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Louisville city, KY

ZIP 40215 — 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 40215

Median Home Value
$106,500
Median Rent
$768
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$684/mo PITI).

22%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

11.6 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 40215 in Louisville city, KY, a household would need roughly $29,000 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 $684. That sits below the local median household income ($42,762), 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

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics

Historic housing stock (27% built before 1939)

Owner Occupied
42.2%-35% vs US avg
x
Vacancy Rate
13.0%+26% vs US avg
x
Broadband Access
86.0%-1% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
27.4%+114% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
19.2%-61% vs US avg
x
Mortgage-Free
33.6%-12% vs US avg
x
$106,500
Home Value
$768
Rent
1953
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached70.3%
  • 1-unit attached1.7%
  • 2-9 units18.3%
  • 10+ units8.9%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$106,500
Median rent$768
Owner-occupied42.2%
Vacant13.0%
Price-to-income2.5x
Est. income to buy$29,000