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ZIP 40523
Housing & Real Estate

ZIP 40523 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40523

Median Home Value

$172,000

Median Rent

$837

Affordability Snapshot

$47,000

Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,105/mo PITI).

19%

Rent-to-Income Ratio

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

3.3x

Home Price-to-Income Ratio

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

17.1 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 40523, a household would need roughly $47,000 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 $1,105. That is roughly in line with the local median household income ($52,135). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel

Housing Metrics

Owner Occupied

46.2%-29% vs US avg

Vacancy Rate

7.4%-28% vs US avg

Broadband Access

94.7%+9% vs US avg

4+ Bedrooms

0.5%-96% vs US avg

Built Pre-1939

0.0%

Built Post-2014

1.1%-84% vs US avg

Rent Burden >30%

24.0%-52% vs US avg

Mortgage-Free

20.6%-46% vs US avg

$172,000

Home Value

$837

Rent

1974

Year Built

2018

Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

1-unit detached53.1%
1-unit attached4.9%
2-9 units22.8%
10+ units19.3%
Mobile home & other0.0%

ZIP 40523 — Housing & Real Estate

Housing & Real Estate in ZIP Code 40523

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