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Louisville/Jefferson County metro government (balance), KY

ZIP 40241 — 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 40241

Median Home Value
$349,200
Median Rent
$1,290
Affordability Snapshot
$96,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,243/mo PITI).

16%
Rent-to-Income Ratio

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

3.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

22.6 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 40241 in Louisville/Jefferson County metro government (balance), KY, a household would need roughly $96,000 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 $2,243. That is roughly in line with the local median household income ($95,775). 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
70.6%+8% vs US avg
x
Vacancy Rate
3.4%-67% vs US avg
x
Broadband Access
93.4%+7% vs US avg
x
4+ Bedrooms
7.4%-50% vs US avg
x
Built Pre-1939
0.0%-100% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
17.5%-65% vs US avg
x
Mortgage-Free
41.6%+9% vs US avg
x
$349,200
Home Value
$1,290
Rent
1994
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached58.4%
  • 1-unit attached9.3%
  • 2-9 units15.5%
  • 10+ units16.5%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$349,200
Median rent$1,290
Owner-occupied70.6%
Vacant3.4%
Price-to-income3.6x
Est. income to buy$96,000