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Louisville city, KY

ZIP 40202 — Housing & Real Estate

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

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Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40202

Median Home Value
$340,000
Median Rent
$700
Affordability Snapshot
$94,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,184/mo PITI).

29%
Rent-to-Income Ratio

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

11.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

40.5 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 40202 in Louisville city, KY, a household would need roughly $94,000 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 $2,184. That is about 220% above the local median household income ($29,382), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 23% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
8.2%-87% vs US avg
x
Vacancy Rate
22.6%+120% vs US avg
x
Broadband Access
77.8%-11% vs US avg
x
4+ Bedrooms
0.5%-96% vs US avg
x
Built Pre-1939
9.4%-26% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
6.0%-88% vs US avg
x
Mortgage-Free
54.8%+43% vs US avg
x
$340,000
Home Value
$700
Rent
1965
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 detached1.5%
  • 1-unit attached2.2%
  • 2-9 units11.8%
  • 10+ units84.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$340,000
Median rent$700
Owner-occupied8.2%
Vacant22.6%
Price-to-income11.6x
Est. income to buy$94,000