40045, Milton, KY

The 40045 zip code of Milton, KY has a median home value of $128,000 and a median home equity value of $92,500. This is significantly lower than the statewide median home value of $217,500 and the national median home equity value of $142,200. The 40045 zip code also has a significantly lower homeownership rate than both the statewide homeownership rate of 63.5% and the national homeownership rate of 68.2%.

One potential explanation for these low home values in the 40045 zip code may be that Milton is a suburb of Louisville. Louisville has been experiencing significant economic decline over the past several years, which could have negative impacts on Milton as well. Additionally, many homes in Milton are likely older and may not be in good condition. As such, it may be difficult for buyers to find suitable homes in this area and purchase them at reasonable prices.