US5.com
  1. Home
  2. States
  3. Kentucky
  4. ZIP 40204
  5. Housing & Real Estate
Louisville city, KY

ZIP 40204 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40204

Median Home Value
$314,700
Median Rent
$1,050
Affordability Snapshot
$87,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,022/mo PITI).

18%
Rent-to-Income Ratio

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

4.5x
Home Price-to-Income Ratio

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

25.0 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 40204 in Louisville city, KY, a household would need roughly $87,000 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 $2,022. That is about 23% above the local median household income ($70,706), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
51.4%-21% vs US avg
x
Vacancy Rate
12.3%+20% vs US avg
x
Broadband Access
94.5%+9% vs US avg
x
4+ Bedrooms
4.5%-70% vs US avg
x
Built Pre-1939
7.2%-44% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
18.5%-63% vs US avg
x
Mortgage-Free
32.6%-15% vs US avg
x
$314,700
Home Value
$1,050
Rent
1938
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached52.0%
  • 1-unit attached0.7%
  • 2-9 units32.3%
  • 10+ units14.9%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$314,700
Median rent$1,050
Owner-occupied51.4%
Vacant12.3%
Price-to-income4.5x
Est. income to buy$87,000