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These days, finding an affordable place to live in the 40506 area can be challenging. Home prices in 40506 are now at a median cost of $293,454, higher than the Kentucky average of $219,615.
The average cost of rent is $1,384/mo in 40506, primarily driven by the current value of real estate in the 40506 area. In 40506, 98.93% of households rent, and 32.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 40506 is $1,581 per month. Households that rent pay about 87.54% of their income on rent here. 40506’s most expensive areas are in the eastern 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
- 40526, KY: equally priced homes
- 40508, KY: less expensive homes
- 40507, KY: higher priced homes
- 40502, KY: higher priced homes
- 40504, KY: less expensive homes
- 40503, KY: equally priced homes
- 40505, KY: less expensive homes
- 40517, KY: less expensive homes
- 40513, KY: higher priced homes
- 40511, KY: equally priced homes
Zip Codes with Similar Populations
- 02826, RI: higher priced homes
- 03586, NH: higher priced homes
- 03595, NH: equally priced homes
- 19936, DE: equally priced homes
- 65347, MO: less expensive homes
- 68935, NE: less expensive homes
- 65609, MO: less expensive homes
- 65634, MO: less expensive homes
- 65720, MO: less expensive homes
- 66953, KS: less expensive homes
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