ZIP Code · KY

ZIP 40202

Part of Louisville, KY

Pop. 7,261·Jefferson County·59th most expensive ZIP in Kentucky

Median rent (all units)

$1,233/mo

Year-over-Year

-2.4%

Month-over-Month

Stable

vs US Median

-$699

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 40202 · $1,233

More affordable than 90% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,060

1 BR

$1,140

2 BR

$1,390

3 BR

$1,780

4 BR+

$2,070

Research median

$1,390/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 40202 is 3.7% below its high of $1,281 in March 2024, at $1,233 as of September 2026.

Past year vs. the rest of Kentucky

Rent in ZIP 40202 changed -2.4% over the year to September 2026. Across the 63 Kentucky ZIP codes Zillow tracks, the typical change was +3.3%.

Recent direction

Rent rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($35,584) is $890 a month. That is less than HUD's Fair Market Rent for a studio ($1,060).

Rank in Louisville

8th cheapest of 29 ZIP codes in Louisville.

Cheaper nearby

ZIP 40203, 1 mile away, rents for 18% less ($1,006/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 40202. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,796/yr

At $1,233/mo median

Location

CityLouisville

StateKY

CountyJefferson County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 2.4% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-2.4% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 40202 (Louisville, KY) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 27.2% of residents hold a bachelor's degree or higher.

Population

7,261

Median income

$35,584

Median age

41.9

Renters

88.2%

Age distribution

33.9%

34.8%

15.8%

Under 184.4%

18–3433.9%

35–5434.8%

55–6415.8%

65+11.1%

Gender

63.2%

36.8%

Male63.2%

Female36.8%

Race & ethnicity

49.5%

33.6%

White49.5%

Black33.6%

Hispanic4.6%

Asian4.6%

Other7.7%

Education (25+)

30.5%

30.3%

27.2%

No HS diploma12%

HS diploma30.5%

Some college30.3%

Bachelor's+27.2%

Housing tenure

88.2%

Owner11.8%

Renter88.2%

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

2022 vs 2026

How ZIP 40202 in Louisville, KY has changed in 5 years

Rent

$1,162 → $1,233

up 6.1%

Income

$20,755 → $35,584

up 71.4%

Population

7,444 → 7,261

down 2.5%

Renter share

93.8% → 88.2%

-5.6 pts

Bachelor's+

20.4% → 27.2%

+6.8 pts

Median age

38.7 → 41.9

+3.2 yrs

Compared with 2022, rent in ZIP 40202 in Louisville, KY has increased by $71 per month, settling near $1,233 after starting the period at $1,162. Local incomes tracked alongside that move, going from a median of $20,755 in 2021 to $35,584 more recently. Income growth outran rent by about 65.3 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 7,444 to 7,261 between 2021 and 2024, a 2.5% change. About 88.2% of households rent today, against 93.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 20.4% to 27.2%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 40202 in Louisville, KY market of 2022.

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About renting in ZIP 40202

Last updated: October 17, 2026

ZIP code 40202 covers Louisville, KY. The median rent here is $1,233/mo as of October 2026. A 1-bedroom rents for a median of $1,140/mo. A 2-bedroom rents for a median of $1,390/mo.

At 42% of local median household income ($35,584/yr), ZIP 40202 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 40202?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (about $24/hour full-time) to afford the median rent of $1,233/mo in ZIP 40202. The local median household income is $35,584/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 40202?

Rent in ZIP 40202 has fallen 2.4% over the past year as of September 2026. It sits 3.7% below its high of $1,281 in March 2024.

How does ZIP 40202 compare to other ZIPs in Kentucky?

ZIP 40202 is one of the more affordable among Kentucky ZIP codes for rent, ranking #59 of 78 at $1,233/mo. Over the year to September 2026, rent in ZIP 40202 changed -2.4%, against a typical +3.3% across the 63 Kentucky ZIP codes Zillow tracks.