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Louisville/Jefferson County metro government (balance), KY

ZIP 40118 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40118

Median Home Value
$140,900
Median Rent
$830
Affordability Snapshot
$39,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$905/mo PITI).

19%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.1 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 40118 in Louisville/Jefferson County metro government (balance), KY, a household would need roughly $39,000 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 $905. That sits below the local median household income ($52,257), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
67.0%+2% vs US avg
x
Vacancy Rate
8.8%-14% vs US avg
x
Broadband Access
79.0%-9% vs US avg
x
4+ Bedrooms
2.9%-81% vs US avg
x
Built Pre-1939
8.4%-35% vs US avg
x
Built Post-2014
2.2%-69% vs US avg
x
Rent Burden >30%
10.6%-79% vs US avg
x
Mortgage-Free
49.6%+30% vs US avg
x
$140,900
Home Value
$830
Rent
1969
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached66.3%
  • 1-unit attached2.5%
  • 2-9 units11.5%
  • 10+ units6.2%
  • Mobile home & other13.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$140,900
Median rent$830
Owner-occupied67.0%
Vacant8.8%
Price-to-income2.7x
Est. income to buy$39,000