax amount of $1,807. Reported taxable interest for persons was $1,438, dividends $4,762, capital gains +$20,793, and itemized deductions $25,066. The average earned income tax credit is $2,100. The percent of individuals that use a tax preparer is 61.4%. The total average income taxes paid by individuals was $9,213. Businesses reported an average profit of $14,786.
Mezzo Italian Cafe and Provisions
131 E Main St, Midway, KY 40347
Holly Hill Inn
426 N Winter St, Midway, KY 40347
Brown Barrel
224 N Gratz St, Midway, KY 40347
The Midway Bakery
510 S Winter St, Midway, KY 40347
Heirloom Restaurants
125 E Main St, Midway, KY 40347
Don Jockey
121 E Main St, Midway, KY 40347
Goose & Gander
113 E Main St, Midway, KY 40347
Krispy Krunchy Chicken
1004 Green Gables Dr, Midway, KY 40347
The Black Tulip
133 E Main St, Midway, KY 40347
Quirk Cafe
131 E Main St, Midway, KY 40347
Le Marche
104 E Main St, Midway, KY 40347
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