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These days, finding an affordable place to live in the 40701 area can be challenging. Home prices in 40701 are now at a median cost of $162,502, lower than the Kentucky average of $219,615.
The average cost of rent is $744/mo in 40701, primarily driven by the current value of real estate in the 40701 area. In 40701, 33.10% of households rent, and 51.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 40701 is $4,560 per month. Households that rent pay about 16.32% of their income on rent here. 40701’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern 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
- 40737, KY: less expensive homes
- 40771, KY: less expensive homes
- 40740, KY: less expensive homes
- 40734, KY: equally priced homes
- 40744, KY: equally priced homes
- 40759, KY: less expensive homes
- 40743, KY: higher priced homes
- 40906, KY: less expensive homes
- 40949, KY: equally priced homes
- 40943, KY: less expensive homes
Zip Codes with Similar Populations
- 81504, CO: higher priced homes
- 45215, OH: higher priced homes
- 50310, IA: higher priced homes
- 01821, MA: higher priced homes
- 55129, MN: higher priced homes
- 67217, KS: less expensive homes
- 76016, TX: higher priced homes
- 77706, TX: higher priced homes
- 78259, TX: higher priced homes
- 54914, WI: higher priced homes
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