40342 — Shelby County, Kentucky Market Snapshot
Housing market data for zip code 40342 in Shelby County, Kentucky. Updated monthly with median prices, days on market, and more.
Market Sales Data
82 sales in 2026 (year to date)
Median Sale Price
$279,500
Days to Sell
72
Homes Sold
82
Inventory
71
Sale-to-List
98.7%
New Listings
102
Price/SqFt
$172
Pending Sales
109
Conforming Loan Available
Most homebuyers in 40342 can comfortably use conventional financing. The median home price of $279,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 72 days on average, 40342 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 40342 (98.7% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 40342 can comfortably use conventional financing. The median home price of $279,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 40342 are set at the county level.
2026 Loan Limits — Shelby County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 40342
To purchase the median home at $279,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,291.
Monthly Payment
$2,291
Income Required
$98,205
Principal & Interest
$1,722/mo
Down Payment (5%)
$13,975
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 40342.
Estimated Monthly Payment
$1,880
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