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Affordable
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These days, finding an affordable place to live in the 40118 area can be challenging. Home prices in 40118 are now at a median cost of $138,111, lower than the Kentucky average of $219,615.
The average cost of rent is $1,235/mo in 40118, primarily driven by the current value of real estate in the 40118 area. In 40118, 35.43% of households rent, and 46.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 40118 is $4,730 per month. Households that rent pay about 26.11% of their income on rent here. 40118’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern 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
- 40109, KY: higher priced homes
- 40214, KY: higher priced homes
- 40219, KY: higher priced homes
- 40229, KY: higher priced homes
- 40272, KY: higher priced homes
- 40209, KY: equally priced homes
- 40215, KY: less expensive homes
- 40213, KY: higher priced homes
- 40258, KY: higher priced homes
- 40216, KY: higher priced homes
Zip Codes with Similar Populations
- 01588, MA: higher priced homes
- 95119, CA: higher priced homes
- 97479, OR: higher priced homes
- 98327, WA: higher priced homes
- 07034, NJ: higher priced homes
- 02631, MA: higher priced homes
- 66012, KS: higher priced homes
- 64834, MO: higher priced homes
- 42261, KY: less expensive homes
- 64109, MO: higher priced homes
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