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Louisville/Jefferson County metro government (balance), KY

ZIP 40216 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40216

Median Home Value
$154,500
Median Rent
$738
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$992/mo PITI).

18%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

17.4 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 40216 in Louisville/Jefferson County metro government (balance), 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 $992. That sits below the local median household income ($50,211), 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
65.5%+0% vs US avg
x
Vacancy Rate
7.1%-31% vs US avg
x
Broadband Access
84.5%-3% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
5.6%-56% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
24.5%-51% vs US avg
x
Mortgage-Free
29.9%-22% vs US avg
x
$154,500
Home Value
$738
Rent
1963
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached73.0%
  • 1-unit attached0.4%
  • 2-9 units12.9%
  • 10+ units11.7%
  • Mobile home & other1.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$154,500
Median rent$738
Owner-occupied65.5%
Vacant7.1%
Price-to-income3.1x
Est. income to buy$43,000