Norbourne Estates, KY
Population 447 · Kentucky
About Norbourne Estates, KY
Norbourne Estates is a small community located in Kentucky with a population of 447 residents according to the latest US Census Bureau American Community Survey data. The median household income is $174,844 per year, which is 133% above the national median of $75,149. The median age of 42.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Norbourne Estates features a median home value of $611,700, which is 150% above the national median of $244,900. This places Norbourne Estates in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 182 total housing units, 98% are owner-occupied (177 units) and 2% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Norbourne Estates shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Norbourne Estates have an average one-way commute time of 17.8 minutes, one of the shorter commutes in the region.
Education & Demographics
88.3% of Norbourne Estates residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 1.8% of the population being foreign-born.
How Norbourne Estates Ranks in Kentucky
Cost of Living in Norbourne Estates, KY
Compared to national averages, Norbourne Estates has a median household income of $174,844 (133% above the national median of $75,149). Home values average $611,700, which is 150% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Kentucky, Norbourne Estates's income is 164% above the state average of $66,273, and home values are 235% above the state median of $182,504.
Why Live in Norbourne Estates, KY?
Norbourne Estates offers a strong local economy with a median household income of $174,844, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.8%. Additionally, the city features a well-educated community where 88.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.4%, better than the national average, and short commute times averaging just 17.8 minutes.
Potential considerations include a competitive housing market where the typical home costs $611,700. However, Norbourne Estates’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Norbourne Estates has a population of 447 with a median age of 42.6 years. Compare Norbourne Estates with other cities to see how it stacks up, or explore all cities in Kentucky.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Norbourne Estates
What is the population of Norbourne Estates, KY?
The population of Norbourne Estates, KY is 447 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in Norbourne Estates?
The median household income in Norbourne Estates, KY is $174,844 per year, which is 133% above the national median of $75,149.
What is the median home value in Norbourne Estates?
The median home value in Norbourne Estates, KY is $611,700, which is 150% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Norbourne Estates?
The median monthly rent in Norbourne Estates, KY is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Norbourne Estates?
The unemployment rate in Norbourne Estates, KY is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Norbourne Estates, KY a good place to live?
Norbourne Estates offers above-average incomes, a competitive housing market, and a strong job market. With a population of 447 and a median age of 42.6, the city appeals to a broad range of residents.
How educated is Norbourne Estates, KY?
88.3% of residents in Norbourne Estates aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Norbourne Estates?
Key cost-of-living indicators for Norbourne Estates, KY: median home value is $611,700 (150% above national), median rent is $0/month, and median household income is $174,844. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Norbourne Estates?
The poverty rate in Norbourne Estates, KY is 0.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Norbourne Estates, KY?
Norbourne Estates's population is 0.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 0.2% two or more races. 1.8% of residents are foreign-born.