Zip 40403 (Berea, KY) Housing

The housing Median Value in 40403 Berea, KY is $208,400 which is significantly lower than the US House Median Value of $338,100. However, the House 1 year appreciation in this area is 8.08%, which is only slightly lower than the US 1 year House Appreciation of 8.27%. This suggests that housing in this area is starting to appreciate at a similar rate to the rest of the country and may be a good option for those looking for an affordable property investment.

The median home cost in Berea (zip 40403) is $208,400. Home appreciation the last 10 years has been 69.9%. Home Appreciation in Berea (zip 40403) is up 15.5%.

Average Age of Homes

- The median age of Berea (zip 40403) real estate is 27 years old

The Rental Market in Berea (zip 40403)

- Renters make up 29.4% of the Berea (zip 40403) population
- 1.7% of houses and apartments in Berea (zip 40403), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Berea, Kentucky	United States
	10,795.0	139,647,020.0
	30	42
	$208,400	$338,100
	15.5%	16.6%
	49.5%	57.0%
	69.9%	101.1%
	$8.02	$10.98
	$1,196	$2,690
	61.2%	57.4%
	9.3%	11.2%
	29.5%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.2%	0.4%
	0.6%	3.6%
	5.9%	4.1%
Value of Owner-Occupied Housing
	3.1%	2.6%
	2.3%	2.4%
	3.7%	2.8%
	8.3%	3.9%
	7.2%	4.5%
	25.9%	11.3%
	24.0%	13.0%
	17.3%	20.1%
	5.8%	13.6%
	1.9%	8.3%
	0.3%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	20.3%	13.6%
	20.3%	13.6%
	22.6%	13.6%
	13.9%	13.2%
	12.7%	14.8%
	22.6%	13.6%
	3.1%	10.0%
	4.5%	4.7%
	4.3%	12.2%

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