US5.com
  1. Home
  2. States
  3. Kentucky
  4. ZIP 40031
  5. Housing & Real Estate
La Grange city, KY

ZIP 40031 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40031

Median Home Value
$316,300
Median Rent
$896
Affordability Snapshot
$87,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,032/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

29.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 40031 in La Grange city, KY, a household would need roughly $87,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,032. That sits below the local median household income ($96,682), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
81.8%+25% vs US avg
x
Vacancy Rate
4.3%-58% vs US avg
x
Broadband Access
92.8%+7% vs US avg
x
4+ Bedrooms
6.7%-55% vs US avg
x
Built Pre-1939
2.3%-82% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
16.7%-66% vs US avg
x
Mortgage-Free
33.9%-11% vs US avg
x
$316,300
Home Value
$896
Rent
1994
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached81.1%
  • 1-unit attached3.9%
  • 2-9 units7.6%
  • 10+ units4.2%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$316,300
Median rent$896
Owner-occupied81.8%
Vacant4.3%
Price-to-income3.3x
Est. income to buy$87,000