In March 2024, 40516 home prices were down 5.6% compared to last year, selling for a median price of $260K. On average, homes in 40516 sell after 71 days on the market compared to 49 days last year. There were 3 homes sold in March this year, down from 8 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$260,000
-5.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
40516, KY
$260,000
-5.6%
United States
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How hot is the 40516 housing market?
40516 is somewhat competitive. Homes sell in 25 days.
0
100
68
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 25 days.
Hot homes
can sell for about 1% above list price and go pending in around 2 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 40516 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 40516.
Risk Factor
Flood Factor - Moderate
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
40516 has a moderate risk of flooding. 124 properties in 40516 are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in 40516. Flood risk is increasing slower than the national average.
22% of properties are at risk of wildfire over the next 30 years
Fire Factor
40516 has a moderate risk of wildfire. There are 300 properties in 40516 that have some risk of being affected by wildfire over the next 30 years. This represents 22% of all properties in 40516.
72% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
40516 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 40516 is most at risk from hurricanes. 964 properties in 40516 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 59 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 68 mph.