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Millersburg city, KY

ZIP 40348 — 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 40348

Median Home Value
$127,400
Median Rent
$430
Affordability Snapshot
$35,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$818/mo PITI).

12%
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.

24.7 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 40348 in Millersburg city, KY, a household would need roughly $35,000 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 $818. That sits below the local median household income ($43,571), 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
Owner Occupied
40.9%-37% vs US avg
x
Vacancy Rate
13.2%+29% vs US avg
x
Broadband Access
58.8%-32% vs US avg
x
4+ Bedrooms
0.6%-96% vs US avg
x
Built Pre-1939
3.4%-74% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
40.1%-19% vs US avg
x
Mortgage-Free
34.1%-11% vs US avg
x
$127,400
Home Value
$430
Rent
1938
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached67.0%
  • 1-unit attached1.7%
  • 2-9 units28.7%
  • 10+ units0.0%
  • Mobile home & other2.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$127,400
Median rent$430
Owner-occupied40.9%
Vacant13.2%
Price-to-income2.9x
Est. income to buy$35,000