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Louisville/Jefferson County metro government (balance), KY

ZIP 40291 — 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 40291

Median Home Value
$264,700
Median Rent
$968
Affordability Snapshot
$73,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,700/mo PITI).

14%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

22.8 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 40291 in Louisville/Jefferson County metro government (balance), KY, a household would need roughly $73,000 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 $1,700. That sits below the local median household income ($81,576), 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
75.7%+16% vs US avg
x
Vacancy Rate
2.3%-78% vs US avg
x
Broadband Access
93.2%+7% vs US avg
x
4+ Bedrooms
6.5%-56% vs US avg
x
Built Pre-1939
1.1%-92% vs US avg
x
Built Post-2014
2.1%-69% vs US avg
x
Rent Burden >30%
17.1%-66% vs US avg
x
Mortgage-Free
30.7%-20% vs US avg
x
$264,700
Home Value
$968
Rent
1993
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 detached66.6%
  • 1-unit attached8.6%
  • 2-9 units14.9%
  • 10+ units7.7%
  • Mobile home & other2.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$264,700
Median rent$968
Owner-occupied75.7%
Vacant2.3%
Price-to-income3.2x
Est. income to buy$73,000