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ZIP Code · KY

ZIP 40243

Pop. 12,002·Jefferson County·10th most expensive ZIP in Kentucky
Median rent (all units)
$1,716/mo
Year-over-Year
+19.5%
Month-over-Month
+2.8%
vs US Median
-$249
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 40243 · $1,716
More affordable than 57% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$20,592/yr
At $1,716/mo median
Location
StateKY
CountyJefferson County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 19.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+19.5% YoY, +2.8% MoM), not inventory.
Demographics

Who lives here

ZIP 40243 (Louisville, KY) is majority owner-occupied, has a large retiree population, 54.9% of residents hold a bachelor's degree or higher.

Population
12,002
Median income
$77,587
Median age
48
Renters
36.9%
Age distribution
19.3%
19.1%
21.1%
14%
26.5%
Under 1819.3%
18–3419.1%
35–5421.1%
55–6414%
65+26.5%
Gender
45.9%
54.1%
Male45.9%
Female54.1%
Race & ethnicity
79%
White79%
Black6.3%
Hispanic6.8%
Asian3.7%
Other4.2%
Education (25+)
13.5%
28.7%
54.9%
No HS diploma2.9%
HS diploma13.5%
Some college28.7%
Bachelor's+54.9%
Housing tenure
63.1%
36.9%
Owner63.1%
Renter36.9%

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

2021 vs 2026

How ZIP 40243 in Louisville, KY has changed in 5 years

Income
$79,037 → $77,587
down 1.8%
Population
11,953 → 12,002
up 0.4%
Renter share
34.2% → 36.9%
+2.7 pts
Bachelor's+
49.5% → 54.9%
+5.4 pts

Household income in the area moved from $79,037 to $77,587 across the same window, down 1.8% versus 2021. Renters now make up 36.9% of households, compared with 34.2% five years ago. College-educated residents now make up 54.9% of adults here, versus 49.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 40243

About renting in ZIP 40243

Last updated: July 20, 2026

ZIP code 40243 covers Louisville, KY. The median rent here is $1,716/mo as of July 2026. A 1-bedroom rents for a median of $1,230/mo. A 2-bedroom rents for a median of $1,490/mo.

At 27% of local median household income ($77,587/yr), ZIP 40243 ranks as affordable compared to the national benchmark of 30%. Rents have increased 19.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40243?

As of July 20, 2026, the median monthly rent in ZIP 40243 (Louisville, KY) is $1,716. This is based on aggregated data from public sources and community submissions.

How does ZIP 40243 rent compare to the US average?

ZIP 40243's median rent of $1,716/mo is $249 (13%) below the US national median of $1,965/mo.

How does ZIP 40243 compare to other ZIPs in Kentucky?

ZIP 40243 is one of the pricier ZIP codes in Kentucky, ranking #10 out of 83 ZIPs tracked at $1,716/mo.

How much income do you need to rent in ZIP 40243?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,716/mo in ZIP 40243. The local median household income is $77,587/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40243?

Rent in ZIP 40243 has increased 19.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 40243 an affordable place to rent?

ZIP 40243 is considered affordable for renters. At $1,716/mo, rent takes approximately 27% of the local median household income ($77,587/yr). The standard benchmark is 30%. ZIP 40243 falls comfortably within that range.

What percentage of ZIP 40243 residents rent vs. own?

According to Census data, approximately 36.9% of ZIP 40243 households are renters, while 63.1% are owner-occupied. ZIP 40243 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40243 compare to the rest of Louisville?

ZIP 40243 is pricier than Louisville as a whole. At $1,716/mo, it's $322 above the Louisville citywide median of $1,394/mo.

When was rent data for ZIP 40243 last updated?

Rent data for ZIP 40243 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,716/mo, rent takes ~27% of ZIP 40243's median household income ($77,587/yr). The standard benchmark is 30%.

ZIP 40243 27%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40243 (Louisville, KY)

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