Interested in purchasing investment houses in the 40509 zip code in Lexington, KY?
The zip code 40509 is in both Fayette and Clark counties with a latitude of -84.376190000000 and longitude of 37.997850000000, is in the state of Kentucky. The average asking price of houses and condos is $240,181.00 and the average sale price was $204,121.00. this regions is classified as the Lexington metro area and is in the 859 area code. The location in degrees is 37° 59' 52.26" N, 84° 22' 34.284" W. The county F.I.P.S. is 21067. The total land area is 41.1 square miles and the water area is 0.2 square miles. The elevation in this area is 899 - 1011 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 40509 is in county number 049 and is L. Sector 97, L. Segment 19, H. Sector 19, and H. Segment 19. The population was 42,099 in 2019 and 32,364 in 2010. Of this, the break down in 2019 was 37,000 urban and 5,098 rural. This further breaks down to 20,374 males (48.4%) and 21,724 females (51.6%). The median age of residents is 36.4 years. The population of the greater Lexington-Fayette, KY area is 466,177. The population density (people per square mile) is 1,024. This zip code has a combined total of 18,498 houses and condos. There are 6,498 rented appartments. 38% of residents rent versus the 38% 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 $68,305 and the average salary is $58,564. The median household income of individuals is $65,965.00 and the average is $79,770.00. This zip code has a mean commute time to work of 23.5 minutes. The unemployment rate is 3.0%. Income earners by percent breakdown as 37.40% (Under $50,000), 33.10% ($50,000-$100,000), and 29.50% earn over $100,000. 7.0% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 90.4. The educational breakdown is 95.9% have a high school education or higher, 54.2% have a bachelor's degree or higher, and 23.4% have some kind of profesional degree.
This area has 13,708 households and the average size is 2.5 people. Individuals who are single and have never been married are 30.2%, 52.7% are now married, 1.2% are separated, 3.7% are widowed, and 12.2% are divorced. The average yearly contribution amount given by people to charity was $3,818 versus the state average of $4,303. The percent of residents who gave to charity was 38.2%.
The estimated median value of houses and condos is $267,701. The median monthly owner costs of mortgage holders was $1,560, where as the costs for those who don't have a mortgage are $528. The median number of rooms in houses and condos are 7.0 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $2,515. 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 $2,509. 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 $2,552. Reported taxable interest for persons was $1,349, dividends $6,038, capital gains +$8,359, and itemized deductions $23,799. The average earned income tax credit is $2,156. The percent of individuals that use a tax preparer is 53.3%. The total average income taxes paid by individuals was $10,238. Businesses reported an average profit of $14,487.
Pho Saigon Noodle Grill
1555 E New Circle Rd Ste 162, Lexington, KY 40509
Crust
2573 Richmond Rd, Lexington, KY 40509
Drake's
3347 Tates Creek Rd, Lexington, KY 40502 (3.2 miles away)
Cheddar's Scratch Kitchen
3604 Walden Dr, Lexington, KY 40517 (3.4 miles away)
Spalding's Bakery Inc
760 Winchester Rd, Lexington, KY 40505 (3.9 miles away)
Giuseppe's Ristorante Italiano
4456 Old Nicholasville Rd, Lexington, KY 40515 (3.9 miles away)
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