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London city, KY

ZIP 40741 — 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 40741

Median Home Value
$155,600
Median Rent
$620
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,000/mo PITI).

12%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.9 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 40741 in London city, KY, a household would need roughly $43,000 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 $1,000. That sits below the local median household income ($60,417), 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
70.9%+8% vs US avg
x
Vacancy Rate
12.6%+22% vs US avg
x
Broadband Access
86.1%-1% vs US avg
x
4+ Bedrooms
4.1%-73% vs US avg
x
Built Pre-1939
1.9%-85% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
18.1%-64% vs US avg
x
Mortgage-Free
50.5%+32% vs US avg
x
$155,600
Home Value
$620
Rent
1991
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 detached62.3%
  • 1-unit attached0.1%
  • 2-9 units13.3%
  • 10+ units2.6%
  • Mobile home & other21.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$155,600
Median rent$620
Owner-occupied70.9%
Vacant12.6%
Price-to-income2.6x
Est. income to buy$43,000