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These days, finding an affordable place to live in the 40216 area can be challenging. Home prices in 40216 are now at a median cost of $172,478, lower than the Kentucky average of $219,615.
The average cost of rent is $1,030/mo in 40216, primarily driven by the current value of real estate in the 40216 area. In 40216, 33.37% of households rent, and 29.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 40216 is $4,749 per month. Households that rent pay about 21.68% of their income on rent here. 40216’s most expensive areas are in the southern 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
- 40215, KY: less expensive homes
- 40214, KY: higher priced homes
- 40258, KY: higher priced homes
- 40210, KY: less expensive homes
- 40209, KY: less expensive homes
- 40211, KY: less expensive homes
- 40208, KY: higher priced homes
- 40217, KY: higher priced homes
- 40203, KY: higher priced homes
- 40212, KY: less expensive homes
Zip Codes with Similar Populations
- 00959, PR: less expensive homes
- 20706, MD: higher priced homes
- 94010, CA: higher priced homes
- 21044, MD: higher priced homes
- 21220, MD: higher priced homes
- 14075, NY: higher priced homes
- 12601, NY: higher priced homes
- 12065, NY: higher priced homes
- 11367, NY: higher priced homes
- 30319, GA: higher priced homes
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