ZIP 40241 - 860Z200US40241 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 40241, 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 30,000 and a robust median household income, this area presents a blend of suburban stability and economic potential. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, understanding the makeup of ZIP 40241 can guide your next steps. Let’s break down the key metrics to help you make informed decisions.

Population & Households

ZIP 40241 is home to 30,910 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 13,165 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 13,634, indicating a slight surplus of available homes compared to occupied households. This small gap 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 40241 is $95,775, a figure that points to a relatively affluent community with strong earning power. This income level supports a healthy local economy, which can be a draw for businesses and investors alike. On the housing front, the median home value is $349,200, reflecting a competitive but accessible real estate market for a suburban area near a major city like Louisville. For renters, the median rent is $1,433 per month, which aligns with the area’s income levels and suggests a balanced rental market for those not ready to buy.

Race & Ethnicity

The demographic composition of ZIP 40241 showcases a diverse yet predominantly white population. Approximately 72.07% of residents identify as white, followed by 10.49% as Black, 6.18% as Asian, and 6.69% as Hispanic. This mix indicates a community with cultural variety, which can be appealing for businesses aiming to serve a broad customer base or for families seeking an inclusive environment. Understanding this breakdown can also help real estate professionals and business owners tailor their strategies to the local population.

Key Facts

• Total population: 30,910 residents in ZIP 40241 as of 2023.
• Total households: 13,165, with a mix of family and individual setups.
• Total housing units: 13,634, showing a slight surplus of available homes.
• Median household income: $95,775, indicating strong local earning power.
• Median home value: $349,200, competitive for a suburban market.
• Median rent: $1,433 per month, balanced with income levels.
• Racial composition: 72.07% white, 10.49% Black, 6.18% Asian, 6.69% Hispanic.

What This Means for You

For homebuyers, ZIP 40241 offers a stable housing market with a median home value of $349,200, which is attainable for many given the area’s median income of $95,775. The slight surplus of housing units (13,634 total vs. 13,165 households) may provide some negotiating room. Real estate investors and agents can find potential in this small inventory gap, especially in a community with strong income levels that support property value growth. Rental properties could also be viable, with median rents at $1,433 reflecting demand from non-buyers.

For small-business owners, the diverse population of 30,910 and solid household incomes suggest a customer base with disposable income and varied needs. Whether you’re opening a retail store, service-based business, or restaurant, the cultural mix (including significant white, Black, Asian, and Hispanic populations) allows for targeted offerings. Analysts can use these metrics to benchmark ZIP 40241 against nearby areas, identifying trends in housing demand or economic stability for deeper studies.

Run This Study Yourself

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