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ZIP 40602 — Housing & Real Estate

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

Working Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40602

Median Home Value
$99,400
Median Rent
$650
Affordability Snapshot
$27,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$639/mo PITI).

17%
Rent-to-Income Ratio

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

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.7 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 40602, a household would need roughly $27,000 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 $639. That sits below the local median household income ($47,009), 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

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
35.0%-46% vs US avg
x
Vacancy Rate
16.5%+61% vs US avg
x
Broadband Access
69.2%-20% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
3.5%-73% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
33.9%-32% vs US avg
x
Mortgage-Free
40.2%+5% vs US avg
x
$99,400
Home Value
$650
Rent
1963
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 detached55.8%
  • 1-unit attached11.3%
  • 2-9 units12.1%
  • 10+ units20.8%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$99,400
Median rent$650
Owner-occupied35.0%
Vacant16.5%
Price-to-income2.1x
Est. income to buy$27,000