Surrounding Metropolitan Area
Lexington, Kentucky is a part of the Lexington-Fayette, KY metropolitan area, and contains 38 zip codes, including: 40550, 40579, 40583, 40503, 40536, and 40582.
Lexington Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lexington, KY metropolitan area was $779, which is 16.62% lower than 2014 average rent. This represents a compounded annual growth rate of 3.12%. 2019 vacancy in Lexington, KY was 6.80%.
The total population of the city of Lexington, KY has grown 9.46% since 2010. As of 2018, the population was 323,780. The median household income of the Lexington was $54,918, which is 8.91% lower than the national average.
Submarket Area
Avg Rent
Rent Growth
Vacancy
Median Income
Population (2018)
Population Growth
Vs. Nat’l Avg
Zip Codes
Lexington-Fayette, KY
$779
16.62%
6.80%
$54,918
323,780
9.46%
8.91%
40502 40503 40504 40505 40506 40507 40508 40509 40510 40511 40512 40513 40514 40515 40516 40517 40522 40523 40524 40526 40533 40536 40544 40546 40550 40555 40574 40575 40576 40577 40578 40579 40580 40581 40582 40583 40588 40591
Submarket Area Lexington-Fayette, KY
Avg Rent $779
Rent Growth 16.62%
Vacancy 6.80%
Median Income $54,918
Population (2018) 323,780
Population Growth 9.46%
Vs. Nat’l Avg 8.91%
Zip Code 40502 40503 40504 40505 40506 40507 40508 40509 40510 40511 40512 40513 40514 40515 40516 40517 40522 40523 40524 40526 40533 40536 40544 40546 40550 40555 40574 40575 40576 40577 40578 40579 40580 40581 40582 40583 40588 40591