Interested in purchasing investment houses in the 40511 zip code in Lexington, KY?
The zip code 40511 is in both Fayette and Scott counties with a latitude of -84.478070000000 and longitude of 38.133670000000, is in the state of Kentucky. The average asking price of houses and condos is $358,175.00 and the average sale price was $141,862.00. this regions is classified as the Lexington metro area and is in the 859 area code. The location in degrees is 38° 8' 1.212" N, 84° 28' 41.052" W. The county F.I.P.S. is 21067. The total land area is 88.6 square miles and the water area is 0.4 square miles. The elevation in this area is 856 - 978 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 40511 is in county number 017 and is L. Sector 94, L. Segment 03, H. Sector 03, and H. Segment 03. The population was 34,278 in 2019 and 31,798 in 2010. Of this, the break down in 2019 was 26,626 urban and 7,651 rural. This further breaks down to 17,867 males (52.1%) and 16,411 females (47.9%). The median age of residents is 35.6 years. The population of the greater Lexington-Fayette, KY area is 466,177. The population density (people per square mile) is 387. This zip code has a combined total of 13,908 houses and condos. There are 4,625 rented appartments. 36% of residents rent versus the 36% 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 $48,214 and the average salary is $42,109. The median household income of individuals is $53,466.00 and the average is $59,030.00. This zip code has a mean commute time to work of 21.2 minutes. The unemployment rate is 3.9%. Income earners by percent breakdown as 46.90% (Under $50,000), 34.60% ($50,000-$100,000), and 18.60% earn over $100,000. 11.7% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 89.2. The educational breakdown is 87.3% have a high school education or higher, 36.2% have a bachelor's degree or higher, and 13.5% have some kind of profesional degree.
This area has 11,536 households and the average size is 2.5 people. Individuals who are single and have never been married are 34.0%, 47.3% are now married, 2.4% are separated, 3.6% are widowed, and 12.7% are divorced. The average yearly contribution amount given by people to charity was $3,950 versus the state average of $4,303. The percent of residents who gave to charity was 28.4%.
The estimated median value of houses and condos is $172,275. The median monthly owner costs of mortgage holders was $1,244, where as the costs for those who don't have a mortgage are $399. The median number of rooms in houses and condos are 6.0 versus apartments which had a median number of 4.5.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $1,683. 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 $1,810. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.7% which amounted to an average tax amount of $980. Reported taxable interest for persons was $2,322, dividends $8,045, capital gains +$19,810, and itemized deductions $19,403. The average earned income tax credit is $2,278. The percent of individuals that use a tax preparer is 54.9%. The total average income taxes paid by individuals was $7,514. Businesses reported an average profit of $8,064.
Red State BBQ
4020 Georgetown Rd, Lexington, KY 40511
Vinaigrette Salad Kitchen
1781 Sharkey Way Ste 115, Lexington, KY 40511
J & N Grocery
370 Paynes Depot Rd, Lexington, KY 40511
Bad Wolf Cafe
1415 Leestown Rd, Lexington, KY 40511
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