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These days, finding an affordable place to live in the 40316 area can be challenging. Home prices in 40316 are now at a median cost of $91,089, lower than the Kentucky average of $164,895.
The average cost of rent is $534/mo in 40316, primarily driven by the current value of real estate in the 40316 area. While nearly 56.53% of residents own their homes outright in 40316, 26.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in 40316 is $3,631 per month. Households that rent pay about 14.71% of their income on rent here. 40316's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
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- 40358, KY: equally priced homes
- 40334, KY: higher priced homes
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- 40380, KY: higher priced homes
- 40337, KY: equally priced homes
Zip Codes with Similar Populations
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- 31720, GA: higher priced homes
- 29923, SC: less expensive homes
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