Interested in purchasing investment houses in the 40502 zip code in Lexington, KY?
The zip code 40502 is in Fayette county with a latitude of -84.482070000000 and longitude of 38.013870000000, is in the state of Kentucky. The average asking price of houses and condos is $478,842.00 and the average sale price was $294,648.00. this regions is classified as the Lexington metro area and is in the 859 area code. The location in degrees is 38° 0' 49.932" N, 84° 28' 55.452" W. The county F.I.P.S. is 21067. The total land area is 7.2 square miles and the water area is 0.3 square miles. The elevation in this area is 1001 - 1024 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 40502 is in county number 067 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 27,566 in 2019 and 25,709 in 2010. This further breaks down to 13,497 males (49.0%) and 14,069 females (51.0%). The median age of residents is 37.5 years. The population of the greater Lexington-Fayette, KY area is 466,177. The population density (people per square mile) is 3,828. This zip code has a combined total of 13,744 houses and condos. There are 5,288 rented appartments. 42% of residents rent versus the 42% 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 $100,827 and the average salary is $70,467. The median household income of individuals is $53,900.00 and the average is $124,180.00. This zip code has a mean commute time to work of 18.1 minutes. The unemployment rate is 3.4%. Income earners by percent breakdown as 47.10% (Under $50,000), 26.60% ($50,000-$100,000), and 26.30% earn over $100,000. 12.5% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 91.8. The educational breakdown is 99.4% have a high school education or higher, 68.7% have a bachelor's degree or higher, and 35.4% have some kind of profesional degree.
This area has 12,573 households and the average size is 2.2 people. Individuals who are single and have never been married are 36.7%, 49.8% are now married, 0.7% are separated, 4.2% are widowed, and 8.5% are divorced. The average yearly contribution amount given by people to charity was $7,961 versus the state average of $4,303. The percent of residents who gave to charity was 40.4%.
The estimated median value of houses and condos is $388,891. The median monthly owner costs of mortgage holders was $1,986, where as the costs for those who don't have a mortgage are $648. The median number of rooms in houses and condos are 7.8 versus apartments which had a median number of 4.1.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $3,446. 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 0.9% which amounted to an average tax amount of $3,567. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $3,205. Reported taxable interest for persons was $3,049, dividends $13,861, capital gains +$20,231, and itemized deductions $33,535. The average earned income tax credit is $1,622. The percent of individuals that use a tax preparer is 57.8%. The total average income taxes paid by individuals was $15,831. Businesses reported an average profit of $20,212.
Drake's
3347 Tates Creek Rd, Lexington, KY 40502
Sal's Chophouse
3373 Tates Creek Rd, Lexington, KY 40502
Malone's Banquets
3347 Tates Creek Rd, Lexington, KY 40502
The Cellar Bar & Grille
3256 Lansdowne Dr, Lexington, KY 40502
Blue Door Smokehouse
226 Walton Ave, Lexington, KY 40502
OBC Kitchen
3373 Tates Creek Rd, Lexington, KY 40502
Athenian Grill
313 S Ashland Ave, Lexington, KY 40502
Bourbon N' Toulouse
829 Euclid Ave, Lexington, KY 40502
Magee's Bakery
726 E Main St, Lexington, KY 40502
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