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Expensive
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These days, finding an affordable place to live in the 40940 area can be challenging. Home prices in 40940 are now at a median cost of $117,171, lower than the Kentucky average of $164,895.
The average cost of rent is $637/mo in 40940, primarily driven by the current value of real estate in the 40940 area. While nearly 55.42% of residents own their homes outright in 40940, 19.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in 40940 is $2,714 per month. Households that rent pay about 23.48% of their income on rent here. 40940's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 37851, TN: less expensive homes
- 37715, TN: less expensive homes
- 40763, KY: less expensive homes
- 37730, TN: less expensive homes
- 37729, TN: less expensive homes
- 40921, KY: less expensive homes
- 37762, TN: higher priced homes
- 40995, KY: less expensive homes
- 40965, KY: less expensive homes
- 40769, KY: less expensive homes
Zip Codes with Similar Populations
- 58487, ND: less expensive homes
- 72346, AR: higher priced homes
- 69217, NE: less expensive homes
- 66769, KS: less expensive homes
- 64722, MO: higher priced homes
- 61485, IL: less expensive homes
- 61042, IL: higher priced homes
- 60029, IL: higher priced homes
- 59934, MT: higher priced homes
- 59826, MT: higher priced homes
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