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These days, finding an affordable place to live in the 40205 area can be challenging. Home prices in 40205 are now at a median cost of $391,743, higher than the Kentucky average of $219,615.
The average cost of rent is $1,239/mo in 40205, primarily driven by the current value of real estate in the 40205 area. In 40205, 25.56% of households rent, and 38.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 40205 is $8,512 per month. Households that rent pay about 14.56% of their income on rent here. 40205’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern 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
- 40280, KY: higher priced homes
- 40204, KY: equally priced homes
- 40206, KY: less expensive homes
- 40213, KY: less expensive homes
- 40217, KY: less expensive homes
- 40218, KY: less expensive homes
- 40207, KY: higher priced homes
- 40220, KY: less expensive homes
- 40202, KY: less expensive homes
- 40208, KY: less expensive homes
Zip Codes with Similar Populations
- 85268, AZ: higher priced homes
- 30286, GA: less expensive homes
- 32233, FL: higher priced homes
- 33772, FL: less expensive homes
- 36582, AL: less expensive homes
- 37415, TN: less expensive homes
- 72206, AR: less expensive homes
- 77054, TX: less expensive homes
- 84009, UT: higher priced homes
- 43212, OH: higher priced homes
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