ZIP Code · KY

ZIP 40245

Part of Louisville, KY

Pop. 39,835·Jefferson County·12th most expensive ZIP in Kentucky

Median rent (all units)

$1,712/mo

Year-over-Year

+2.5%

Month-over-Month

-0.2%

vs US Median

-$220

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 40245 · $1,712

More affordable than 57% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 40245 is 0.2% below its high of $1,716 in August 2026, at $1,712 as of September 2026.

Past year vs. the rest of Kentucky

Rent in ZIP 40245 changed +2.5% over the year to September 2026. Across the 63 Kentucky ZIP codes Zillow tracks, the typical change was +3.3%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($122,948) is $3,074 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,680).

Rank in Louisville

29th cheapest of 29 ZIP codes in Louisville.

Cheaper nearby

ZIP 40242, 8 miles away, rents for 15% less ($1,448/mo), about $3,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 40245. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,544/yr

At $1,712/mo median

Location

CityLouisville

StateKY

CountyJefferson County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.5% YoY, -0.2% 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

2023 vs 2026

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

Rent

$1,544 → $1,712

up 10.9%

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

The median rent in ZIP 40245 in Louisville, KY stood at $1,544 in 2023 and currently runs about $1,712, reflecting a 10.9% increase over the period. 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. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

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Local insights

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About renting in ZIP 40245

Last updated: October 17, 2026

ZIP code 40245 covers Louisville, KY. The median rent here is $1,712/mo as of October 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,800/mo.

At 17% of local median household income ($122,948/yr), ZIP 40245 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

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 $68,000/year (about $33/hour full-time) to afford the median rent of $1,712/mo in ZIP 40245. The local median household income is $122,948/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 40245?

Rent in ZIP 40245 has risen 2.5% over the past year as of September 2026. It sits 0.2% below its high of $1,716 in August 2026.

How does ZIP 40245 compare to other ZIPs in Kentucky?

ZIP 40245 is one of the pricier among Kentucky ZIP codes for rent, ranking #12 of 78 at $1,712/mo. Over the year to September 2026, rent in ZIP 40245 changed +2.5%, against a typical +3.3% across the 63 Kentucky ZIP codes Zillow tracks.