ZIP 40505 · Lexington-Fayette, Kentucky

Population

25,594 people call ZIP 40505 home.

25,594

people.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Rent

Median rent is up 39% since the 2010–2014 survey, before inflation.

$925

a month. Kentucky's median is $967.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

Local wages can carry more rent than the median charged today.

$1,053–$1,579

is the monthly rent range local workforce wages support.

• $925 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 91% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.4–1.0% to the 12,134 homes here.

43–121

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 13% less than Kentucky's.

$179,200

median home value in ZIP 40505.

• $179,200 ZIP 40505
• $205,600 Kentucky
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year