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Smithfield city, KY

ZIP 40068 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40068

Median Home Value
$291,000
Median Rent
$814
Affordability Snapshot
$80,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,869/mo PITI).

13%
Rent-to-Income Ratio

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

3.9x
Home Price-to-Income Ratio

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

29.8 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 40068 in Smithfield city, KY, a household would need roughly $80,000 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 $1,869. That is roughly in line with the local median household income ($75,179). 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
85.2%+30% vs US avg
x
Vacancy Rate
1.3%-87% vs US avg
x
Broadband Access
87.3%+0% vs US avg
x
4+ Bedrooms
9.2%-38% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
1.6%-77% vs US avg
x
Rent Burden >30%
17.0%-66% vs US avg
x
Mortgage-Free
33.9%-11% vs US avg
x
$291,000
Home Value
$814
Rent
1993
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached85.3%
  • 1-unit attached2.1%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other12.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$291,000
Median rent$814
Owner-occupied85.2%
Vacant1.3%
Price-to-income3.9x
Est. income to buy$80,000