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ZIP CODE TABULATION AREA

40516

Kentucky · 2,926 residents · 30.7 sq mi
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ZIP 40516 is home to 2,926 people in Fayette County. 81% of homes are owner-occupied. The foreign-born share is 5%. Households here earn about 22% more than in Fayette County as a whole. The typical home is worth $264,100. 94% were living in the same home a year earlier. Among the 14 ZIP codes in Fayette County, 40516 ranks 6th by median household income.

$84,510
US average: $82,259
$43,141
US average: $44,673
$264,100
US average: $376,019
38.2%
US average: 35.6%
Land area
30.7 sq mi
Age, sex & households
Under 18
24.4%
Age 65+
17.6%
53.8%
46.2%
2.44 people
Race & ethnicity · 2024
2024
White, non-Hispanic74.1%(2,168)
Black18.2%(533)
Hispanic / Latino5%(145)
Asian1.1%(33)
Other1.6%(47)
52
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
Housing
3.1
Years of local income it takes to buy a local home, on a scale of about 0 to 15. Lower is more affordable.
Within Fayette County
Income rank vs other ZIPs
LOWEST6TH OF 14HIGHEST
Adjacent ZIPs
40502$76,948
40503$76,482
40504$46,055
40505$58,206
Frequently asked

How many people live in ZIP code 40516?

ZIP code 40516 has about 2,926 residents according to the 2024 American Community Survey.

What is the median household income in ZIP code 40516?

The typical household in ZIP code 40516 earns about $84,510 a year. Half of households make more than that, and half make less.

Is ZIP code 40516 expensive?

In ZIP code 40516, the median home is worth about $264,100, and the typical rent is about $1,114 a month.

How educated are people in ZIP code 40516?

About 38.2% of adults age 25 and over in ZIP code 40516 hold a bachelor's degree or higher.

What is the poverty rate in ZIP code 40516?

About 15.5% of people in ZIP code 40516 live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR · ZCTA · UPDATED 2024