What to know about ZIP 40340
ZIP code 40340 covers ZIP 40340 with a population of about 7,333.
At a glance, the area shows median age of 32.4 versus a U.S. median of about 38.9.
It sits in the LEXINGTON media market.
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ZIP Code 40340 — undefined, undefined Demographics & Data
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Middle Class
At a glance
Population
7,333
Density
N/A
Median income
$79,205
+5% vs US avg
Home value
$224,600
-35% vs US avg
Median rent
$1,027
-12% vs US avg
Timezone
N/A
Overview of ZIP Code 40340
Income and economy in ZIP 40340
Median household income in ZIP 40340 is about $79,205 — about 5% above the U.S. median ($75,149).
On socioeconomic markers, US5 shows a poverty rate of 14.3%; unemployment rate near 4.3%; 21.8% of adults with a bachelor’s degree or higher (about 11.9 points below the national share (33.7%)).
Labor and commute patterns include leading industry context around Healthcare, Retail trade, and Food services; about 8.2% of workers reporting work-from-home (about 7.0 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).
Housing and affordability in ZIP 40340
Median home value is about $224,600 — about 35% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $1,027 (about 12% below the U.S. median rent ($1,163)), and owner-occupancy near 50.1% (about 15.3 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 40340, a household would need roughly $62,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,443. That sits below the local median household income ($79,205), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.