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AREA INFORMATION

40508 (Lexington, KY)

Explore the real estate in 40508 (Lexington, KY)

Area Highlights

40508 (Lexington, KY) residents have a median age of 30.1 years old, with employment highest in the administrative support and food industries.

23,449 Population

9,030 Households

$34,932 /yr
Median Household Income

$259,062
Median Home Sale Price

17m Median Commute Time

Most people in this area drive to work.

Area Map

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

30.1 Median Age

Average Household Size

1.9
persons per
household

16.4%

Married Households

Community Population By Education

Bachelors Degree 24%
High School Graduate 21%
Some College 18%
Graduate Degree 17%
Some High School 13%
Associates Degree 7%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 24.24% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
13% of households have children

Area Schools

6-8
0.7 MILES
D-
Lexington Traditional Magnet School
PK-5
0.9 MILES
D
Booker T. Washington Elementary School
9-12
0.9 MILES
A
Steam Academy
8-12
1.1 MILES
F
Fayette County Learning Center
PK-5
1.4 MILES
D-
William Wells Brown Elementary School
KG-5
1.4 MILES
C+
Maxwell Spanish Immersion Elementary School
PK-TKG
1.4 MILES
Good Shepherd Day School

Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.

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Economics

$34,932 /yr
Median Household Income
$259,062
Median Sales Price
17 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Under $15k representing 23.27% of the households.

Transportation to Work

  • Drive 67%
  • Walk or Bike 23%
  • Work from Home 6%
  • Public Transit 4%

Occupancy by Type

Rented 6,512 61%
Owned 2,518 23%
Vacant 1,687 16%

White vs Blue Collar Jobs







White Collar 85%
Blue Collar 15%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 30.1 years old. The smallest percentage group is 18-24 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 60%
Black 24%
Hispanic 8%
Other 6%
Asian 4%
Native American <1%
The most prevalent ethnicity is White at 60%, followed by Black at 24%, Hispanic at 8%, and Other at 6%.

Crime & Pollution

Crime vs National Average

This location’s average annual crime rates compared to the national average. Index score (100=National Average)

Pollution vs National Average

This location’s average annual pollution rates compared to the national average. Index score (100=National Average)

Weather

87° July
Hottest Average Month
24° January
Coldest Average Month

Severe Weather

This location’s average annual severe weather events compared to the national average. Index score (100=National Average)

Average Temperature by Month

Low (°F)
High (°F)
Jan
24°
42°
Feb
26°
46°
Mar
34°
56°
Apr
44°
66°
May
53°
75°
Jun
61°
83°
Jul
65°
87°
Aug
64°
86°
Sep
57°
80°
Oct
45°
69°
Nov
36°
56°
Dec
28°
45°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Listings in the Area

$580,000
For sale
0.42 acres

801 North Broadway
Lexington, KY 40508

Price On Request
For sale
37,824 sqft

176 Turner Commons Way
Lexington, KY 40508

Price On Request
For sale
8,761 sqft

182 Turner Commons Way
Lexington, KY 40508

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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