ZIP Code 40516

ZIP Code Tabulation Area in Fayette County, Kentucky.

Population: 2,809
Median household income: $85,655
Median home value: $249,800

ZIP Code 40516 (Fayette County, Kentucky) is home to about 2,809 residents. The median household income of $85,655 is above the Fayette County median ($67,631).

Between 2019 and 2023, ZIP Code 40516's population declined 15.0% from 3,303 to 2,809, while its median gross rent rose 21.1% from $963 to $1,166.

Households average 2.49 people. The median gross rent is $1,166.

Demographics

ACS 2019–2023

Population: 2,809
Median age: 37.4 yrs
Median household income: $85,655
Median home value: $249,800
Median gross rent: $1,166
Housing units: 1,131
Homeownership rate: 82.0%
Bachelor's degree or higher: 38.2%
Unemployment rate: 1.6%

Trends

ACS 5-year · 2019–2023

Population

3,3032,809

Median household income

$68,984$85,655

Median home value

$167,200$249,800

Median gross rent

$963$1,166

Year	Population	Median household income	Median home value	Median gross rent
2019	3,303	$68,984	$167,200	$963
2020	3,446	$77,717	$177,600	$1,252
2021	2,773	$81,150	$181,600	$1,024
2022	2,758	$84,836	$214,400	$1,071
2023	2,809	$85,655	$249,800	$1,166

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

Age distribution

Under 510.4%

5 to 1716.9%

18 to 245.9%

25 to 3411.9%

35 to 4413.0%

45 to 547.7%

55 to 6415.3%

65 to 746.9%

75 and over12.2%

	Count	Share
Under 5	292	10.4%
5 to 17	475	16.9%
18 to 24	165	5.9%
25 to 34	333	11.9%
35 to 44	364	13.0%
45 to 54	215	7.7%
55 to 64	429	15.3%
65 to 74	193	6.9%
75 and over	343	12.2%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,225	79.2%
Black or African American	385	13.7%
American Indian & Alaska Native	1	0.0%
Asian	20	0.7%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	71	2.5%
Hispanic or Latino (any race)	107	3.8%

Educational attainment (age 25+)

No high school diploma6.3%

High school graduate21.4%

Some college or associate's34.1%

Bachelor's degree24.8%

Graduate or professional degree13.4%

	Count	Share
No high school diploma	118	6.3%
High school graduate	402	21.4%
Some college or associate's	640	34.1%
Bachelor's degree	466	24.8%
Graduate or professional degree	251	13.4%

Commute to work

Mean travel time to work: 26 min

Drove alone77.1%

Carpooled3.6%

Public transit0.0%

Walked2.7%

Bicycle0.0%

Worked from home13.4%

Other means3.2%

How workers get to work

	Count	Share
Drove alone	1,060	77.1%
Carpooled	49	3.6%
Public transit	0	0.0%
Walked	37	2.7%
Bicycle	0	0.0%
Worked from home	184	13.4%
Other means	44	3.2%

Travel time

	Count	Share
Under 15 min	244	20.5%
15 to 29 min	527	44.3%
30 to 44 min	344	28.9%
45 to 59 min	25	2.1%
60+ min	50	4.2%

Households

Average household size: 2.49
Poverty rate: 21.2% (588 of 2,773)

	Count	Share
Family households	713	64.8%
Nonfamily households	388	35.2%

Housing

Median year structure built: 1992

Occupancy

	Count	Share
Occupied	1,101	97.3%
Vacant	30	2.7%

Tenure (of occupied units)

	Count	Share
Owner-occupied	903	82.0%
Renter-occupied	198	18.0%

1-unit, detached80.1%

1-unit, attached9.2%

2 to 4 units4.7%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other6.0%

Units in structure

	Count	Share
1-unit, detached	906	80.1%
1-unit, attached	104	9.2%
2 to 4 units	53	4.7%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	68	6.0%

ZIP Code 40516

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

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