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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 $101,443, lower than the Kentucky average of $219,615.
The average cost of rent is $610/mo in 40316, primarily driven by the current value of real estate in the 40316 area. In 40316, 26.42% of households rent, and 54.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 40316 is $2,495 per month. Households that rent pay about 24.45% of their income on rent here. 40316’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central 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
- 40387, KY: higher priced homes
- 40322, KY: higher priced homes
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- 40334, KY: higher priced homes
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- 40380, KY: higher priced homes
- 40337, KY: higher priced homes
Zip Codes with Similar Populations
- 28077, NC: higher priced homes
- 44671, OH: higher priced homes
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- 38736, MS: equally priced homes
- 34250, FL: higher priced homes
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- 31720, GA: higher priced homes
- 29923, SC: higher priced homes
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