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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Climate Resiliency
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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