ZIP Code 40516 Demographics

Fayette County, Kentucky  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 40516 compared to county averages.

Total Population

2,758

↓ 99.1% vs county

Median HH Income

$84,836

↑ +28.4% vs county

Median Home Value

$214,400

↓ 13.5% vs county

Median Age

41.4 yrs

↓ +17.6% vs county

Unemployment Rate

1.3%

↑ 74.8% vs county

Income & Housing Comparison

How ZIP 40516 compares to Fayette County and Kentucky overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 40516 $85k Fayette $66k Kentucky $60k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 40516 $214k Fayette $248k Kentucky $177k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

20.8%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

85.3%

of occupied housing units are owner-occupied

Median Gross Rent

$1,071

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 40516 using local Census metrics.

Median Home Value$214,400
Down Payment (20%)$42,880
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$1,361P&I: $1084 | Tax: $214 | Ins: $63
Rent (Local Median)
$1,071
Renting is CheaperRenting is estimated to save you $290/month compared to buying costs.

How Does 40516 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 40516 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 40516, sorted by distance.

40361 11.9 mi away bourbon county 40391 13.7 mi away clark county 40348 19.5 mi away bourbon county 45612 98.6 mi away ross county 45681 104.3 mi away ross county 45617 105.9 mi away ross county

About Fayette County

Fayette County is located in Kentucky and has a total population of 321,276. The county's median household income is $66,087 and median home value is $247,900. ZIP code 40516 is one of many ZCTAs within this county.

View all ZIP codes in Fayette County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.