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These days, finding an affordable place to live in the 40047 area can be challenging. Home prices in 40047 are now at a median cost of $293,367, higher than the Kentucky average of $219,615.
The average cost of rent is $1,069/mo in 40047, primarily driven by the current value of real estate in the 40047 area. In 40047, 11.23% of households rent, and 25.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 40047 is $8,407 per month. Households that rent pay about 12.72% of their income on rent here. 40047’s most expensive areas are in the southwestern 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
- 40229, KY: less expensive homes
- 40291, KY: equally priced homes
- 40165, KY: less expensive homes
- 40228, KY: less expensive homes
- 40110, KY: equally priced homes
- 40109, KY: less expensive homes
- 40013, KY: equally priced homes
- 40219, KY: less expensive homes
- 40299, KY: higher priced homes
- 40071, KY: higher priced homes
Zip Codes with Similar Populations
- 44024, OH: higher priced homes
- 30528, GA: equally priced homes
- 02852, RI: higher priced homes
- 53045, WI: higher priced homes
- 44857, OH: less expensive homes
- 85350, AZ: less expensive homes
- 89134, NV: higher priced homes
- 97015, OR: higher priced homes
- 31605, GA: less expensive homes
- 29909, SC: higher priced homes
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