This page looks at a variety of ZIP code 40958 Kentucky housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. 40958 depicts it has a Housing Units of 178 which is the second smallest when ranked by housing units of all the other zip codes in the greater region.
Figure 2 illustrates the housing density in the ZIP code 40958 housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) ZIP code 40958 shows it has a Housing Density of 25.4 which is the second most of all the zip codes in the metro area. The zip code with the highest housing density in the area is 40845 which shows a density of 29.7 (17.1% larger). Comparing housing density to the United States average of 38.9, ZIP code 40958 is approximately three-fourths the size. Also, compared with the state of Kentucky, housing density of 50.4, ZIP code 40958 is approximately half the size.
In Figure 4, ZIP code 40958 area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. ZIP code 40958 depicts it has a Housing Unit Change of -11.9% which is the smallest as measured by change in the housing units of all the other zip codes in the surrounding region. The zip code with the highest change in the housing units in the area is 40997 which shows a housing units of 35.2% (approximately 3.0 times bigger). Comparing change in the housing units to the United States average of 5.7%, ZIP code 40958 is about twice as large. Also, measured against the state of Kentucky, change in the housing units of 2.9%, ZIP code 40958 is approximately 4.0 times bigger.
Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) ZIP code 40958 depicts it has a Renter Percent of 16.5% which is in the mid range of other zip codes in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 83.5% which is in the middle range of other zip codes in the greater region.
Looking at the housing data provided in Figure 7, the average ZIP code 40958 home price is illustrated for this community and a useful analysis of affordable housing. 40958 depicts it has a Median Home Value of $37,500 which is less than most other zip codes in the local area. The zip code with the highest median home price in the area is 40988 which shows a home price of $63,700 (69.9% larger).
Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. ZIP code 40958 has one of the largest proportions of home price worth between $50,000 to $100,000 at 17% of the total and is ranked #3. Only #2 40902 (18%), and #1 40988 (32%) are larger.
Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. ZIP code 40958 shows it has a Median Owner Cost of $264 which is in the center range of other zip codes in the metropolitan area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the ZIP code 40958 metro area. it has a Owner Cost as % of HH Income of 9% which is the smallest in order of cost as a percent of household income of all the other zip codes in the local area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. ZIP code 40958 shows it has a Median Home Value as Percent of Median Earnings of 105% which is less than most other zip codes in the greater region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $271 which is the second most median housing cost of all the zip codes in the greater ZIP code 40958 region.
Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. ZIP code 40958 has one of the largest proportions of owner cost less than $300 at 45% of the total and is ranked #2. The only larger zip code being 40997 with 68%. Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. ZIP code 40958 depicts it has a % of Income Owner Costs-No Mortgage of 9% which is the second smallest as measured by cost as a percent of household income of all the other zip codes in the area. The zip code with the highest cost as a percent of household income in the area is 40997 which depicts a cost as a percent of household income of 27% (approximately 3.0 times bigger).
Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) ZIP code 40958 has the largest proportion of rent as a percent of income is less than 10 pct at 80% of the total and is ranked #1.
Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $361 which is the third most median real estate taxes paid of all other zip codes in the greater ZIP code 40958 region. The zip code with the highest median real estate taxes paid in the area is 40856 which shows a taxes paid of $442 (22.4% larger). Comparing median real estate taxes paid to the United States average of $2,471, ZIP code 40958 is approximately a sixth the size. Also, measured against the state of Kentucky, median real estate taxes paid of $1,210, ZIP code 40958 is approximately a third the size.
The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. 40958 has the percentage of both 2nd mortgage and heloc the second smallest in terms of with mortgage of all the other zip codes in the local area at 12% of the total. Second, it has one of the largest proportions of no 2nd mortgage and no heloc at 88% of the total and is ranked #2. The only larger zip code being 40997 with 100%.
Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. ZIP code 40958 has one of the largest proportions of houses with mortgages at 88% of the total and is ranked #2. The only larger zip code being 40997 with 100%.
Figure 28 shows the household size for families living in the area and it has a Family size of 2.4 which is the smallest when sorted by family members per housing unit of all the other zip codes in the local area. The zip code with the highest family members per housing unit in the area is 40856 which depicts a family members per housing unit of 3.5 (42.1% larger). Comparing family members per housing unit to the United States average of 3.3, ZIP code 40958 is approximately three-fourths the size. Also, compared with the state of Kentucky, family members per housing unit of 3.1, ZIP code 40958 is approximately three-fourths the size.
Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 4.7 which is the second smallest as measured by average number of rooms in a house of all the other zip codes in the local area. The zip code with the highest average number of rooms in a house in the area is 40856 which shows an average number of rooms in a house of 6.0 (27.7% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1973 which is the second smallest as measured by year built of all the other zip codes in the greater region. The zip code with the highest year built in the area is 40939 which depicts a year built of 2000 ( only slightly larger).
Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2000 to 2009 the second smallest when sorted by homes built in 2014 or later of all the other zip codes in the metropolitan area at 8% of the total. Second, it has the largest proportion of homes built between 1980 to 1989 at 46% of the total and is ranked #1. Third, it has the largest proportion of homes built between 1940 to 1949 at 21% of the total and is ranked #1.
Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units the second smallest when ranked by owner-occupied housing units of all the other zip codes in the metro area at 15 of the total.
Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the percentage of 50 or more units less than most other zip codes in the metro area at 32% of the total.
Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 49% of the total and is ranked #1.
The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for ZIP code 40958 residents. it has a Owner-Household Size of 2.0 which is the second smallest in order of homeowner household size of all the other zip codes in the greater region. The zip code with the highest homeowner household size in the area is 40856 which shows a homeowner household size of 2.8 (41.8% larger).
Figure 37 shows the household size for renters. ZIP code 40958 shows it has a Renter-Household Size of 1.4 which is less than most other zip codes in the local area. The zip code with the highest renter household size in the area is 40902 which shows a renter household sizes of 3.8 (approximately 2.7 times bigger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2010 to 2014 the second smallest in order of owners moved in 2017 or later of all the other zip codes in the local area at 13% of the total. Second, it has the largest proportion of owners moved in 1990 to 1999 at 68% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. ZIP code 40958 has one of the largest proportions of renters moved in 2017 or later at 57% of the total and is ranked #3. Only #2 40988 (60%), and #1 40997 (68%) are larger. Second, it has one of the largest proportions of renters moved in 2000 to 2009 at 43% of the total and is ranked #2. The only larger zip code being 40856 with 74%.
Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 1989 which is the second smallest when sorted by median year that a home owner moved in of all the other zip codes in the local area.
Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas the second smallest when sorted by homes using natural gas of all the other zip codes in the metropolitan area at 57% of the total. Second, it has the largest proportion of homes using kerosene or other fuel oils at 20% of the total and is ranked #1. Third, it has one of the largest proportions of homes using coal or coke at 23% of the total and is ranked #2. The only larger zip code being 40939 with 28%.
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