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Louisville/Jefferson County metro government (balance), KY

ZIP 40229 — 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 40229

Median Home Value
$197,300
Median Rent
$1,067
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,267/mo PITI).

16%
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.

15.4 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 40229 in Louisville/Jefferson County metro government (balance), KY, a household would need roughly $54,000 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 $1,267. That sits below the local median household income ($78,877), 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
73.5%+12% vs US avg
x
Vacancy Rate
3.0%-71% vs US avg
x
Broadband Access
94.6%+9% vs US avg
x
4+ Bedrooms
4.0%-73% vs US avg
x
Built Pre-1939
1.7%-86% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
15.3%-69% vs US avg
x
Mortgage-Free
29.4%-23% vs US avg
x
$197,300
Home Value
$1,067
Rent
1985
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 detached79.0%
  • 1-unit attached3.4%
  • 2-9 units8.6%
  • 10+ units6.3%
  • Mobile home & other2.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$197,300
Median rent$1,067
Owner-occupied73.5%
Vacant3.0%
Price-to-income2.5x
Est. income to buy$54,000