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These days, finding an affordable place to live in the 40031 area can be challenging. Home prices in 40031 are now at a median cost of $336,945, higher than the Kentucky average of $219,615.
The average cost of rent is $1,099/mo in 40031, primarily driven by the current value of real estate in the 40031 area. In 40031, 18.89% of households rent, and 40.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 40031 is $9,144 per month. Households that rent pay about 12.02% of their income on rent here. 40031’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 40010, KY: higher priced homes
- 40014, KY: higher priced homes
- 40068, KY: equally priced homes
- 40077, KY: equally priced homes
- 40055, KY: less expensive homes
- 40056, KY: equally priced homes
- 40070, KY: less expensive homes
- 47104, IN: less expensive homes
- 40026, KY: higher priced homes
- 40059, KY: higher priced homes
Zip Codes with Similar Populations
- 02745, MA: higher priced homes
- 08087, NJ: equally priced homes
- 11010, NY: higher priced homes
- 11552, NY: higher priced homes
- 27565, NC: less expensive homes
- 28681, NC: less expensive homes
- 30327, GA: higher priced homes
- 90403, CA: higher priced homes
- 60053, IL: higher priced homes
- 60175, IL: higher priced homes
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