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Louisville/Jefferson County metro government (balance), KY

ZIP 40214 — 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 40214

Median Home Value
$176,700
Median Rent
$799
Affordability Snapshot
$49,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,135/mo PITI).

18%
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.

18.4 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 40214 in Louisville/Jefferson County metro government (balance), KY, a household would need roughly $49,000 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 $1,135. That is roughly in line with the local median household income ($53,563). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
54.5%-17% vs US avg
x
Vacancy Rate
9.4%-8% vs US avg
x
Broadband Access
91.4%+5% vs US avg
x
4+ Bedrooms
2.0%-87% vs US avg
x
Built Pre-1939
12.6%-1% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
23.4%-53% vs US avg
x
Mortgage-Free
34.8%-9% vs US avg
x
$176,700
Home Value
$799
Rent
1964
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached56.5%
  • 1-unit attached4.6%
  • 2-9 units28.4%
  • 10+ units9.2%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$176,700
Median rent$799
Owner-occupied54.5%
Vacant9.4%
Price-to-income3.3x
Est. income to buy$49,000