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ZIP Code · KY

ZIP 40229

Pop. 41,299·Jefferson County·31st most expensive ZIP in Kentucky
Median rent (all units)
$1,467/mo
Year-over-Year
+3.6%
Month-over-Month
-4.2%
vs US Median
-$463
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 40229 · $1,467
More affordable than 75% of US ZIP codes · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$1,130
1 BR
$1,230
2 BR
$1,490
3 BR
$1,900
4 BR+
$2,210
Research median
$1,490/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: May 18, 2026

Annual cost
$17,604/yr
At $1,467/mo median
Location
StateKY
CountyJefferson County
Demographics

Who lives here

ZIP 40229 (Louisville, KY) is majority owner-occupied, 22.9% of residents hold a bachelor's degree or higher.

Population
41,299
Median income
$79,936
Median age
36.2
Renters
28.2%
Age distribution
23.9%
24.1%
29.5%
12.5%
Under 1823.9%
18–3424.1%
35–5429.5%
55–6410%
65+12.5%
Gender
50.8%
49.2%
Male50.8%
Female49.2%
Race & ethnicity
66.5%
13.3%
14.5%
White66.5%
Black13.3%
Hispanic14.5%
Asian1.7%
Other4%
Education (25+)
33.4%
32%
22.9%
No HS diploma11.7%
HS diploma33.4%
Some college32%
Bachelor's+22.9%
Housing tenure
71.8%
28.2%
Owner71.8%
Renter28.2%

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

2021 vs 2026

How ZIP 40229 in Louisville, KY has changed in 5 years

Income
$68,309 → $79,936
up 17.0%
Population
39,658 → 41,299
up 4.1%
Renter share
26.6% → 28.2%
+1.6 pts
Bachelor's+
18.4% → 22.9%
+4.5 pts
Median age
35.7 → 36.2
+0.5 yrs

Household income in the area moved from $68,309 to $79,936 across the same window, up 17.0% versus 2021. Headcount in the area went from 39,658 to 41,299 between 2021 and 2024, a 4.1% change. About 28.2% of households rent today, against 26.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 18.4% to 22.9%.

Community

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Local insights

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About renting in ZIP 40229

Last updated: May 18, 2026

ZIP code 40229 covers Louisville, KY. The median rent here is $1,467/mo as of May 2026. A 1-bedroom rents for a median of $1,230/mo. A 2-bedroom rents for a median of $1,490/mo.

At 22% of local median household income ($79,936/yr), ZIP 40229 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40229?

As of May 18, 2026, the median monthly rent in ZIP 40229 (Louisville, KY) is $1,467. This is based on aggregated data from public sources and community submissions.

How does ZIP 40229 rent compare to the US average?

ZIP 40229's median rent of $1,467/mo is $463 (24%) below the US national median of $1,930/mo.

How does ZIP 40229 compare to other ZIPs in Kentucky?

ZIP 40229 falls in the middle range for Kentucky, ranking #31 out of 72 ZIPs at $1,467/mo.

How much income do you need to rent in ZIP 40229?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (~$28/hour full-time) to afford the median rent of $1,467/mo in ZIP 40229. The local median household income is $79,936/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40229?

Rent in ZIP 40229 has increased 3.6% over the past year as of May 18, 2026, putting upward pressure on renter budgets.

Is ZIP 40229 an affordable place to rent?

ZIP 40229 is considered very affordable for renters. At $1,467/mo, rent takes approximately 22% of the local median household income ($79,936/yr). The standard benchmark is 30%. ZIP 40229 falls comfortably within that range.

What percentage of ZIP 40229 residents rent vs. own?

According to Census data, approximately 28.2% of ZIP 40229 households are renters, while 71.8% are owner-occupied. ZIP 40229 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40229 compare to the rest of Louisville?

ZIP 40229 is pricier than Louisville as a whole. At $1,467/mo, it's $90 above the Louisville citywide median of $1,377/mo.

When was rent data for ZIP 40229 last updated?

Rent data for ZIP 40229 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Affordability
22%
VERY AFFORDABLE

At $1,467/mo, rent takes ~22% of ZIP 40229's median household income ($79,936/yr). The standard benchmark is 30%.

ZIP 40229 22%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40229 (Louisville, KY)

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