Interested in purchasing investment houses in the 40403 zip code in Berea, KY?
The zip code 40403 is in both Madison and Garrard counties with a latitude of -84.271200000000 and longitude of 37.569450000000, is in the state of Kentucky. The average asking price of houses and condos is $130,597.00 and the average sale price was $125,185.00. this regions is classified as the Lexington metro area and is in the 859 area code. The location in degrees is 37° 34' 10.02" N, 84° 16' 16.32" W. The county F.I.P.S. is 21151. This zip code contains two cities including Berea, KY (13.43%), and Richmond, KY (1.45%) The total land area is 114.3 square miles and the water area is 0.6 square miles. The elevation in this area is 846 - 1391 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 40403 is in county number 109 and is L. Sector 96, L. Segment 65, H. Sector 65, and H. Segment 65. The population was 24,512 in 2019 and 23,774 in 2010. Of this, the break down in 2019 was 13,393 urban and 11,118 rural. This further breaks down to 12,075 males (49.3%) and 12,437 females (50.7%). The median age of residents is 37.5 years. The population of the greater Richmond-Berea, KY area is 100,706. The population density (people per square mile) is 215. This zip code has a combined total of 10,360 houses and condos. There are 3,001 rented appartments. 32% of residents rent versus the 32% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $43,768 and the average salary is $39,440. The median household income of individuals is $40,692.00 and the average is $49,530.00. This zip code has a mean commute time to work of 25.5 minutes. The unemployment rate is 4.3%. Income earners by percent breakdown as 62.20% (Under $50,000), 28.00% ($50,000-$100,000), and 9.80% earn over $100,000. 15.2% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 81.8. The educational breakdown is 85.8% have a high school education or higher, 26.7% have a bachelor's degree or higher, and 10.0% have some kind of profesional degree.
This area has 9,147 households and the average size is 2.6 people. Individuals who are single and have never been married are 26.8%, 52.0% are now married, 1.7% are separated, 5.2% are widowed, and 14.3% are divorced. The average yearly contribution amount given by people to charity was $3,726 versus the state average of $4,303. The percent of residents who gave to charity was 19.6%.
The estimated median value of houses and condos is $153,367. The median monthly owner costs of mortgage holders was $1,097, where as the costs for those who don't have a mortgage are $348. The median number of rooms in houses and condos are 6.4 versus apartments which had a median number of 4.6.
The real estate tax percent rate is 0.8% which equated to an average real estate tax amount payment of $1,223. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,257. The median housing property tax percent for residents with mortgages was 0.8% which amounted to an average tax amount of $1,347. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $806. Reported taxable interest for persons was $996, dividends $3,191, capital gains +$5,526, and itemized deductions $18,202. The average earned income tax credit is $2,332. The percent of individuals that use a tax preparer is 59.5%. The total average income taxes paid by individuals was $6,643. Businesses reported an average profit of $6,467.
KY Mountain Deli
688 Scaffold Cane Rd, Berea, KY 40403
Wanpen Thai & Chinese Restaurant
103 Brenwood St, Berea, KY 40403
Noodle Nirvana
315 Chestnut St, Berea, KY 40403
Yamato
103 Brenwood St, Berea, KY 40403
Hitz BBQ
1030 Cooper Dr, Berea, KY 40403
Papaleno's Restaurant
108 Center St, Berea, KY 40403
Smokehouse Grill
359 Peggy Flat Rd, Berea, KY 40403
Dinner Bell Restaurant
127 Plaza Dr, Berea, KY 40403
Native Bagel Company
436 Chestnut St, Berea, KY 40403
Mariachis Mexican Restaurant
780 Chestnut St, Berea, KY 40403
Casa Amigos
400 Paint Lick Rd, Berea, KY 40403
Lee's Famous Recipe Chicken
339 Paint Lick Rd, Berea, KY 40403
Hong Kong Restaurant
265 Prince Royal Dr, Berea, KY 40403
Sweet Betty's Restaurant
201 Prince Royal Dr, Berea, KY 40403
Village Trough
216 Adams St, Berea, KY 40403
Gondolier Italian
120 Jill Dr, Berea, KY 40403
Sara's Kitchen
400 Paint Lick Rd, Berea, KY 40403
Old Town Grill
1030 Cooper Dr, Berea, KY 40403
Cowboys & Angels
10836 N Wilderness Rd, Berea, KY 40403
Berea College Farm Store
311 Main St N, Berea, KY 40403
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