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Berea city, KY

ZIP 40461 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40461

Median Home Value
$190,700
Median Rent
$616
Affordability Snapshot
$52,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,225/mo PITI).

11%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.8 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 40461 in Berea city, KY, 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 $1,225. That sits below the local median household income ($70,234), 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
79.1%+21% vs US avg
x
Vacancy Rate
8.1%-22% vs US avg
x
Broadband Access
90.9%+5% vs US avg
x
4+ Bedrooms
1.4%-90% vs US avg
x
Built Pre-1939
9.9%-23% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
6.5%-87% vs US avg
x
Mortgage-Free
63.6%+67% vs US avg
x
$190,700
Home Value
$616
Rent
1977
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached82.9%
  • 1-unit attached2.7%
  • 2-9 units2.5%
  • 10+ units0.0%
  • Mobile home & other11.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$190,700
Median rent$616
Owner-occupied79.1%
Vacant8.1%
Price-to-income2.7x
Est. income to buy$52,000