Zip Code

40502

City

Lexington, KY

Population & Migration

What is the forecasted population for Zip code 40502 Lexington, KY?

Population census 2020
27,343
Forecasted population 2025
27,753
1.5% vs. 2020
Forecasted population 2030
28,293
3.5% vs. 2020

Zip code 40502 Lexington, KY population is forecasted to decrease 1.5% by 2025 (-3.2 points below the 4.7% national average).

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Housing and Affordability

With a forecasted population of 27,753 people for 2025 zip code 40502 Lexington, KY will generate a good demand for housing, which is expected to have a deficit of 492 houses for 2030. Vacancy rate is 2.0 points below national US average.

Total homes available 2020
14,169
Estimated total home demand in 2030
14,661
Total homes balance inventory
492

Average Household Income in zip code 40502 Lexington, KY
from Internal Revenue Service

Average household income in 2021
$118,655

Affordability

Affordability Index
4

Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5

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Drinking water violations

How is the quality of drinking water in Zip code 40502 Lexington, KY?

County total number of drinking water violations

1

-100%

244

County total number of drinking water contaminations

1

-96%

24

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