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ZIP Code · KY

ZIP 40207

Pop. 28,903·Jefferson County·36th most expensive ZIP in Kentucky
Median rent (all units)
$1,460/mo
Year-over-Year
+6.4%
Month-over-Month
+0.2%
vs US Median
-$505
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 40207 · $1,460
More affordable than 76% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,190
1 BR
$1,290
2 BR
$1,570
3 BR
$2,010
4 BR+
$2,330
Research median
$1,570/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
$17,520/yr
At $1,460/mo median
Location
StateKY
CountyJefferson County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.4% YoY, +0.2% MoM), not inventory.
Demographics

Who lives here

ZIP 40207 (Louisville, KY) is majority owner-occupied, has a large retiree population, has a median income above the national average, 68.2% of residents hold a bachelor's degree or higher.

Population
28,903
Median income
$101,898
Median age
41.2
Renters
30.9%
Age distribution
19.2%
22%
24.2%
12.8%
21.8%
Under 1819.2%
18–3422%
35–5424.2%
55–6412.8%
65+21.8%
Gender
48%
52%
Male48%
Female52%
Race & ethnicity
88.2%
White88.2%
Black2.8%
Hispanic3%
Asian2.7%
Other3.4%
Education (25+)
21%
68.2%
No HS diploma2%
HS diploma8.8%
Some college21%
Bachelor's+68.2%
Housing tenure
69.1%
30.9%
Owner69.1%
Renter30.9%

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

2021 vs 2026

How ZIP 40207 in Louisville, KY has changed in 5 years

Rent
$1,110 → $1,460
up 31.5%
Income
$91,484 → $101,898
up 11.4%
Population
29,359 → 28,903
down 1.6%
Renter share
30.5% → 30.9%
+0.4 pts
Bachelor's+
66.5% → 68.2%
+1.7 pts
Median age
42.5 → 41.2
-1.3 yrs

Rent in ZIP 40207 in Louisville, KY has increased 31.5% since 2021, going from about $1,110 per month to roughly $1,460 today. On the earnings side, the typical household in ZIP 40207 in Louisville, KY now reports about $101,898, up from $91,484 in 2021. Rent outpaced income growth by roughly 20.1 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 29,359 to 28,903 between 2021 and 2024, a 1.6% change. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 40207 in Louisville, KY reflects that arc in its own way.

Community

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Local insights

Tips for renters in ZIP 40207

About renting in ZIP 40207

Last updated: July 20, 2026

ZIP code 40207 covers Louisville, KY. The median rent here is $1,460/mo as of July 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,570/mo.

At 17% of local median household income ($101,898/yr), ZIP 40207 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40207?

As of July 20, 2026, the median monthly rent in ZIP 40207 (Louisville, KY) is $1,460. This is based on aggregated data from public sources and community submissions.

How does ZIP 40207 rent compare to the US average?

ZIP 40207's median rent of $1,460/mo is $505 (26%) below the US national median of $1,965/mo.

How does ZIP 40207 compare to other ZIPs in Kentucky?

ZIP 40207 falls in the middle range for Kentucky, ranking #36 out of 83 ZIPs at $1,460/mo.

How much income do you need to rent in ZIP 40207?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,460/mo in ZIP 40207. The local median household income is $101,898/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40207?

Rent in ZIP 40207 has increased 6.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 40207 an affordable place to rent?

ZIP 40207 is considered very affordable for renters. At $1,460/mo, rent takes approximately 17% of the local median household income ($101,898/yr). The standard benchmark is 30%. ZIP 40207 falls comfortably within that range.

What percentage of ZIP 40207 residents rent vs. own?

According to Census data, approximately 30.9% of ZIP 40207 households are renters, while 69.1% are owner-occupied. ZIP 40207 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40207 compare to the rest of Louisville?

ZIP 40207 is pricier than Louisville as a whole. At $1,460/mo, it's $66 above the Louisville citywide median of $1,394/mo.

When was rent data for ZIP 40207 last updated?

Rent data for ZIP 40207 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
17%
VERY AFFORDABLE

At $1,460/mo, rent takes ~17% of ZIP 40207's median household income ($101,898/yr). The standard benchmark is 30%.

ZIP 40207 17%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40207 (Louisville, KY)

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