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ZIP Code 40516

Primary City:Lexington, KY (View All Cities)
County: Fayette County
Timezone: Eastern (5:35am)
Area code: 859 (Area Code Map)
Coordinates:38.08, -84.37
ZIP (~6 mile radius)

Cities in ZIP code 40516

The cities below are at least partially located in ZIP code 40516. In addition to the primary city for a ZIP code, USPS also publishes a list of other acceptable cities that can be used with ZIP code 40516. However, if you are mailing something to ZIP code 40516, you should not use any of the cities listed as unacceptable. Choose from the primary or acceptable cities when mailing your package or letter.

Primary city:
Lexington, KY

Stats and Demographics for the 40516 ZIP Code

ZIP code 40516 is located in east Kentucky and covers a slightly less than average land area compared to other ZIP codes in the United States. It also has a slightly less than average population density.

The people living in ZIP code 40516 are primarily white. The number of people in their late 20s to early 40s is extremely large while the number of middle aged adults is extremely large. There are also a slightly less than average number of single parents and a slightly higher than average number of single adults. The percentage of children under 18 living in the 40516 ZIP code is slightly less than average compared to other areas of the country.

Population 2,877
Population Density 82 people per sq mi
Housing Units 1,293
Median Home Value $166,500
Land Area 35.22 sq mi
Water Area 0.10 sq mi
Occupied Housing Units 1,168
Median Household Income $60,833

Estimated Population over Time

Total Population by Age

Median Age: 42Male Median Age: 40Female Median Age: 43

Under 55-910-1415-1920-2425-2930-3435-3940-4445-4950-5455-5960-6465-6970-7475-7980-8485 Plus
Male8683104986882919296130108113788152231917
Female7775838167969596108136115100946464383532
Total163158187179135178186188204266223213172145116615449

Gender

 Male 1,421 49%
 Female 1,456 51%
Gender

Race

 White 2,315 80.5%
 Black Or African American 423 14.7%
 American Indian Or Alaskan Native 8 0.3%
 Asian 13 0.5%
 Native Hawaiian & Other Pacific Islander 1 0.0%
 Other Race 58 2.0%
 Two Or More Races 59 2.1%
Race

Head of Household by Age

15-2425-3435-4445-5455-6465-7475-8485 Plus
Owner121221441971891456517
Renter176067713220100
Total291822112682211657517

Families vs Singles

 Husband Wife Family Households 619 53%
 Single Guardian 170 15%
 Singles 291 25%
 Singles With Roommate 88 8%
Families vs Singles

Households with Kids

Average Household Size: 2
 Households without Kids 824 71%
 Households with Kids 344 29%
Households with Kids

Children by Age

1234567891011121314151617181920
Male101717171016122223202119251918223219714
Female171913141915181310231117151711182122913
Total2736303129313035334332364036294053411627

Real Estate and Housing

ZIP code 40516 has a slightly less than average percentage of vacancies. The Census also indicates that there are one or more nursing homes nearby.

The majority of household are owned or have a mortgage. Homes in ZIP code 40516 were primarily built in the 1990s or the 2000s. Looking at 40516 real estate data, the median home value of $166,500 is slightly higher than average compared to the rest of the country. It is also slightly less than average compared to nearby ZIP codes. 40516 could be an area to look for cheap housing compared to surrounding areas. Rentals in 40516 are most commonly 2 bedrooms. The rent for 2 bedrooms is normally $500-$749/month including utilities. Prices for rental property include ZIP code 40516 apartments, townhouses, and homes that are primary residences.

Housing Type

 In Occupied Housing Units 2,814 98%
 Correctional Facility For Adults 0 0%
 Juvenile Facilities 0 0%
 Nursing Facilities 33 1%
 Other Institutional 0 0%
 College Student Housing 0 0%
 Military Quarters 0 0%
 Other Noninstitutional 30 1%
Housing Type

Year Housing was Built

Housing Occupancy

 Owned Households With A Mortgage 653 51%
 Owned Households Free & Clear 238 18%
 Renter Occupied Households 277 21%
 Households Vacant 125 10%
Housing Occupancy

Vacancy Reasons

 For Rent 21 17%
 Rented & Unoccupied 2 2%
 For Sale Only 22 18%
 Sold & Unoccupied 9 7%
 For Season Recreational Or Occasional Use 34 27%
 For Migrant Workers 4 3%
 Vacant For Other Reasons 33 26%
Vacancy Reasons

Owner Occupied Home Values

Rental Properties by Number of Rooms

 Studio Apartment 0 0%
 1 Bedroom 20 8%
 2 Bedroom 149 63%
 3+ Bedroom 67 28%
Rental Properties by Number of Rooms

Cost of Monthly Rent Including Utilities

Cost of a Studio Apartment

Cost of a 1 Bedroom

Cost of a 2 Bedroom

Cost of a 3+ Bedroom

Employment, Income, Earnings, and Work

The median household income of $60,833 is compared to the rest of the country. It is also compared to nearby ZIP codes. So 40516 is likely to be one of the nicer parts of town with a more affluent demographic.

As with most parts of the country, vehicles are the most common form of transportation to places of employment. Instead of a commute, a higher percentage of people in 40516 are able to work from home than most places in the nation. In most parts of the country, the majority of commuters get to work in under half an hour. More commuters in 40516 get to experience these short commute times than most other ZIP codes. It is very uncommon, compared to the rest of the US, for employees to have to travel more than 45 minutes to their place of employment.

Employment Status

 Worked Full-time with Earnings 1,067 50%
 Worked Part-time with Earnings 444 21%
 No Earnings 636 30%
Employment Status

Average Household Income over Time

Household Income

Annual Individual Earnings

Sources of Household Income

Percent of Households Receiving Income

Average Income per Household by Income Source

* Only taxable income is reported.

Household Investment Income

Percent of Households Receiving Investment Income

Average Income per Household by Income Source

* Only taxable income is reported.

Household Retirement Income

Percent of Households Receiving Retirement Income

Average Income per Household by Income Source

* Only taxable income is reported.

Source of Earnings

 Worked Full-time with Earnings 1,067 50%
 Worked Part-time with Earnings 444 21%
 No Earnings 636 30%
Source of Earnings

Means Of Transportation To Work for Workers 16 and Over

 Car, truck, or van 1,233 88.8%
 Public transportation 0 0.0%
 Taxicab 0 0.0%
 Motorcycle 0 0.0%
 Bicycle, Walked, or Other Means 7 0.5%
 Worked at Home 148 10.7%
Means Of Transportation To Work for Workers 16 and Over

Travel Time to Work (In Minutes)

Schools and Education

The percentage of people that did not graduate high school is among the highest in the nation. The area has some of the highest percentages of people who attended college of any ZIP.

Educational Attainment For The Population 25 Years And Over

 Less than High School Diploma 198 21%
 High School Graduate 309 33%
 Associate's degree 63 7%
 Bachelor's degree 116 12%
 Master's degree 156 17%
 Professional school degree 41 4%
 Doctorate degree 47 5%
Educational Attainment For The Population 25 Years And Over

School Enrollment (Ages 3 to 17)

 Enrolled in Public School 323 66.5%
 Enrolled in Private School 151 31.1%
 Not Enrolled in School 12 2.5%
School Enrollment (Ages 3 to 17)

Nearby ZIP Codes