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ZIP 40588
Housing & Real Estate

ZIP 40588 — Housing & Real Estate

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

Low Income Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40588

Median Home Value

$293,500

Median Rent

$719

Affordability Snapshot

$81,000

Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,885/mo PITI).

32%

Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

11.0x

Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

34.0 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 40588, a household would need roughly $81,000 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 $1,885. That is about 204% above the local median household income ($26,665), 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

Diverse housing tenure.

Heating Fuel

Housing Metrics

Owner Occupied

16.7%-74% vs US avg

Vacancy Rate

6.5%-37% vs US avg

Broadband Access

69.9%-20% vs US avg

4+ Bedrooms

0.0%

Built Pre-1939

4.8%-62% vs US avg

Built Post-2014

0.0%

Rent Burden >30%

27.2%-45% vs US avg

Mortgage-Free

37.6%-1% vs US avg

$293,500

Home Value

$719

Rent

1972

Year Built

N/A

Moved In

Housing Structure

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

1-unit detached19.3%
1-unit attached0.9%
2-9 units21.3%
10+ units58.4%
Mobile home & other0.0%

ZIP 40588 — Housing & Real Estate

Housing & Real Estate in ZIP Code 40588

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