40216, Louisville, KY

The 40216 zip code of Louisville, KY has a median home value of $163,000. This is higher than the national median home value of $127,500. The zip code also has a high percentage of homeowners with a mortgage (68%). This is higher than the national mortgage share of 62%.

One reason for the high percentage of homeowners with a mortgage in the 40216 zip code may be that there are many affluent residents in this area. The median household income in this zip code is $101,000, which is higher than the national median household income of $53,700. Additionally, there are many families who have multiple children and need to purchase larger homes to accommodate all their children's bedrooms.

Another factor that may contribute to the high percentage of homeowners with a mortgage in the 40216 zip code is that this area has been hit hard by the recession. Many people who lost their jobs during the recession have not been able to find new jobs and have had to stay on their mortgages longer than they would have liked.