ZIP 40403 - 860Z200US40403 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 40403, understanding the area’s demographic and housing landscape is essential. Located in Berea, Kentucky, this ZIP code offers a blend of small-town charm and accessible living costs. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing metrics, and racial composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about ZIP 40403.

Population & Households

ZIP 40403 is home to a population of 26,733 residents, making it a moderately sized community with a tight-knit feel. This area supports 10,141 households, reflecting a stable base of families and individuals. With 11,008 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. These numbers suggest a community that’s neither overcrowded nor sparse, offering a balanced environment for living and working.

Income & Housing Costs

The median household income in ZIP 40403 stands at $60,105, positioning it as a middle-income area where residents enjoy a reasonable standard of living. Housing costs align with this income level, with a median home value of $180,800—a figure that’s accessible compared to national averages. For renters, the median rent is $827 per month, offering an affordable alternative to homeownership. These metrics point to a market that’s attractive for first-time buyers, families seeking value, and investors looking for properties with growth potential without exorbitant entry costs.

Race & Ethnicity

The demographic makeup of ZIP 40403 is predominantly White, with 90.83% of the population identifying as such. Other groups include Black residents at 1.75%, Asian residents at 0.25%, and Hispanic or Latino individuals at 3.55%. This composition reflects a largely homogeneous community with limited diversity compared to urban centers. For businesses and investors, this can shape marketing strategies or community engagement efforts, while homebuyers may appreciate the area’s cultural consistency if seeking a familiar environment.

Key Facts

• Total population: 26,733 residents in 2023.
• Total households: 10,141, supporting a stable community base.
• Total housing units: 11,008, suggesting some availability for new occupants.
• Median household income: $60,105, indicative of a middle-income area.
• Median home value: $180,800, offering affordability for buyers.
• Median rent: $827, a cost-effective option for renters.
• Racial composition: 90.83% White, 1.75% Black, 0.25% Asian, 3.55% Hispanic.

What This Means for You

For homebuyers, ZIP 40403 presents an opportunity to purchase a home at a median value of $180,800, which is within reach for many budgets, especially with a median household income of $60,105. The slight surplus of housing units (11,008 total vs. 10,141 households) suggests you may have options to choose from, potentially avoiding bidding wars common in tighter markets.

For real estate investors and agents, the affordable home values and reasonable rental rates ($827 median rent) indicate potential for steady returns, especially in a community with a stable population of over 26,000. The data suggests room for growth without the risk of oversaturation, making it a practical market to explore for rental properties or flips.

For small-business owners, the demographic profile—predominantly White with a middle-income base—offers a clear target audience for goods and services. With over 10,000 households, there’s a sizable local market to tap into, particularly for businesses catering to family needs or everyday conveniences.

For analysts, these metrics provide a baseline for tracking trends in housing affordability, population stability, and economic health in ZIP 40403. The data can inform broader studies on rural or semi-rural markets in Kentucky.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 40403? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make data-driven decisions for buying, investing, or launching a business in any area of interest.