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Berea city, KY

ZIP 40403 — 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 40403

Median Home Value
$180,800
Median Rent
$661
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,161/mo PITI).

13%
Rent-to-Income Ratio

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

3.0x
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 40403 in Berea city, KY, a household would need roughly $50,000 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 $1,161. That sits below the local median household income ($60,105), 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
70.2%+7% vs US avg
x
Vacancy Rate
7.9%-23% vs US avg
x
Broadband Access
89.1%+2% vs US avg
x
4+ Bedrooms
4.2%-71% vs US avg
x
Built Pre-1939
4.0%-69% vs US avg
x
Built Post-2014
2.3%-66% vs US avg
x
Rent Burden >30%
20.3%-59% vs US avg
x
Mortgage-Free
39.0%+2% vs US avg
x
$180,800
Home Value
$661
Rent
1992
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 detached70.8%
  • 1-unit attached1.8%
  • 2-9 units17.4%
  • 10+ units2.5%
  • Mobile home & other7.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$180,800
Median rent$661
Owner-occupied70.2%
Vacant7.9%
Price-to-income3.0x
Est. income to buy$50,000