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These days, finding an affordable place to live in the 40816 area can be challenging. Home prices in 40816 are now at a median cost of $60,800, lower than the Kentucky average of $164,895.
The average cost of rent is $495/mo in 40816, primarily driven by the current value of real estate in the 40816 area. While nearly 81.42% of residents own their homes outright in 40816, 11.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in 40816 is $3,785 per month. Households that rent pay about 13.08% of their income on rent here. 40816's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 40858, KY: equally priced homes
- 41777, KY: higher priced homes
- 40803, KY: equally priced homes
- 40844, KY: equally priced homes
- 40810, KY: equally priced homes
- 40808, KY: equally priced homes
- 40840, KY: equally priced homes
- 40865, KY: higher priced homes
- 40874, KY: less expensive homes
- 41775, KY: higher priced homes
Zip Codes with Similar Populations
- 74360, OK: higher priced homes
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- 61236, IL: higher priced homes
- 61346, IL: higher priced homes
- 62070, IL: higher priced homes
- 64066, MO: higher priced homes
- 64781, MO: higher priced homes
- 65784, MO: higher priced homes
- 66728, KS: higher priced homes
- 67021, KS: higher priced homes
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