Interested in purchasing investment houses in the 40242 zip code in Louisville, KY?
The zip code 40242 is in Jefferson county with a latitude of -85.590690000000 and longitude of 38.277350000000, is in the state of Kentucky. The average asking price of houses and condos is $182,191.00 and the average sale price was $152,842.00. this regions is classified as the Louisville metro area and is in the 502 area code. The location in degrees is 38° 16' 38.46" N, 85° 35' 26.484" W. The county F.I.P.S. is 21111. This zip code contains thirteen cities including Lyndon, KY (42.73%), Plantation, KY (7.54%), Rolling Hills, KY (7.07%), Meadow Vale, KY (5.78%), Langdon Place, KY (5.02%), Old Brownsboro Place, KY (4.96%), Barbourmeade, KY (3.61%), Briarwood, KY (3.56%), Bancroft, KY (2.85%), Goose Creek, KY (2.29%), Murray Hill, KY (1.74%), Moorland, KY (0.66%), and Bellemeade, KY (0.04%) The total land area is 2.7 square miles and the water area is 0.0 square miles. The elevation in this area is 630 - 673 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 40242 is in county number 111 and is L. Sector 22, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 11,193 in 2019 and 10,930 in 2010. This further breaks down to 5,233 males (46.7%) and 5,960 females (53.3%). The median age of residents is 38.2 years. The population of the greater Louisville-Jefferson County, KY-IN area is 1,273,611. The population density (people per square mile) is 4,196. This zip code has a combined total of 4,870 houses and condos. There are 1,430 rented appartments. 31% of residents rent versus the 31% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $58,989 and the average salary is $50,091. The median household income of individuals is $69,360.00 and the average is $68,110.00. This zip code has a mean commute time to work of 21.2 minutes. The unemployment rate is 3.1%. Income earners by percent breakdown as 34.30% (Under $50,000), 35.80% ($50,000-$100,000), and 29.90% earn over $100,000. 7.7% of residents live below poverty line versus the 16.3% in the state that are below this line. The cost of living index is 89.5. The educational breakdown is 94.6% have a high school education or higher, 48.5% have a bachelor's degree or higher, and 19.5% have some kind of profesional degree.
This area has 4,665 households and the average size is 2.4 people. Individuals who are single and have never been married are 31.2%, 52.5% are now married, 0.6% are separated, 5.1% are widowed, and 10.7% are divorced. The average yearly contribution amount given by people to charity was $3,799 versus the state average of $4,303. The percent of residents who gave to charity was 36.8%.
The estimated median value of houses and condos is $230,659. The median monthly owner costs of mortgage holders was $1,440, where as the costs for those who don't have a mortgage are $524. The median number of rooms in houses and condos are 7.4 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $2,015. 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 0.9% which amounted to an average tax amount of $2,102. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.8% which amounted to an average tax amount of $1,892. Reported taxable interest for persons was $1,328, dividends $5,108, capital gains +$4,853, and itemized deductions $19,829. The average earned income tax credit is $1,843. The percent of individuals that use a tax preparer is 46.2%. The total average income taxes paid by individuals was $8,266. Businesses reported an average profit of $12,213.
Corner Cafe
9307 New La Grange Rd, Louisville, KY 40242
Steak & Bourbon
1321 Herr Ln Ste 130, Louisville, KY 40222 (1.8 miles away)
Stoney River
3900 Summit Plaza Dr, Louisville, KY 40241 (1.9 miles away)
Ninka Japanese
2809 N Hurstbourne Pkwy, Louisville, KY 40223 (2.2 miles away)
Fuji Japanese Steak House
12905 Shelbyville Rd, Louisville, KY 40243 (4.1 miles away)
Drakes
3939 Shelbyville Rd, Louisville, KY 40207 (4.1 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
