ZIP Code · KY

ZIP 40214

Part of Louisville, KY

Pop. 45,405·Jefferson County·68th most expensive ZIP in Kentucky

Median rent (all units)

$1,114/mo

Year-over-Year

-0.2%

Month-over-Month

+0.8%

vs US Median

-$818

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 40214 · $1,114

More affordable than 95% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$900

1 BR

$970

2 BR

$1,180

3 BR

$1,510

4 BR+

$1,750

Research median

$1,180/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

Cheapest month to sign

January. Asking rents in ZIP 40214 usually run 1.5% below trend in January and 1.5% above it in April, about $33 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 40214 is 1.9% below its high of $1,136 in July 2025, at $1,114 as of September 2026.

Past year vs. the rest of Kentucky

Rent in ZIP 40214 changed -0.2% 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 6 of the last 12 months.

What a typical income covers

30% of the median household income ($54,931) is $1,373 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,180); a 3-bedroom is $1,510.

Rank in Louisville

4th cheapest of 29 ZIP codes in Louisville.

From Zillow's monthly rent index (ZORI) for ZIP 40214. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,368/yr

At $1,114/mo median

Location

CityLouisville

StateKY

CountyJefferson County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.2% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 40214 (Louisville, KY) is roughly split between renters and owners, has a median income below the national average, 23.1% of residents hold a bachelor's degree or higher.

Population

45,405

Median income

$54,931

Median age

35.4

Renters

45.6%

Age distribution

24.2%

25.2%

25.3%

13.6%

Under 1824.2%

18–3425.2%

35–5425.3%

55–6411.7%

65+13.6%

Gender

50.4%

49.6%

Male50.4%

Female49.6%

Race & ethnicity

49.8%

21.9%

14.3%

White49.8%

Black21.9%

Hispanic14.3%

Asian8%

Other5.9%

Education (25+)

15%

30.6%

31.3%

23.1%

No HS diploma15%

HS diploma30.6%

Some college31.3%

Bachelor's+23.1%

Housing tenure

54.4%

45.6%

Owner54.4%

Renter45.6%

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

2021 vs 2026

How ZIP 40214 in Louisville, KY has changed in 5 years

Rent

$807 → $1,114

up 38.0%

Income

$49,427 → $54,931

up 11.1%

Population

47,339 → 45,405

down 4.1%

Renter share

47.2% → 45.6%

-1.6 pts

Bachelor's+

21.5% → 23.1%

+1.6 pts

Median age

36.4 → 35.4

-1.0 yrs

Across the past five years, the going rent in ZIP 40214 in Louisville, KY has shifted from $807 to $1,114, up 38.0% since 2021. Census figures show median household income at $54,931 today, compared with $49,427 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 40214 in Louisville, KY losing about 1,934 residents over the five-year window, down 4.1% on net. The renter share has eased from 47.2% to 45.6%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 40214

Last updated: October 17, 2026

ZIP code 40214 covers Louisville, KY. The median rent here is $1,114/mo as of October 2026. A 1-bedroom rents for a median of $970/mo. A 2-bedroom rents for a median of $1,180/mo.

At 24% of local median household income ($54,931/yr), ZIP 40214 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 40214?

To keep rent at or below 30% of gross income, you would need to earn at least $45,000/year (about $22/hour full-time) to afford the median rent of $1,114/mo in ZIP 40214. The local median household income is $54,931/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 40214?

Rent in ZIP 40214 has been roughly flat over the past year as of September 2026, a -0.2% change. It sits 1.9% below its high of $1,136 in July 2025.

When is the cheapest time to rent in ZIP 40214?

Asking rents in ZIP 40214 are usually lowest in January, about 1.5% below their yearly trend, and highest in April, about 1.5% above it. At today's median that is a gap of roughly $33 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 40214 compare to other ZIPs in Kentucky?

ZIP 40214 is one of the more affordable among Kentucky ZIP codes for rent, ranking #68 of 78 at $1,114/mo. Over the year to September 2026, rent in ZIP 40214 changed -0.2%, against a typical +3.3% across the 63 Kentucky ZIP codes Zillow tracks.