40403 — Berea, KY Home Values
Typical home value $256,823 as of June 2026 · 3rd of 6 in Richmond-Berea, KY
Blue: typical home value (Zillow ZHVI) in ZIP code 40403, June 2021 to June 2026. This page shows observed data only; no forecast.
How 40403 compares in the Richmond-Berea, KY area
ZIP code 40403 (Berea, KY) has a typical home value of $256,823 as of June 2026, ranking 3rd of 6 ZIP codes tracked in the Richmond-Berea, KY area, more expensive than about 67% of ZIP codes in the metro. Prices here have moved +0.7% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +33.6%, from $192,240 in June 2021 to $256,823 in June 2026. Against observed rent, the typical home here sells for 19.6× the annual rent ($1,092/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Richmond-Berea, KY forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Richmond.
Population and demographics
ZIP code 40403 has a population of 26,733, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 92% White, 3.4% Hispanic or Latino, 2.6% two or more races, 1.5% Black or African American, 0.2% American Indian or Alaska Native, 0.1% Asian, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Silver Creek Elementary School | 75 Old US 25 N, Berea, KY | 1.4 mi |
| Madison Southern High School | 279 Glades Rd, Berea, KY | 1.7 mi |
| Berea Community Elementary School | 2 Pirate Pkwy, Berea, KY | 1.8 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 40403?
$256,823 as of June 2026, the latest month Zillow has published observed data for.
Is 40403 an expensive ZIP code in the Richmond-Berea, KY area?
40403 ranks 3rd of 6 ZIP codes in the Richmond-Berea, KY area by typical home value, more expensive than about 67% of ZIP codes in the metro.
How much have home values in 40403 changed over the past year?
+0.7% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 40403?
The typical home price is 19.6× the observed annual rent in this ZIP code ($1,092/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 40403?
26,733, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 40403?
Silver Creek Elementary School (1.4 mi), Madison Southern High School (1.7 mi), Berea Community Elementary School (1.8 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 40403?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Richmond-Berea, KY forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.