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ZIP Code · KY

ZIP 40245

Pop. 39,835·Jefferson County·11th most expensive ZIP in Kentucky
Median rent (all units)
$1,659/mo
Year-over-Year
+4.6%
Month-over-Month
+3.2%
vs US Median
-$306
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 40245 · $1,659
More affordable than 62% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,380
1 BR
$1,490
2 BR
$1,800
3 BR
$2,300
4 BR+
$2,680
Research median
$1,800/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
$19,908/yr
At $1,659/mo median
Location
StateKY
CountyJefferson County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.6% YoY, +3.2% MoM), not inventory.
Demographics

Who lives here

ZIP 40245 (Louisville, KY) is majority owner-occupied, has a median income above the national average, 59.3% of residents hold a bachelor's degree or higher.

Population
39,835
Median income
$122,948
Median age
40.8
Renters
23%
Age distribution
22.4%
19.5%
28.6%
12.6%
16.9%
Under 1822.4%
18–3419.5%
35–5428.6%
55–6412.6%
65+16.9%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
75.4%
White75.4%
Black8%
Hispanic5.7%
Asian7.3%
Other3.6%
Education (25+)
12.7%
24.3%
59.3%
No HS diploma3.7%
HS diploma12.7%
Some college24.3%
Bachelor's+59.3%
Housing tenure
77%
23%
Owner77%
Renter23%

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

2021 vs 2026

How ZIP 40245 in Louisville, KY has changed in 5 years

Income
$111,250 → $122,948
up 10.5%
Population
37,503 → 39,835
up 6.2%
Renter share
21.3% → 23%
+1.7 pts
Bachelor's+
61.3% → 59.3%
-2.0 pts

Census figures show median household income at $122,948 today, compared with $111,250 five years earlier. The population has grown by 6.2% since 2021, moving from about 37,503 residents to roughly 39,835. Renters now make up 23% of households, compared with 21.3% five years ago. College-educated residents now make up 59.3% of adults here, versus 61.3% in 2021.

Community

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Local insights

Tips for renters in ZIP 40245

About renting in ZIP 40245

Last updated: July 20, 2026

ZIP code 40245 covers Louisville, KY. The median rent here is $1,659/mo as of July 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,800/mo.

At 16% of local median household income ($122,948/yr), ZIP 40245 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40245?

As of July 20, 2026, the median monthly rent in ZIP 40245 (Louisville, KY) is $1,659. This is based on aggregated data from public sources and community submissions.

How does ZIP 40245 rent compare to the US average?

ZIP 40245's median rent of $1,659/mo is $306 (16%) below the US national median of $1,965/mo.

How does ZIP 40245 compare to other ZIPs in Kentucky?

ZIP 40245 is one of the pricier ZIP codes in Kentucky, ranking #11 out of 83 ZIPs tracked at $1,659/mo.

How much income do you need to rent in ZIP 40245?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,659/mo in ZIP 40245. The local median household income is $122,948/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40245?

Rent in ZIP 40245 has increased 4.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 40245 an affordable place to rent?

ZIP 40245 is considered very affordable for renters. At $1,659/mo, rent takes approximately 16% of the local median household income ($122,948/yr). The standard benchmark is 30%. ZIP 40245 falls comfortably within that range.

What percentage of ZIP 40245 residents rent vs. own?

According to Census data, approximately 23% of ZIP 40245 households are renters, while 77% are owner-occupied. ZIP 40245 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40245 compare to the rest of Louisville?

ZIP 40245 is pricier than Louisville as a whole. At $1,659/mo, it's $265 above the Louisville citywide median of $1,394/mo.

When was rent data for ZIP 40245 last updated?

Rent data for ZIP 40245 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
16%
VERY AFFORDABLE

At $1,659/mo, rent takes ~16% of ZIP 40245's median household income ($122,948/yr). The standard benchmark is 30%.

ZIP 40245 16%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40245 (Louisville, KY)

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