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Rental Insights for ZIP Code 40014 (Crestwood, KY)

Housing Rentals in ZIP Code 40014 (Crestwood, KY)

40014 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 40014

ZIP Code 40014 is primarily located in Crestwood, KY in Oldham County. The median housing rent in this Kentucky region is estimated at $946 per month. About 14.6% of housing units in this Oldham County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 2.9%.

The median rent in ZIP Code 40014 of $946 per month is 24% higher than the aggregate Kentucky median monthly rent of $763, and is 11% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 42.5% of renters in ZIP Code 40014 pay between $500 and $999 per month for housing. That is 28% lower than in Kentucky overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 0.1% of renters in this Crestwood, KY region pay between $2,000 and $2,499 per month for rent.

ZIP Code 40014 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 40014

See the chart below for a comparison of monthly rental costs in ZIP Code 40014, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 40014 along with those in the state of Kentucky and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 40014

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 40014 Kentucky U.S.
Less than $500 14.0% 17.2% 9.4%
$500 to $999 42.5% 58.9% 36.2%
$1,000 to $1,499 26.1% 19.5% 30.0%
$1,500 to $1,999 16.1% 3.1% 14.0%
$2,000 to $2,499 0.1% 0.7% 5.6%
$2,500 to $2,999 1.3% 0.3% 2.4%
$3,000 or more 0.0% 0.3% 2.4%

Rent Cost vs. Income in ZIP Code 40014

Renters in ZIP Code 40014 use an estimated 23.36% of their income to cover their monthly rent payments. That is about 17% lower than in Kentucky overall. The estimate for Kentucky overall is 28.3% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 40014 renters use about 22% less of their income to cover rent expense. Household income figures for ZIP Code 40014 come in higher than in Kentucky as a whole. The median annual household income in ZIP Code 40014 of $106,357 sits approximately 110% higher than the overall Kentucky median income of $50,589 and approximately 69% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 40014

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 40014, Kentucky, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 40014 along with the same calculations in the state of Kentucky and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 40014

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 40014 Kentucky U.S.
Less than 15.0 percent 27.2% 17.2% 13.1%
15.0 to 19.9 percent 20.5% 13.8% 12.9%
20.0 to 24.9 percent 14.5% 12.9% 12.9%
25.0 to 29.9 percent 5.2% 11.5% 11.6%
30.0 to 34.9 percent 15.0% 8.6% 9.1%
35.0 percent or more 17.6% 36.0% 40.5%

Household Income in ZIP Code 40014

See the table below for the regional comparison of annual household income in ZIP Code 40014.

Income ZIP 40014 Kentucky U.S.
Less than $10,000 1.3% 8.3% 6.0%
$10,000 to $14,999 1.5% 5.8% 4.3%
$15,000 to $24,999 4.4% 11.1% 8.9%
$25,000 to $34,999 4.3% 10.5% 8.9%
$35,000 to $49,999 6.0% 13.8% 12.3%
$50,000 to $74,999 16.2% 17.7% 17.2%
$75,000 to $99,999 12.4% 12.1% 12.7%
$100,000 to $149,999 25.8% 12.5% 15.1%
$150,000 to $199,999 11.0% 4.3% 6.8%
$200,000 or more 17.1% 3.9% 7.7%

Household Income in ZIP Code 40014

See the chart below for a comparison of annual household income figures in ZIP Code 40014, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 40014 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 40014

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 40014.

ZIP 40014 Kentucky U.S.
Median Housing Rent $946 $763 $1,062
Renter-Occupied Housing Units 14.6% 32.8% 36.0%
Rental Vacancy Rate 2.9% 5.9% 6.0%
Average Size of Renter-Occupied Unit 3.07 2.36 2.49
Average # of Bedrooms Per Unit 3.65 2.78 2.75
Percent of Income Spent on Rent 23.36% 28.3% 29.83%
Per Capita Income $42,842 $28,178 $34,103
Median Household Income $129,423 $70,144 $88,607
Living Below the Poverty Line 4.5% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 40014

In ZIP Code 40014 (Crestwood, KY), and estimated 14.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.9%.

The per capita income in 40014 is estimated at $42,842, which goes along with an estimated median household income of $129,423. About 4.5% of residents in this Oldham County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.07 occupants, while the units have an aggregate average size of 3.65 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 23.36% of their income on housing rental costs.

Rental FAQs for ZIP Code 40014

1

What is the median monthly rent in ZIP Code 40014?

Median rent for housing in ZIP Code 40014 in Oldham County in Kentucky is approximately $946 per month.
2

Is it expensive to rent in ZIP Code 40014?

Rent in ZIP Code 40014 is higher than average in the state of Kentucky overall. The median monthly rent of $946 in ZIP Code 40014 is approximately 24% higher than the Kentucky median of $763. Additionally, median rent in this Crestwood, KY region ($946) is about 11% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 40014?

High-priced rentals are not common in the Crestwood, KY ZIP Code of 40014, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Kentucky overall, approximately 0.3% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 40014?

Affordable rentals are less common in ZIP Code 40014 than in Kentucky overall. The percentage of housing rentals in ZIP Code 40014 costing $999 or less per month (56.5%) is approximately 26% lower than the Kentucky rate of 76.1% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 24% lower than the previously mentioned 40014 rate of 56.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 40014?

The most common range for rental cost in ZIP Code 40014 is between $500 and $999 per month. About 42.5% of renters in 40014 pay in this range for monthly rent. In comparison, approximately 58.9% of renters in the state of Kentucky fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 40014 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 40014 is lower than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 2.9% in ZIP Code 40014 is about 51% lower than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Crestwood, KY region (2.9%) is an estimated 52% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 40014? How does it compare to other Kentucky regions?

Median household income in ZIP Code 40014 is higher than in the state of Kentucky overall. Annual household income of $106,357 in ZIP Code 40014 is about 110% higher than the Kentucky median of $50,589. Additionally, median household income in this Crestwood, KY region ($106,357) is approximately 69% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 40014 spend on housing costs?

Renters in ZIP Code 40014 spend a lower amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 40014 spend an estimated 23.36% of their income on rent payments, which is about 17% lower than the overall Kentucky estimated rate of 28.3%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 22% higher than the ZIP Code 40014 estimated rate of 23.36%.
9

Do renters in ZIP Code 40014 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 40014 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 40014 spending 30 percent or more of their income on rent costs (32.6%) is approximately 27% lower than the Kentucky rate of 44.6% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 34% higher than the aforementioned 40014 rate of 32.6%.
10

What is the average household size of renter-occupied units in ZIP Code 40014?

The average household size of renter-occupied units in ZIP Code 40014 is higher than in the state of Kentucky overall. Annual household size of 3.07 in ZIP Code 40014 is about 30% higher than the Kentucky median of 2.36. Additionally, median household size in this Crestwood, KY region (3.07) is approximately 23% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes