RentDataNowRentDataNow
ZIP Code · KY

ZIP 40059

Part of Prospect, KY
Pop. 20,892·Jefferson County·2nd most expensive ZIP in Kentucky
Median rent (all units)
$2,441/mo
Year-over-Year
+5.5%
Month-over-Month
+8.4%
vs US Median
+$490
Rising (Monthly)
Be the first to discuss 40059 rents ↓
Most AffordableMost Expensive
ZIP 40059 · $2,441
More expensive than 78% of US ZIP codes · National median $1,951/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,450
1 BR
$1,570
2 BR
$1,910
3 BR
$2,440
4 BR+
$2,840
Research median
$1,910/mo

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

Rent trends

12-month history

Loading…

Last updated: June 22, 2026

Annual cost
$29,292/yr
At $2,441/mo median
Location
StateKY
CountyJefferson County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.5% YoY, +8.4% MoM), not inventory.
Demographics

Who lives here

ZIP 40059 (Prospect, KY) is majority owner-occupied, has a large retiree population, has a median income above the national average, 70.1% of residents hold a bachelor's degree or higher.

Population
20,892
Median income
$152,727
Median age
47.2
Renters
12.6%
Age distribution
22.7%
28.7%
15.3%
22.2%
Under 1822.7%
18–3411%
35–5428.7%
55–6415.3%
65+22.2%
Gender
49.7%
50.3%
Male49.7%
Female50.3%
Race & ethnicity
87%
White87%
Black3.4%
Hispanic2.4%
Asian4%
Other3.1%
Education (25+)
20%
70.1%
No HS diploma1.6%
HS diploma8.2%
Some college20%
Bachelor's+70.1%
Housing tenure
87.4%
12.6%
Owner87.4%
Renter12.6%

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

2021 vs 2026

How ZIP 40059 in Prospect, KY has changed in 5 years

Income
$161,079 → $152,727
down 5.2%
Population
20,205 → 20,892
up 3.4%
Renter share
8.2% → 12.6%
+4.4 pts
Bachelor's+
71.3% → 70.1%
-1.2 pts

Median household income slipped from $161,079 to $152,727 between 2021 and 2024, a 5.2% shift. The population has grown by 3.4% since 2021, moving from about 20,205 residents to roughly 20,892. Renters now make up 12.6% of households, compared with 8.2% five years ago.

Community

Discussions about ZIP 40059

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 40059

About renting in ZIP 40059

Last updated: June 22, 2026

ZIP code 40059 covers Prospect, KY. The median rent here is $2,441/mo as of June 2026. A 1-bedroom rents for a median of $1,570/mo. A 2-bedroom rents for a median of $1,910/mo.

At 19% of local median household income ($152,727/yr), ZIP 40059 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40059?

As of June 22, 2026, the median monthly rent in ZIP 40059 (Prospect, KY) is $2,441. This is based on aggregated data from public sources and community submissions.

How does ZIP 40059 rent compare to the US average?

ZIP 40059's median rent of $2,441/mo is $490 (25%) above the US national median of $1,951/mo.

How does ZIP 40059 compare to other ZIPs in Kentucky?

ZIP 40059 is one of the pricier ZIP codes in Kentucky, ranking #2 out of 81 ZIPs tracked at $2,441/mo.

How much income do you need to rent in ZIP 40059?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (~$47/hour full-time) to afford the median rent of $2,441/mo in ZIP 40059. The local median household income is $152,727/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40059?

Rent in ZIP 40059 has increased 5.5% over the past year as of June 22, 2026, putting upward pressure on renter budgets.

Is ZIP 40059 an affordable place to rent?

ZIP 40059 is considered very affordable for renters. At $2,441/mo, rent takes approximately 19% of the local median household income ($152,727/yr). The standard benchmark is 30%. ZIP 40059 falls comfortably within that range.

What percentage of ZIP 40059 residents rent vs. own?

According to Census data, approximately 12.6% of ZIP 40059 households are renters, while 87.4% are owner-occupied. ZIP 40059 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40059 compare to the rest of Prospect?

ZIP 40059 sits right at the Prospect citywide median of $2,441/mo.

When was rent data for ZIP 40059 last updated?

Rent data for ZIP 40059 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $2,441/mo, rent takes ~19% of ZIP 40059's median household income ($152,727/yr). The standard benchmark is 30%.

ZIP 40059 19%Benchmark 30%
State income tax4%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 40059 (Prospect, KY)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.