Interested in purchasing investment houses in the 40508 zip code in Lexington, KY?
The zip code 40508 is in Fayette county with a latitude of -84.501140000000 and longitude of 38.049960000000, is in the state of Kentucky. The average asking price of houses and condos is $318,664.00 and the average sale price was $95,866.00. this regions is classified as the Lexington metro area and is in the 859 area code. The location in degrees is 38° 2' 59.856" N, 84° 30' 4.104" W. The county F.I.P.S. is 21067. The total land area is 4.3 square miles and the water area is 0.0 square miles. The elevation in this area is 958 - 981 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 40508 is in county number 067 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 26,047 in 2019 and 23,569 in 2010. This further breaks down to 12,464 males (47.9%) and 13,582 females (52.1%). The median age of residents is 23.1 years. The population of the greater Lexington-Fayette, KY area is 466,177. The population density (people per square mile) is 6,111. This zip code has a combined total of 11,170 houses and condos. There are 7,259 rented appartments. 76% of residents rent versus the 76% 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 $33,114 and the average salary is $28,102. The median household income of individuals is $22,519.00 and the average is $40,140.00. This zip code has a mean commute time to work of 16.7 minutes. The unemployment rate is 8.0%. Income earners by percent breakdown as 80.60% (Under $50,000), 14.50% ($50,000-$100,000), and 4.90% earn over $100,000. 43.2% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 91.0. The educational breakdown is 80.5% have a high school education or higher, 30.5% have a bachelor's degree or higher, and 13.6% have some kind of profesional degree.
This area has 9,123 households and the average size is 2.2 people. Individuals who are single and have never been married are 71.9%, 14.6% are now married, 2.0% are separated, 3.0% are widowed, and 8.4% are divorced. The average yearly contribution amount given by people to charity was $4,058 versus the state average of $4,303. The percent of residents who gave to charity was 11.8%.
The estimated median value of houses and condos is $140,209. The median monthly owner costs of mortgage holders was $1,075, where as the costs for those who don't have a mortgage are $417. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 3.8.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $1,358. 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 1.0% which amounted to an average tax amount of $1,495. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.0% which amounted to an average tax amount of $967. Reported taxable interest for persons was $1,300, dividends $6,219, capital gains +$11,220, and itemized deductions $20,810. The average earned income tax credit is $2,070. The percent of individuals that use a tax preparer is 48.9%. The total average income taxes paid by individuals was $9,329. Businesses reported an average profit of $10,070.
J 2 C Bistro Inc
561 S Broadway, Lexington, KY 40508
Ellos
406 S Broadway, Lexington, KY 40508
The Local Taco
315 S Limestone, Lexington, KY 40508
Blue Stallion Brewing Co
610 W Third St, Lexington, KY 40508
Sav's Grill
304 S Limestone, Lexington, KY 40508
Great Bagel
396 Woodland Ave, Lexington, KY 40508
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