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ZIP 40233 — Housing & Real Estate

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

Middle Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40233

Median Home Value
$190,300
Median Rent
$827
Affordability Snapshot
$52,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,222/mo PITI).

16%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

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

19.2 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 40233, a household would need roughly $52,000 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 $1,222. That sits below the local median household income ($62,750), 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
63.5%-3% vs US avg
x
Vacancy Rate
5.5%-46% vs US avg
x
Broadband Access
91.5%+5% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
4.8%-63% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
8.6%-83% vs US avg
x
Mortgage-Free
41.2%+8% vs US avg
x
$190,300
Home Value
$827
Rent
1968
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 detached75.4%
  • 1-unit attached1.4%
  • 2-9 units4.8%
  • 10+ units8.8%
  • Mobile home & other9.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$190,300
Median rent$827
Owner-occupied63.5%
Vacant5.5%
Price-to-income3.0x
Est. income to buy$52,000