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These days, finding an affordable place to live in the 40508 area can be challenging. Home prices in 40508 are now at a median cost of $208,038, lower than the Kentucky average of $219,615.
The average cost of rent is $1,003/mo in 40508, primarily driven by the current value of real estate in the 40508 area. In 40508, 70.97% of households rent, and 46.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 40508 is $2,957 per month. Households that rent pay about 33.92% of their income on rent here. 40508’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 40507, KY: higher priced homes
- 40506, KY: higher priced homes
- 40526, KY: higher priced homes
- 40504, KY: equally priced homes
- 40502, KY: higher priced homes
- 40505, KY: equally priced homes
- 40511, KY: higher priced homes
- 40503, KY: higher priced homes
- 40517, KY: equally priced homes
- 40513, KY: higher priced homes
Zip Codes with Similar Populations
- 80303, CO: higher priced homes
- 43085, OH: higher priced homes
- 44139, OH: higher priced homes
- 02026, MA: higher priced homes
- 53222, WI: equally priced homes
- 64836, MO: less expensive homes
- 76006, TX: higher priced homes
- 76801, TX: less expensive homes
- 77504, TX: less expensive homes
- 77662, TX: less expensive homes
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