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These days, finding an affordable place to live in the 40207 area can be challenging. Home prices in 40207 are now at a median cost of $437,062, higher than the Kentucky average of $219,615.
The average cost of rent is $1,421/mo in 40207, primarily driven by the current value of real estate in the 40207 area. In 40207, 31.01% of households rent, and 42.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 40207 is $9,520 per month. Households that rent pay about 14.93% of their income on rent here. 40207’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern 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
- 40222, KY: equally priced homes
- 40206, KY: less expensive homes
- 40205, KY: less expensive homes
- 40025, KY: higher priced homes
- 40220, KY: less expensive homes
- 40242, KY: less expensive homes
- 40204, KY: less expensive homes
- 40218, KY: less expensive homes
- 40223, KY: less expensive homes
Zip Codes with Similar Populations
- 02131, MA: higher priced homes
- 06051, CT: less expensive homes
- 07206, NJ: equally priced homes
- 11232, NY: higher priced homes
- 37931, TN: less expensive homes
- 93618, CA: less expensive homes
- 68135, NE: less expensive homes
- 70094, LA: less expensive homes
- 70461, LA: less expensive homes
- 72601, AR: less expensive homes
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