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ZIP Code · KY

ZIP 40205

Pop. 24,664·Jefferson County·30th most expensive ZIP in Kentucky
Median rent (all units)
$1,498/mo
Year-over-Year
+0.1%
Month-over-Month
+5.9%
vs US Median
-$467
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 40205 · $1,498
More affordable than 74% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,020
1 BR
$1,100
2 BR
$1,340
3 BR
$1,710
4 BR+
$1,990
Research median
$1,340/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: July 20, 2026

Annual cost
$17,976/yr
At $1,498/mo median
Location
StateKY
CountyJefferson County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.1% YoY, +5.9% MoM), not inventory.
Demographics

Who lives here

ZIP 40205 (Louisville, KY) is majority owner-occupied, has a large retiree population, has a median income above the national average, 66.7% of residents hold a bachelor's degree or higher.

Population
24,664
Median income
$99,966
Median age
42.7
Renters
25.6%
Age distribution
20%
20.5%
25.9%
12.9%
20.8%
Under 1820%
18–3420.5%
35–5425.9%
55–6412.9%
65+20.8%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
90.1%
White90.1%
Black3.1%
Hispanic2.7%
Asian0.6%
Other3.5%
Education (25+)
19.3%
66.7%
No HS diploma3.1%
HS diploma10.9%
Some college19.3%
Bachelor's+66.7%
Housing tenure
74.4%
25.6%
Owner74.4%
Renter25.6%

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

2021 vs 2026

How ZIP 40205 in Louisville, KY has changed in 5 years

Rent
$1,184 → $1,498
up 26.5%
Income
$88,033 → $99,966
up 13.6%
Population
25,161 → 24,664
down 2.0%
Renter share
25.5% → 25.6%
+0.1 pts
Bachelor's+
64.3% → 66.7%
+2.4 pts
Median age
41.9 → 42.7
+0.8 yrs

Across the past five years, the going rent in ZIP 40205 in Louisville, KY has shifted from $1,184 to $1,498, up 26.5% since 2021. Median household income climbed from $88,033 to $99,966 between 2021 and 2024, a 13.6% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 40205 in Louisville, KY losing about 497 residents over the five-year window, down 2.0% on net. Bachelor's-degree-or-higher attainment moved from 64.3% to 66.7% across the same window. Taken together, the five-year picture in ZIP 40205 in Louisville, KY reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 40205

Last updated: July 20, 2026

ZIP code 40205 covers Louisville, KY. The median rent here is $1,498/mo as of July 2026. A 1-bedroom rents for a median of $1,100/mo. A 2-bedroom rents for a median of $1,340/mo.

At 18% of local median household income ($99,966/yr), ZIP 40205 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40205?

As of July 20, 2026, the median monthly rent in ZIP 40205 (Louisville, KY) is $1,498. This is based on aggregated data from public sources and community submissions.

How does ZIP 40205 rent compare to the US average?

ZIP 40205's median rent of $1,498/mo is $467 (24%) below the US national median of $1,965/mo.

How does ZIP 40205 compare to other ZIPs in Kentucky?

ZIP 40205 falls in the middle range for Kentucky, ranking #30 out of 83 ZIPs at $1,498/mo.

How much income do you need to rent in ZIP 40205?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,498/mo in ZIP 40205. The local median household income is $99,966/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40205?

Rent in ZIP 40205 has been relatively stable over the past year, with a 0.1% change year over year as of July 20, 2026.

Is ZIP 40205 an affordable place to rent?

ZIP 40205 is considered very affordable for renters. At $1,498/mo, rent takes approximately 18% of the local median household income ($99,966/yr). The standard benchmark is 30%. ZIP 40205 falls comfortably within that range.

What percentage of ZIP 40205 residents rent vs. own?

According to Census data, approximately 25.6% of ZIP 40205 households are renters, while 74.4% are owner-occupied. ZIP 40205 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40205 compare to the rest of Louisville?

ZIP 40205 is pricier than Louisville as a whole. At $1,498/mo, it's $104 above the Louisville citywide median of $1,394/mo.

When was rent data for ZIP 40205 last updated?

Rent data for ZIP 40205 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $1,498/mo, rent takes ~18% of ZIP 40205's median household income ($99,966/yr). The standard benchmark is 30%.

ZIP 40205 18%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40205 (Louisville, KY)

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