US5.com
  1. Home
  2. States
  3. Kentucky
  4. ZIP 40228
  5. Housing & Real Estate
Louisville/Jefferson County metro government (balance), KY

ZIP 40228 — 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 40228

Median Home Value
$220,200
Median Rent
$1,147
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,415/mo PITI).

18%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.0 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 40228 in Louisville/Jefferson County metro government (balance), KY, a household would need roughly $61,000 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 $1,415. That sits below the local median household income ($75,762), 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

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

Heating Fuel
Housing Metrics
Owner Occupied
79.8%+22% vs US avg
x
Vacancy Rate
3.8%-63% vs US avg
x
Broadband Access
91.5%+5% vs US avg
x
4+ Bedrooms
3.0%-79% vs US avg
x
Built Pre-1939
0.3%-98% vs US avg
x
Built Post-2014
2.4%-66% vs US avg
x
Rent Burden >30%
4.4%-91% vs US avg
x
Mortgage-Free
31.1%-18% vs US avg
x
$220,200
Home Value
$1,147
Rent
1990
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached74.0%
  • 1-unit attached11.1%
  • 2-9 units9.9%
  • 10+ units4.7%
  • Mobile home & other0.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$220,200
Median rent$1,147
Owner-occupied79.8%
Vacant3.8%
Price-to-income2.9x
Est. income to buy$61,000