40383, Versailles, KY

The 40383 zip code of Versailles, KY is located in the eastern part of the state and has a population of about 7,000. The median household income in this zip code is about $60,000, which is lower than the statewide median household income of $75,000. However, this zip code has a higher percentage of households that are below the poverty line (25%) than the statewide percentage (21%).

One reason why this zip code may have a higher percentage of poverty households is that it has a high percentage of single-parent households. In fact, nearly half (47%) of all households in this zip code are led by single mothers. This high percentage may be due to the fact that there are a lot of low-income families in this area who cannot afford to live anywhere else.

Another factor that may contribute to the high number of poverty households in this area is the high rate of unemployment. Nearly one-third (31%)of all adults in this zip code are unemployed, which is much higher than the statewide unemployment rate of 17%. This high rate of unemployment may make it difficult for people who are looking for jobs to find them and may lead them to become homeless or live on welfare.

Despite these challenges, there are some positive indicators associated with living in this zipcode. For example, there is a relatively low rate of crime compared to other areas in Kentucky. In fact, there were only six murders committed within the boundaries of this zipcode during 2016 – which was less than half (18 out)of all murders committed across Kentucky during that year! Additionally, property crimes such as burglary and theft tend to be lower here too – so residents can feel safe leaving their homes unsecured at night.

Overall then, while home equity and home prices within the 40383 zip code are not as high as they might be elsewhere in Kentucky or nationwide, they still represent an opportunity for those who can afford them – especially if they live in an area with low crime rates and few economic challenges.