Interested in purchasing investment houses in the 40504 zip code in Lexington, KY?
The zip code 40504 is in Fayette county with a latitude of -84.541540000000 and longitude of 38.041720000000, is in the state of Kentucky. The average asking price of houses and condos is $184,354.00 and the average sale price was $143,706.00. this regions is classified as the Lexington metro area and is in the 859 area code. The location in degrees is 38° 2' 30.192" N, 84° 32' 29.544" W. The county F.I.P.S. is 21067. The total land area is 6.1 square miles and the water area is 0.0 square miles. The elevation in this area is 919 - 951 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 40504 is in county number 067 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 28,099 in 2019 and 25,655 in 2010. Of this, the break down in 2019 was 28,093 urban and 5 rural. This further breaks down to 14,202 males (50.5%) and 13,896 females (49.5%). The median age of residents is 31.1 years. The population of the greater Lexington-Fayette, KY area is 466,177. The population density (people per square mile) is 4,624. This zip code has a combined total of 13,069 houses and condos. There are 7,937 rented appartments. 68% of residents rent versus the 68% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $36,755 and the average salary is $30,866. The median household income of individuals is $37,899.00 and the average is $43,780.00. This zip code has a mean commute time to work of 20.6 minutes. The unemployment rate is 5.9%. Income earners by percent breakdown as 63.80% (Under $50,000), 27.20% ($50,000-$100,000), and 9.00% earn over $100,000. 30.4% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 90.0. The educational breakdown is 84.1% have a high school education or higher, 29.6% have a bachelor's degree or higher, and 11.9% have some kind of profesional degree.
This area has 11,125 households and the average size is 2.3 people. Individuals who are single and have never been married are 45.2%, 32.9% are now married, 2.1% are separated, 6.9% are widowed, and 12.9% are divorced. The average yearly contribution amount given by people to charity was $3,555 versus the state average of $4,303. The percent of residents who gave to charity was 17.8%.
The estimated median value of houses and condos is $169,069. The median monthly owner costs of mortgage holders was $1,163, where as the costs for those who don't have a mortgage are $440. The median number of rooms in houses and condos are 6.6 versus apartments which had a median number of 3.9.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $1,504. 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 $1,543. 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 $1,435. Reported taxable interest for persons was $1,332, dividends $4,590, capital gains +$5,600, and itemized deductions $17,727. The average earned income tax credit is $2,252. The percent of individuals that use a tax preparer is 58.4%. The total average income taxes paid by individuals was $7,030. Businesses reported an average profit of $9,046.
O'Charley's
2099 Harrodsburg Rd, Lexington, KY 40504
Gyroz Eatery
393 Waller Ave, Lexington, KY 40504
Gumbo Ya Ya
1080 S Broadway Ste 107, Lexington, KY 40504
Dad's Favorites
820 Lane Allen Rd Ste 148, Lexington, KY 40504
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
