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Paris city, KY

ZIP 40361 — 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 40361

Median Home Value
$216,700
Median Rent
$582
Affordability Snapshot
$60,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,392/mo PITI).

12%
Rent-to-Income Ratio

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

3.8x
Home Price-to-Income Ratio

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

31.0 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 40361 in Paris city, KY, a household would need roughly $60,000 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 $1,392. That is roughly in line with the local median household income ($57,074). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
65.2%-0% vs US avg
x
Vacancy Rate
10.9%+6% vs US avg
x
Broadband Access
85.8%-1% vs US avg
x
4+ Bedrooms
5.7%-61% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
23.4%-53% vs US avg
x
Mortgage-Free
38.2%+0% vs US avg
x
$216,700
Home Value
$582
Rent
1979
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 detached72.9%
  • 1-unit attached3.5%
  • 2-9 units16.2%
  • 10+ units1.3%
  • Mobile home & other6.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$216,700
Median rent$582
Owner-occupied65.2%
Vacant10.9%
Price-to-income3.8x
Est. income to buy$60,000