ZIP 40220 - 860Z200US40220 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 40220, located in the Louisville, Kentucky area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 33,000 and a mix of housing options, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes this ZIP code stand out and how it might align with your goals.

Population & Households

ZIP 40220 is home to 33,893 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 15,273 households, reflecting a balance of family and individual living arrangements. The total number of housing units stands at 16,019, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 40220 is $73,502, which points to a relatively stable economic base for residents. This income level supports a comfortable lifestyle for many and can be a draw for businesses targeting middle-income consumers. On the housing front, the median home value is $249,700, offering a price point that may appeal to first-time buyers or those seeking value in a competitive market. For renters, the median rent is $1,187 per month, which aligns with the income levels and suggests affordability for a significant portion of the population. These figures provide a solid foundation for understanding the financial landscape of the area.

Race & Ethnicity

The demographic makeup of ZIP 40220 reflects a diverse yet predominantly white community. Approximately 71.94% of residents identify as white, followed by 14.11% as Black, 5.31% as Asian, and 4.53% as Hispanic. This diversity can enrich the cultural fabric of the area, offering a blend of perspectives and experiences. For businesses, this mix may influence marketing strategies or product offerings, while homebuyers might appreciate the inclusive environment as they consider schools, community events, and local amenities.

Key Facts

• Total population: 33,893 residents in 2023, indicating a vibrant community.
• Total households: 15,273, showing a strong base of family and individual units.
• Total housing units: 16,019, suggesting some availability for new residents or investors.
• Median household income: $73,502, reflecting economic stability for many residents.
• Median home value: $249,700, a competitive price for potential buyers.
• Median rent: $1,187, offering a reasonable cost for renters in the area.
• Racial composition: 71.94% white, 14.11% Black, 5.31% Asian, 4.53% Hispanic, highlighting diversity.

What This Means for You

For homebuyers, ZIP 40220 offers a promising mix of affordability and community size. With a median home value of $249,700, you might find properties that fit a range of budgets, while the slight surplus of housing units (16,019 total) could mean less competition in certain segments of the market. Investors and real estate agents can take note of the potential for rental properties, given the median rent of $1,187 and a stable household income base of $73,502. The diversity in the area also suggests a broad tenant pool. Small-business owners will find a sizable population of 33,893 to serve, with income levels that support discretionary spending—ideal for retail, dining, or service-based ventures. Analysts can use these metrics to benchmark ZIP 40220 against neighboring areas, identifying trends in housing demand or economic growth.

Run This Study Yourself

Want to dive deeper into ZIP 40220 or compare it with other areas? Follow these steps to uncover detailed insights tailored to your needs:

• Visit ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to generate a comprehensive report with the latest data.
• Use the insights to make informed decisions for buying, investing, or starting a business.