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ZIP Code · KY

ZIP 40031

Pop. 26,259·Oldham County·9th most expensive ZIP in Kentucky
Median rent (all units)
$1,795/mo
Year-over-Year
Stable
Month-over-Month
-14.4%
vs US Median
-$170
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 40031 · $1,795
More affordable than 51% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,000
1 BR
$1,090
2 BR
$1,320
3 BR
$1,690
4 BR+
$1,960
Research median
$1,320/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$21,540/yr
At $1,795/mo median
Location
StateKY
CountyOldham County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -14.4% MoM), not inventory.
Demographics

Who lives here

ZIP 40031 (La Grange, KY) is majority owner-occupied, has a median income above the national average, 34.7% of residents hold a bachelor's degree or higher.

Population
26,259
Median income
$98,513
Median age
39.4
Renters
18%
Age distribution
20.4%
23.4%
29.4%
15%
Under 1820.4%
18–3423.4%
35–5429.4%
55–6411.8%
65+15%
Gender
56.5%
43.5%
Male56.5%
Female43.5%
Race & ethnicity
85%
White85%
Black4.7%
Hispanic6.8%
Asian0.9%
Other2.7%
Education (25+)
25.2%
30.7%
34.7%
No HS diploma9.4%
HS diploma25.2%
Some college30.7%
Bachelor's+34.7%
Housing tenure
82%
18%
Owner82%
Renter18%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 40031 in La Grange, KY has changed in 5 years

Income
$83,248 → $98,513
up 18.3%
Population
25,163 → 26,259
up 4.4%
Renter share
20.4% → 18%
-2.4 pts
Bachelor's+
31.3% → 34.7%
+3.4 pts

Local incomes tracked alongside that move, going from a median of $83,248 in 2021 to $98,513 more recently. The population has grown by 4.4% since 2021, moving from about 25,163 residents to roughly 26,259. Renters now make up 18% of households, compared with 20.4% five years ago. College-educated residents now make up 34.7% of adults here, versus 31.3% in 2021.

Community

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Local insights

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About renting in ZIP 40031

Last updated: June 22, 2026

ZIP code 40031 covers La Grange, KY. The median rent here is $1,795/mo as of June 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,320/mo.

At 22% of local median household income ($98,513/yr), ZIP 40031 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40031?

As of June 22, 2026, the median monthly rent in ZIP 40031 (La Grange, KY) is $1,795. This is based on aggregated data from public sources and community submissions.

How does ZIP 40031 rent compare to the US average?

ZIP 40031's median rent of $1,795/mo is $170 (9%) below the US national median of $1,965/mo.

How does ZIP 40031 compare to other ZIPs in Kentucky?

ZIP 40031 is one of the pricier ZIP codes in Kentucky, ranking #9 out of 81 ZIPs tracked at $1,795/mo.

How much income do you need to rent in ZIP 40031?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,795/mo in ZIP 40031. The local median household income is $98,513/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40031?

Rent in ZIP 40031 has been relatively stable over the past year, with a 0.0% change year over year as of June 22, 2026.

Is ZIP 40031 an affordable place to rent?

ZIP 40031 is considered very affordable for renters. At $1,795/mo, rent takes approximately 22% of the local median household income ($98,513/yr). The standard benchmark is 30%. ZIP 40031 falls comfortably within that range.

What percentage of ZIP 40031 residents rent vs. own?

According to Census data, approximately 18% of ZIP 40031 households are renters, while 82% are owner-occupied. ZIP 40031 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40031 compare to the rest of La Grange?

ZIP 40031 sits right at the La Grange citywide median of $1,795/mo.

When was rent data for ZIP 40031 last updated?

Rent data for ZIP 40031 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,795/mo, rent takes ~22% of ZIP 40031's median household income ($98,513/yr). The standard benchmark is 30%.

ZIP 40031 22%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40031 (La Grange, KY)

Recent submissions

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