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Manchester city, KY

ZIP 40962 — 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 40962

Median Home Value
$95,100
Median Rent
$478
Affordability Snapshot
$26,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$611/mo PITI).

14%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.6 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 40962 in Manchester city, KY, a household would need roughly $26,000 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 $611. That sits below the local median household income ($39,694), 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 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.5%+20% vs US avg
x
Vacancy Rate
15.4%+49% vs US avg
x
Broadband Access
82.3%-5% vs US avg
x
4+ Bedrooms
2.9%-81% vs US avg
x
Built Pre-1939
2.1%-84% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
29.1%-41% vs US avg
x
Mortgage-Free
66.9%+75% vs US avg
x
$95,100
Home Value
$478
Rent
1988
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached67.2%
  • 1-unit attached0.4%
  • 2-9 units5.0%
  • 10+ units1.4%
  • Mobile home & other26.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$95,100
Median rent$478
Owner-occupied78.5%
Vacant15.4%
Price-to-income2.4x
Est. income to buy$26,000