ZIP 40516 — Business Opportunities

Top business opportunities in 40516

The highest-scored business categories to consider opening in Lexington, KY, based on demand (population, income, demographic fit) versus existing supply.

1. 1. Childcare 100/100
   ~0.4 businesses underserved · confidence: medium
2. 2. Jewelry & Accessories 89/100
   ~0.4 businesses underserved · confidence: medium
3. 3. Furniture & Home Decor 81/100
   ~0.3 businesses underserved · confidence: medium
4. 4. Electronics 72/100
   ~0.2 businesses underserved · confidence: medium
5. 5. Electronics Repair 72/100
   ~0.3 businesses underserved · confidence: medium
6. 6. Toys & Games 69/100
   ~0.2 businesses underserved · confidence: medium
7. 7. Veterinary 66/100
   ~0.2 businesses underserved · confidence: medium
8. 8. Cafes & Coffee Shops 66/100
   ~0.4 businesses underserved · confidence: medium
9. 9. Clothing & Apparel 63/100
   ~0.5 businesses underserved · confidence: medium
10. 10. Restaurants 58/100
    ~1.2 businesses underserved · confidence: medium

What's already here — existing business mix

The most common business categories currently operating in ZIP 40516.

• Religious — 4 businesses
• Fire Station — 2 businesses
• Parking — 2 businesses
• Schools — 1 businesses
• Pitch — 1 businesses
• Toilets — 1 businesses
• Courthouse — 0 businesses
• Storage Rental — 0 businesses
• Distillery — 0 businesses
• Museum — 0 businesses
• Charging Station — 0 businesses
• Company — 0 businesses
• Insurance — 0 businesses
• Tyres — 0 businesses
• Garden — 0 businesses

Full demographic profile

Population	2,758
Households	1,058
Median household income	$84,836
Per capita income	$44,686
Median age	41.4
% bachelor's degree or higher	38.8%
% age 18–34	14.177%
% age 65+	11.24%
% renter-occupied	14.259%
Median home value	$214,400
Median gross rent	$1,071
Unemployment rate	1.249%

Nearby ZIPs in KY

40219 Louisville · 40218 Louisville · 40217 Louisville · 40216 Louisville · 40215 Louisville · 40214 Louisville