Interested in purchasing investment houses in the 40516 zip code in Lexington, KY?
The zip code 40516 is in both Fayette and Bourbon counties with a latitude of -84.361200000000 and longitude of 38.069680000000, is in the state of Kentucky. The average asking price of houses and condos is $421,068.00 and the average sale price was $148,909.00. this regions is classified as the Lexington metro area and is in the 859 area code. The location in degrees is 38° 4' 10.848" N, 84° 21' 40.32" W. The county F.I.P.S. is 21067. The total land area is 35.2 square miles and the water area is 0.1 square miles. The elevation in this area is 925 - 1014 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 40516 is in county number 067 and is L. Sector 96, L. Segment 00, H. Sector 00, and H. Segment 00. The population was 3,339 in 2019 and 2,877 in 2010. Of this, the break down in 2019 was 1,137 urban and 2,201 rural. This further breaks down to 1,778 males (53.3%) and 1,560 females (46.7%). The median age of residents is 41.5 years. The population of the greater Lexington-Fayette, KY area is 466,177. The population density (people per square mile) is 95. This zip code has a combined total of 1,294 houses and condos. There are 338 rented appartments. 26% of residents rent versus the 26% 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 $67,624 and the average salary is $52,198. The median household income of individuals is $71,016.00 and the average is $70,890.00. This zip code has a mean commute time to work of 26.5 minutes. The unemployment rate is 6.4%. Income earners by percent breakdown as 33.00% (Under $50,000), 36.10% ($50,000-$100,000), and 30.90% earn over $100,000. 8.7% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 83.5. The educational breakdown is 86.3% have a high school education or higher, 39.6% have a bachelor's degree or higher, and 19.8% have some kind of profesional degree.
This area has 1,168 households and the average size is 2.6 people. Individuals who are single and have never been married are 29.0%, 51.1% are now married, 0.6% are separated, 6.1% are widowed, and 13.3% are divorced. The average yearly contribution amount given by people to charity was $4,773 versus the state average of $4,303. The percent of residents who gave to charity was 36.1%.
The estimated median value of houses and condos is $184,881. The median monthly owner costs of mortgage holders was $1,254, where as the costs for those who don't have a mortgage are $476. The median number of rooms in houses and condos are 6.3 versus apartments which had a median number of 5.1.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $1,748. 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 $1,761. 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 $1,728. Reported taxable interest for persons was $1,921, dividends $4,496, capital gains +$16,776, and itemized deductions $23,338. The average earned income tax credit is $2,324. The percent of individuals that use a tax preparer is 62.3%. The total average income taxes paid by individuals was $9,730. Businesses reported an average profit of $10,340.
Windy Corner Market
4595 Bryan Station Rd, Lexington, KY 40516
Pho Saigon Noodle Grill
1555 E New Circle Rd Ste 162, Lexington, KY 40509 (5 miles away)
Spalding's Bakery Inc
760 Winchester Rd, Lexington, KY 40505 (5.7 miles away)
Drake's
3347 Tates Creek Rd, Lexington, KY 40502 (7.6 miles away)
Tony's of Lexington
401 W Main St, Lexington, KY 40507 (7.7 miles away)
J 2 C Bistro Inc
561 S Broadway, Lexington, KY 40508 (7.9 miles away)
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