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ZIP Code · KY

ZIP 40216

Pop. 44,047·Jefferson County·75th most expensive ZIP in Kentucky
Median rent (all units)
$1,057/mo
Year-over-Year
-11.1%
Month-over-Month
+7.4%
vs US Median
-$908
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 40216 · $1,057
More affordable than 96% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$820
1 BR
$890
2 BR
$1,080
3 BR
$1,390
4 BR+
$1,610
Research median
$1,080/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
$12,684/yr
At $1,057/mo median
Location
StateKY
CountyJefferson County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (11.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-11.1% YoY, +7.4% MoM), not inventory.
Demographics

Who lives here

ZIP 40216 (Louisville, KY) is majority owner-occupied, has a median income below the national average, 13.8% of residents hold a bachelor's degree or higher.

Population
44,047
Median income
$56,441
Median age
38.9
Renters
33.9%
Age distribution
23.6%
19.9%
24.3%
15.2%
17.1%
Under 1823.6%
18–3419.9%
35–5424.3%
55–6415.2%
65+17.1%
Gender
46.9%
53.1%
Male46.9%
Female53.1%
Race & ethnicity
43.2%
42.7%
White43.2%
Black42.7%
Hispanic7.4%
Asian1.4%
Other5.3%
Education (25+)
14.1%
40.8%
31.2%
13.8%
No HS diploma14.1%
HS diploma40.8%
Some college31.2%
Bachelor's+13.8%
Housing tenure
66.1%
33.9%
Owner66.1%
Renter33.9%

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

2021 vs 2026

How ZIP 40216 in Louisville, KY has changed in 5 years

Rent
$889 → $1,057
up 18.9%
Income
$47,575 → $56,441
up 18.6%
Population
43,749 → 44,047
up 0.7%
Renter share
38.3% → 33.9%
-4.4 pts
Bachelor's+
15% → 13.8%
-1.2 pts
Median age
37.8 → 38.9
+1.1 yrs

The median rent in ZIP 40216 in Louisville, KY stood at $889 in 2021 and currently runs about $1,057, reflecting a 18.9% increase over the period. Local incomes tracked alongside that move, going from a median of $47,575 in 2021 to $56,441 more recently. Renters now make up 33.9% of households, compared with 38.3% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 40216 in Louisville, KY market of 2021.

Community

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Local insights

Tips for renters in ZIP 40216

About renting in ZIP 40216

Last updated: July 20, 2026

ZIP code 40216 covers Louisville, KY. The median rent here is $1,057/mo as of July 2026. A 1-bedroom rents for a median of $890/mo. A 2-bedroom rents for a median of $1,080/mo.

At 22% of local median household income ($56,441/yr), ZIP 40216 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 11.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40216?

As of July 20, 2026, the median monthly rent in ZIP 40216 (Louisville, KY) is $1,057. This is based on aggregated data from public sources and community submissions.

How does ZIP 40216 rent compare to the US average?

ZIP 40216's median rent of $1,057/mo is $908 (46%) below the US national median of $1,965/mo.

How does ZIP 40216 compare to other ZIPs in Kentucky?

ZIP 40216 is among the more affordable ZIP codes in Kentucky, ranking #75 out of 83 ZIPs at $1,057/mo.

How much income do you need to rent in ZIP 40216?

To keep rent at or below 30% of gross income, you would need to earn at least $42,000/year (~$20/hour full-time) to afford the median rent of $1,057/mo in ZIP 40216. The local median household income is $56,441/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40216?

Rent in ZIP 40216 has decreased 11.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 40216 an affordable place to rent?

ZIP 40216 is considered very affordable for renters. At $1,057/mo, rent takes approximately 22% of the local median household income ($56,441/yr). The standard benchmark is 30%. ZIP 40216 falls comfortably within that range.

What percentage of ZIP 40216 residents rent vs. own?

According to Census data, approximately 33.9% of ZIP 40216 households are renters, while 66.1% are owner-occupied. ZIP 40216 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40216 compare to the rest of Louisville?

ZIP 40216 is more affordable than Louisville overall. At $1,057/mo, it's $337 below the Louisville citywide median of $1,394/mo.

When was rent data for ZIP 40216 last updated?

Rent data for ZIP 40216 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,057/mo, rent takes ~22% of ZIP 40216's median household income ($56,441/yr). The standard benchmark is 30%.

ZIP 40216 22%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40216 (Louisville, KY)

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