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ZIP Code · KY

ZIP 40241

Pop. 30,696·Jefferson County·28th most expensive ZIP in Kentucky
Median rent (all units)
$1,534/mo
Year-over-Year
+6.5%
Month-over-Month
-0.4%
vs US Median
-$431
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 40241 · $1,534
More affordable than 71% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,270
1 BR
$1,370
2 BR
$1,670
3 BR
$2,130
4 BR+
$2,480
Research median
$1,670/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
$18,408/yr
At $1,534/mo median
Location
StateKY
CountyJefferson County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (6.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+6.5% YoY, -0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 40241 (Louisville, KY) is majority owner-occupied, has a large retiree population, has a median income above the national average, 57.8% of residents hold a bachelor's degree or higher.

Population
30,696
Median income
$94,078
Median age
42.1
Renters
28.3%
Age distribution
20.5%
21.5%
21.5%
14.5%
22.1%
Under 1820.5%
18–3421.5%
35–5421.5%
55–6414.5%
65+22.1%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
73.1%
White73.1%
Black9.9%
Hispanic6.8%
Asian5.5%
Other4.7%
Education (25+)
13.5%
25.7%
57.8%
No HS diploma3%
HS diploma13.5%
Some college25.7%
Bachelor's+57.8%
Housing tenure
71.7%
28.3%
Owner71.7%
Renter28.3%

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

2021 vs 2026

How ZIP 40241 in Louisville, KY has changed in 5 years

Rent
$1,190 → $1,534
up 28.9%
Income
$88,147 → $94,078
up 6.7%
Population
30,189 → 30,696
up 1.7%
Renter share
30.2% → 28.3%
-1.9 pts
Bachelor's+
56.2% → 57.8%
+1.6 pts
Median age
41.4 → 42.1
+0.7 yrs

Rent in ZIP 40241 in Louisville, KY has climbed 28.9% since 2021, going from about $1,190 per month to roughly $1,534 today. On the earnings side, the typical household in ZIP 40241 in Louisville, KY now reports about $94,078, up from $88,147 in 2021. Rent outpaced income growth by roughly 22.2 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 30,189 to 30,696 between 2021 and 2024, a 1.7% change. About 28.3% of households rent today, against 30.2% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 40241 in Louisville, KY reflects that arc in its own way.

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Local insights

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About renting in ZIP 40241

Last updated: July 20, 2026

ZIP code 40241 covers Louisville, KY. The median rent here is $1,534/mo as of July 2026. A 1-bedroom rents for a median of $1,370/mo. A 2-bedroom rents for a median of $1,670/mo.

At 20% of local median household income ($94,078/yr), ZIP 40241 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40241?

As of July 20, 2026, the median monthly rent in ZIP 40241 (Louisville, KY) is $1,534. This is based on aggregated data from public sources and community submissions.

How does ZIP 40241 rent compare to the US average?

ZIP 40241's median rent of $1,534/mo is $431 (22%) below the US national median of $1,965/mo.

How does ZIP 40241 compare to other ZIPs in Kentucky?

ZIP 40241 is one of the pricier ZIP codes in Kentucky, ranking #28 out of 83 ZIPs tracked at $1,534/mo.

How much income do you need to rent in ZIP 40241?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,534/mo in ZIP 40241. The local median household income is $94,078/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40241?

Rent in ZIP 40241 has increased 6.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 40241 an affordable place to rent?

ZIP 40241 is considered very affordable for renters. At $1,534/mo, rent takes approximately 20% of the local median household income ($94,078/yr). The standard benchmark is 30%. ZIP 40241 falls comfortably within that range.

What percentage of ZIP 40241 residents rent vs. own?

According to Census data, approximately 28.3% of ZIP 40241 households are renters, while 71.7% are owner-occupied. ZIP 40241 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40241 compare to the rest of Louisville?

ZIP 40241 is pricier than Louisville as a whole. At $1,534/mo, it's $140 above the Louisville citywide median of $1,394/mo.

When was rent data for ZIP 40241 last updated?

Rent data for ZIP 40241 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,534/mo, rent takes ~20% of ZIP 40241's median household income ($94,078/yr). The standard benchmark is 30%.

ZIP 40241 20%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40241 (Louisville, KY)

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