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ZIP Code 40216

Learn about the people, housing, costs and businesses in 40216

Median Home$167,464
Median Rent$1,025/month
Population37,513
Leading IndustriesInformation & Media · Finance & Insurance · Retail13% information & media
Home Value Growth⬆⬆+18.5% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners67% of occupied units
ZIP Code
40216

Frequently Asked Questions

What are today's mortgage rates in ZIP code 40216?

As of today, the 30-year fixed mortgage rate for ZIP code 40216 is approximately 7.037% (7.081% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 40216
What is the median home price in ZIP code 40216?

The median home value in ZIP code 40216 is $167k. The median monthly rent is $1,025. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 40216?

Home values in ZIP code 40216 have increased 18.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 40216?

Based on a typical all-in ownership cost of $1,010/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 40216 is $53k/year.

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What industries drive the economy in ZIP code 40216?

The largest employment sectors in ZIP code 40216 are public administration (25%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

Nearby Areas

Other ZIP codes in LOUISVILLE