40390, Wilmore, KY

Wilmore, Kentucky is located in the 40390 zip code. The median home value in this zip code is $128,000. Home equity in this zip code has increased by over 25% since 2007. This increase can be attributed to a number of factors including an increase in home prices, low interest rates, and strong job growth.

Home prices have increased significantly since 2007 due to a number of factors including an increase in home values, low interest rates, and strong job growth. In 2007, the median home value was $97,000. By 2016 the median home value had increased to $128,000. This represents an increase of over 25%.

One reason for the increase in Wilmore home values is that there has been an increase in the number of homes available for sale as well as an increase in the average price per square foot for homes sold. There are currently around 1,800 homes for sale within this zip code which is more than double the amount of homes available at this time five years ago. Additionally, there has been a significant uptick in prices per square foot which has helped to drive up overall prices. In 2007 the average price per square foot was $92 which had increased to $127 by 2016 – representing a gain of over 33%.

While there are many reasons why Wilmore home values have increased so much over the past few years it is important to keep in mind that not all areas within this zip code have seen such dramatic increases. While some neighborhoods within Wilmore have seen increases of over 50%, other neighborhoods within this zip code have seen smaller gains or even declines during this same time period. It is important for buyers and sellers alike to do their research when looking into purchasing or selling a property within Wilmore as each neighborhood can vary significantly with regards to prices and availability