ZIP Code 40508

ZIP Code Tabulation Area in Fayette County, Kentucky.

Population: 24,356
Median household income: $28,040
Median home value: $174,900

Covering part of Fayette County, Kentucky, ZIP Code 40508 has about 24,356 residents. At $28,040, its median household income sits below Fayette County's $67,631.

From 2019 to 2023, ZIP Code 40508's population declined 5.5% from 25,766 to 24,356, while its median gross rent rose 16.9% from $770 to $900.

35.8% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 28.7% of the area's occupied homes.

Demographics

ACS 2019–2023

Population: 24,356
Median age: 23.7 yrs
Median household income: $28,040
Median home value: $174,900
Median gross rent: $900
Housing units: 11,458
Homeownership rate: 28.7%
Bachelor's degree or higher: 35.8%
Unemployment rate: 9.4%

Trends

ACS 5-year · 2019–2023

Population

25,76624,356

Median household income

$25,758$28,040

Median home value

$126,800$174,900

Median gross rent

$770$900

Year	Population	Median household income	Median home value	Median gross rent
2019	25,766	$25,758	$126,800	$770
2020	26,226	$28,850	$139,900	$774
2021	26,175	$26,924	$139,800	$800
2022	25,518	$27,711	$148,800	$892
2023	24,356	$28,040	$174,900	$900

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.7%

5 to 178.0%

18 to 2443.1%

25 to 3414.3%

35 to 447.7%

45 to 545.2%

55 to 6410.0%

65 to 745.7%

75 and over3.4%

	Count	Share
Under 5	649	2.7%
5 to 17	1,951	8.0%
18 to 24	10,491	43.1%
25 to 34	3,494	14.3%
35 to 44	1,872	7.7%
45 to 54	1,257	5.2%
55 to 64	2,433	10.0%
65 to 74	1,390	5.7%
75 and over	819	3.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	14,669	60.2%
Black or African American	5,451	22.4%
American Indian & Alaska Native	42	0.2%
Asian	663	2.7%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	93	0.4%
Two or more races	1,299	5.3%
Hispanic or Latino (any race)	2,139	8.8%

Educational attainment (age 25+)

No high school diploma14.1%

High school graduate22.8%

Some college or associate's27.4%

Bachelor's degree19.5%

Graduate or professional degree16.3%

	Count	Share
No high school diploma	1,583	14.1%
High school graduate	2,567	22.8%
Some college or associate's	3,084	27.4%
Bachelor's degree	2,192	19.5%
Graduate or professional degree	1,839	16.3%

Commute to work

Mean travel time to work: 18 min

Drove alone58.7%

Carpooled8.6%

Public transit3.5%

Walked17.6%

Bicycle1.2%

Worked from home9.2%

Other means1.1%

How workers get to work

	Count	Share
Drove alone	6,941	58.7%
Carpooled	1,013	8.6%
Public transit	417	3.5%
Walked	2,085	17.6%
Bicycle	146	1.2%
Worked from home	1,088	9.2%
Other means	134	1.1%

Travel time

	Count	Share
Under 15 min	4,699	43.8%
15 to 29 min	4,400	41.0%
30 to 44 min	921	8.6%
45 to 59 min	240	2.2%
60+ min	476	4.4%

Households

Average household size: 1.90
Poverty rate: 37.4% (7,291 of 19,510)

	Count	Share
Family households	3,479	34.9%
Nonfamily households	6,501	65.1%

Housing

Median year structure built: 1967

Occupancy

	Count	Share
Occupied	9,980	87.1%
Vacant	1,478	12.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	2,864	28.7%
Renter-occupied	7,116	71.3%

1-unit, detached40.6%

1-unit, attached3.7%

2 to 4 units14.3%

5 to 19 units17.5%

20 or more units22.2%

Mobile home & other1.7%

Units in structure

	Count	Share
1-unit, detached	4,654	40.6%
1-unit, attached	427	3.7%
2 to 4 units	1,639	14.3%
5 to 19 units	2,003	17.5%
20 or more units	2,540	22.2%
Mobile home & other	195	1.7%

ZIP Code 40508

Demographics

Trends

Age distribution

Race & ethnicity

Educational attainment (age 25+)

Commute to work

Households

Housing

Geography

Counties this ZIP covers

Compare with nearby ZIP codes

National ZIP rankings

Nearby ZIP codes