Interested in purchasing investment houses in the 40507 zip code in Lexington, KY?
The zip code 40507 is in Fayette county with a latitude of -84.496400000000 and longitude of 38.046990000000, is in the state of Kentucky. The average asking price of houses and condos is $365,846.00 and the average sale price was $243,800.00. this regions is classified as the Lexington metro area and is in the 859 area code. The location in degrees is 38° 2' 49.164" N, 84° 29' 47.04" W. The county F.I.P.S. is 21067. The total land area is 0.4 square miles and the water area is 0.0 square miles. The zip code is on eastern standard time and observes daylight savings time.
The zip 40507 is in county number 067 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 1,791 in 2019 and 1,757 in 2010. This further breaks down to 980 males (54.7%) and 810 females (45.3%). The median age of residents is 44.2 years. The population of the greater Lexington-Fayette, KY area is 466,177. The population density (people per square mile) is 4,303. This zip code has a combined total of 1,467 houses and condos. There are 1,070 rented appartments. 80% of residents rent versus the 80% 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 $76,831 and the average salary is $54,380. The median household income of individuals is $22,085.00 and the average is $150,460.00. This zip code has a mean commute time to work of 15.8 minutes. The unemployment rate is 4.8%. Income earners by percent breakdown as 78.50% (Under $50,000), 15.60% ($50,000-$100,000), and 5.90% earn over $100,000. 23.8% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 96.8. The educational breakdown is 96.0% have a high school education or higher, 57.6% have a bachelor's degree or higher, and 23.4% have some kind of profesional degree.
This area has 1,241 households and the average size is 1.3 people. Individuals who are single and have never been married are 40.3%, 34.2% are now married, 4.2% are separated, 2.6% are widowed, and 18.6% are divorced. The average yearly contribution amount given by people to charity was $6,722 versus the state average of $4,303. The percent of residents who gave to charity was 22.8%.
The estimated median value of houses and condos is $347,315. The median monthly owner costs of mortgage holders was $1,853, where as the costs for those who don't have a mortgage are $1,027. The median number of rooms in houses and condos are 4.8 versus apartments which had a median number of 2.9.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $3,538. 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 1.1% which amounted to an average tax amount of $3,300. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $5,309. Reported taxable interest for persons was $4,417, dividends $20,530, capital gains +$36,467, and itemized deductions $38,284. The average earned income tax credit is $760. The percent of individuals that use a tax preparer is 49.5%. The total average income taxes paid by individuals was $15,484. Businesses reported an average profit of $18,294.
Tony's of Lexington
401 W Main St, Lexington, KY 40507
The Village Idiot
307 W Short St, Lexington, KY 40507
Doodles
262 N Limestone, Lexington, KY 40507
Carson's
362 E Main St, Lexington, KY 40507
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!
