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ZIP Code · KY

ZIP 40223

Pop. 22,798·Jefferson County·14th most expensive ZIP in Kentucky
Median rent (all units)
$1,622/mo
Year-over-Year
+6.7%
Month-over-Month
-0.7%
vs US Median
-$343
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 40223 · $1,622
More affordable than 65% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,250
1 BR
$1,350
2 BR
$1,640
3 BR
$2,090
4 BR+
$2,440
Research median
$1,640/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
$19,464/yr
At $1,622/mo median
Location
StateKY
CountyJefferson County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (6.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+6.7% YoY, -0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 40223 (Louisville, KY) is majority owner-occupied, has a large retiree population, has a median income above the national average, 57% of residents hold a bachelor's degree or higher.

Population
22,798
Median income
$96,607
Median age
43.1
Renters
27.5%
Age distribution
21.7%
16.6%
25.6%
12.7%
23.5%
Under 1821.7%
18–3416.6%
35–5425.6%
55–6412.7%
65+23.5%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
80.1%
White80.1%
Black8.4%
Hispanic4%
Asian3.6%
Other3.9%
Education (25+)
15%
25.8%
57%
No HS diploma2.2%
HS diploma15%
Some college25.8%
Bachelor's+57%
Housing tenure
72.5%
27.5%
Owner72.5%
Renter27.5%

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

2021 vs 2026

How ZIP 40223 in Louisville, KY has changed in 5 years

Rent
$1,160 → $1,622
up 39.8%
Income
$91,647 → $96,607
up 5.4%
Population
23,739 → 22,798
down 4.0%
Renter share
27.1% → 27.5%
+0.4 pts
Bachelor's+
57.1% → 57%
-0.1 pts

Rent in ZIP 40223 in Louisville, KY has climbed 39.8% since 2021, going from about $1,160 per month to roughly $1,622 today. Median household income grew from $91,647 to $96,607 between 2021 and 2024, a 5.4% shift. Rent outpaced income growth by roughly 34.4 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 23,739 to 22,798 between 2021 and 2024, a 4.0% change. Taken together, the five-year picture in ZIP 40223 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

Tips for renters in ZIP 40223

About renting in ZIP 40223

Last updated: July 20, 2026

ZIP code 40223 covers Louisville, KY. The median rent here is $1,622/mo as of July 2026. A 1-bedroom rents for a median of $1,350/mo. A 2-bedroom rents for a median of $1,640/mo.

At 20% of local median household income ($96,607/yr), ZIP 40223 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40223?

As of July 20, 2026, the median monthly rent in ZIP 40223 (Louisville, KY) is $1,622. This is based on aggregated data from public sources and community submissions.

How does ZIP 40223 rent compare to the US average?

ZIP 40223's median rent of $1,622/mo is $343 (17%) below the US national median of $1,965/mo.

How does ZIP 40223 compare to other ZIPs in Kentucky?

ZIP 40223 is one of the pricier ZIP codes in Kentucky, ranking #14 out of 83 ZIPs tracked at $1,622/mo.

How much income do you need to rent in ZIP 40223?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,622/mo in ZIP 40223. The local median household income is $96,607/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40223?

Rent in ZIP 40223 has increased 6.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 40223 an affordable place to rent?

ZIP 40223 is considered very affordable for renters. At $1,622/mo, rent takes approximately 20% of the local median household income ($96,607/yr). The standard benchmark is 30%. ZIP 40223 falls comfortably within that range.

What percentage of ZIP 40223 residents rent vs. own?

According to Census data, approximately 27.5% of ZIP 40223 households are renters, while 72.5% are owner-occupied. ZIP 40223 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40223 compare to the rest of Louisville?

ZIP 40223 is pricier than Louisville as a whole. At $1,622/mo, it's $228 above the Louisville citywide median of $1,394/mo.

When was rent data for ZIP 40223 last updated?

Rent data for ZIP 40223 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,622/mo, rent takes ~20% of ZIP 40223's median household income ($96,607/yr). The standard benchmark is 30%.

ZIP 40223 20%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40223 (Louisville, KY)

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