41815, Ermine, KY

The 41815 zip code of Ermine, KY has a median home value of $119,500. This is lower than the Kentucky median home value of $130,000. The 41815 zip code also has a lower than average percentage of homeownership at just 61%. This is likely due to the high rates of unemployment and poverty in this area.

Despite these challenges, there are still many homeowners in the 41815 zip code who are benefiting from rising home prices. In fact, over the past year, the average home value in this area has increased by 7%. This is likely due to strong demand and limited supply in this particular area.

While there are some homeowners who are seeing positive gains on their homes equity, there are also many families who are struggling to make ends meet. In fact, over half (53%) of households in the 41815 zip code earn less than $30,000 per year. This means that many families are struggling to afford even modest increases in their monthly mortgage payments.

Overall, it is clear that there is strong demand for housing in the 41815 zip code and that home prices have been increasing steadily over recent years. While some families may be experiencing positive gains on their homes equity, others continue to face significant financial challenges when it comes to paying their monthly mortgage bills.