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Louisville/Jefferson County metro government (balance), KY

ZIP 40218 — 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 40218

Median Home Value
$195,600
Median Rent
$880
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,256/mo PITI).

19%
Rent-to-Income Ratio

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

3.5x
Home Price-to-Income Ratio

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

18.5 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 40218 in Louisville/Jefferson County metro government (balance), KY, a household would need roughly $54,000 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 $1,256. That is roughly in line with the local median household income ($56,191). 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
51.2%-22% vs US avg
x
Vacancy Rate
6.2%-40% vs US avg
x
Broadband Access
89.5%+3% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
4.1%-68% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
19.6%-61% vs US avg
x
Mortgage-Free
27.8%-27% vs US avg
x
$195,600
Home Value
$880
Rent
1969
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached56.8%
  • 1-unit attached1.4%
  • 2-9 units26.8%
  • 10+ units13.3%
  • Mobile home & other1.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$195,600
Median rent$880
Owner-occupied51.2%
Vacant6.2%
Price-to-income3.5x
Est. income to buy$54,000