40862, Partridge, KY

The 40862 zip code of Partridge, KY has a median home value of $134,900 and a median home equity value of $128,000. The zip code is made up of mostly single-family homes and the majority are owner-occupied. The average age of the homes in the zip code is around 38 years old. There is a high concentration of families in this area with children under 18 living at home. This may be due to the lower cost of living or because there are not many good schools in this area.

The average monthly mortgage payment for someone who lives in the 40862 zip code is $1,569 which is higher than the national average but lower than most other parts of Kentucky. The percentage of people who own their homes outright is high at 82% while only 8% owe more than their home's worth. There are also a lot of people who have HELOCs (home equity lines of credit) which gives them some breathing room if they need it but also allows them to borrow against their home's value without having to sell it first.

Overall, homeownership rates are high in this area and there seems to be plenty of liquidity available for mortgages if someone needs it. While prices have increased over time, they remain relatively affordable when compared to other parts of Kentucky or other areas across the country that have seen similar growth rates over recent years.