42232, Gracey, KY

The 42232 zip code of Gracey, KY has a median home value of $151,000 and a median home equity value of $138,000. These values are lower than the statewide median home value of $177,500 and the national median home equity value of $142,200. The 42232 zip code also has a lower than average percentage of homeowners with mortgages at 66%, which is below the statewide percentage of homeowners with mortgages at 71%. This indicates that more residents in the 42232 zip code are able to borrow against their homes to cover expenses or invest in property.

The average price per square foot for homes in the 42232 zip code is $86 which is above the statewide average price per square foot for homes at $79 but below the national average price per square foot for homes at $104. This indicates that there is more demand for housing in the 42232 zip code than there is available housing stock. The higher prices may be attributable to factors such as low supply and high demand due to its proximity to Louisville, KY and Lexington, KY.