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ZIP Code · KY

ZIP 40242

Pop. 11,168·Jefferson County·56th most expensive ZIP in Kentucky
Median rent (all units)
$1,314/mo
Year-over-Year
+8.3%
Month-over-Month
+1.5%
vs US Median
-$651
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 40242 · $1,314
More affordable than 86% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,120
1 BR
$1,210
2 BR
$1,470
3 BR
$1,880
4 BR+
$2,180
Research median
$1,470/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
$15,768/yr
At $1,314/mo median
Location
StateKY
CountyJefferson County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.3% YoY, +1.5% MoM), not inventory.
Demographics

Who lives here

ZIP 40242 (Louisville, KY) is majority owner-occupied, has a large retiree population, 47.9% of residents hold a bachelor's degree or higher.

Population
11,168
Median income
$75,417
Median age
37.5
Renters
32.9%
Age distribution
23.6%
23.5%
21.3%
20.8%
Under 1823.6%
18–3423.5%
35–5421.3%
55–6410.8%
65+20.8%
Gender
46.6%
53.4%
Male46.6%
Female53.4%
Race & ethnicity
75.4%
12.3%
White75.4%
Black12.3%
Hispanic4.2%
Asian5%
Other3.1%
Education (25+)
18.7%
28.1%
47.9%
No HS diploma5.3%
HS diploma18.7%
Some college28.1%
Bachelor's+47.9%
Housing tenure
67.1%
32.9%
Owner67.1%
Renter32.9%

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

2021 vs 2026

How ZIP 40242 in Louisville, KY has changed in 5 years

Income
$76,534 → $75,417
down 1.5%
Population
10,982 → 11,168
up 1.7%
Renter share
29.6% → 32.9%
+3.3 pts
Bachelor's+
46.2% → 47.9%
+1.7 pts
Median age
38.2 → 37.5
-0.7 yrs

Local incomes tracked alongside that move, going from a median of $76,534 in 2021 to $75,417 more recently. Census counts show ZIP 40242 in Louisville, KY adding about 186 residents over the five-year window, up 1.7% on net. The renter share has risen from 29.6% to 32.9%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

Tips for renters in ZIP 40242

About renting in ZIP 40242

Last updated: July 20, 2026

ZIP code 40242 covers Louisville, KY. The median rent here is $1,314/mo as of July 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,470/mo.

At 21% of local median household income ($75,417/yr), ZIP 40242 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40242?

As of July 20, 2026, the median monthly rent in ZIP 40242 (Louisville, KY) is $1,314. This is based on aggregated data from public sources and community submissions.

How does ZIP 40242 rent compare to the US average?

ZIP 40242's median rent of $1,314/mo is $651 (33%) below the US national median of $1,965/mo.

How does ZIP 40242 compare to other ZIPs in Kentucky?

ZIP 40242 is among the more affordable ZIP codes in Kentucky, ranking #56 out of 83 ZIPs at $1,314/mo.

How much income do you need to rent in ZIP 40242?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,314/mo in ZIP 40242. The local median household income is $75,417/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40242?

Rent in ZIP 40242 has increased 8.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 40242 an affordable place to rent?

ZIP 40242 is considered very affordable for renters. At $1,314/mo, rent takes approximately 21% of the local median household income ($75,417/yr). The standard benchmark is 30%. ZIP 40242 falls comfortably within that range.

What percentage of ZIP 40242 residents rent vs. own?

According to Census data, approximately 32.9% of ZIP 40242 households are renters, while 67.1% are owner-occupied. ZIP 40242 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40242 compare to the rest of Louisville?

ZIP 40242 is more affordable than Louisville overall. At $1,314/mo, it's $80 below the Louisville citywide median of $1,394/mo.

When was rent data for ZIP 40242 last updated?

Rent data for ZIP 40242 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,314/mo, rent takes ~21% of ZIP 40242's median household income ($75,417/yr). The standard benchmark is 30%.

ZIP 40242 21%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40242 (Louisville, KY)

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