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These days, finding an affordable place to live in the 40831 area can be challenging. Home prices in 40831 are now at a median cost of $100,767, lower than the Kentucky average of $219,615.
The average cost of rent is $619/mo in 40831, primarily driven by the current value of real estate in the 40831 area. In 40831, 39.95% of households rent, and 49.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 40831 is $3,475 per month. Households that rent pay about 17.81% of their income on rent here. 40831’s most expensive areas are in the central regions, while the cheapest areas are in the southern 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
- 40829, KY: equally priced homes
- 40854, KY: less expensive homes
- 40964, KY: less expensive homes
- 40806, KY: equally priced homes
- 40818, KY: less expensive homes
- 40824, KY: less expensive homes
- 40830, KY: less expensive homes
- 40873, KY: less expensive homes
- 40801, KY: less expensive homes
- 40815, KY: less expensive homes
Zip Codes with Similar Populations
- 16947, PA: higher priced homes
- 24279, VA: equally priced homes
- 23124, VA: higher priced homes
- 23030, VA: higher priced homes
- 22844, VA: higher priced homes
- 22642, VA: higher priced homes
- 18419, PA: higher priced homes
- 18326, PA: higher priced homes
- 17752, PA: higher priced homes
- 17529, PA: higher priced homes
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