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Affordable
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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 $76,100, lower than the Kentucky average of $219,615.
The average cost of rent is $585/mo in 40816, primarily driven by the current value of real estate in the 40816 area. In 40816, 0.00% of households rent, and 82.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 40816 is $5,666 per month. Households that rent pay about 10.32% of their income on rent here. 40816’s most expensive areas are in the eastern 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
- 40858, KY: less expensive homes
- 41777, KY: less expensive homes
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- 40844, KY: equally priced homes
- 40810, KY: less expensive homes
- 40808, KY: less expensive homes
- 40840, KY: less expensive homes
- 40865, KY: equally priced homes
- 40874, KY: less expensive homes
- 41775, KY: equally priced homes
Zip Codes with Similar Populations
- 74360, OK: higher priced homes
- 60969, IL: higher priced homes
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- 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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