ZIP Code · KY

ZIP 40342

Part of Lawrenceburg, KY

Pop. 23,963·Anderson County·53rd most expensive ZIP in Kentucky

Median rent (all units)

$1,284/mo

Year-over-Year

Stable

Month-over-Month

+3.0%

vs US Median

-$648

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 40342 · $1,284

More affordable than 87% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$840

1 BR

$950

2 BR

$1,040

3 BR

$1,320

4 BR+

$1,480

Research median

$1,040/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

What a typical income covers

30% of the median household income ($74,408) is $1,860 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,480).

From Zillow's monthly rent index (ZORI) for ZIP 40342. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,408/yr

At $1,284/mo median

Location

CityLawrenceburg

StateKY

CountyAnderson County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +3.0% MoM), not inventory.

Demographics

Who lives here

ZIP 40342 (Lawrenceburg, KY) is majority owner-occupied, 26.3% of residents hold a bachelor's degree or higher.

Population

23,963

Median income

$74,408

Median age

41.6

Renters

22.6%

Age distribution

23.3%

19.4%

26.2%

14.2%

16.8%

Under 1823.3%

18–3419.4%

35–5426.2%

55–6414.2%

65+16.8%

Gender

50.2%

49.8%

Male50.2%

Female49.8%

Race & ethnicity

92.4%

White92.4%

Black2.2%

Hispanic2.7%

Other2.4%

Education (25+)

32.3%

31.9%

26.3%

No HS diploma9.4%

HS diploma32.3%

Some college31.9%

Bachelor's+26.3%

Housing tenure

77.4%

22.6%

Owner77.4%

Renter22.6%

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

2021 vs 2026

How ZIP 40342 in Lawrenceburg, KY has changed in 5 years

Income

$60,028 → $74,408

up 24.0%

Population

23,073 → 23,963

up 3.9%

Renter share

21.1% → 22.6%

+1.5 pts

Bachelor's+

25.4% → 26.3%

+0.9 pts

Census figures show median household income at $74,408 today, compared with $60,028 five years earlier. The population has grown by 3.9% since 2021, moving from about 23,073 residents to roughly 23,963. Renters now make up 22.6% of households, compared with 21.1% five years ago.

Community

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Local insights

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About renting in ZIP 40342

Last updated: October 17, 2026

ZIP code 40342 covers Lawrenceburg, KY. The median rent here is $1,284/mo as of October 2026. A 1-bedroom rents for a median of $950/mo. A 2-bedroom rents for a median of $1,040/mo.

At 21% of local median household income ($74,408/yr), ZIP 40342 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 40342?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (about $25/hour full-time) to afford the median rent of $1,284/mo in ZIP 40342. The local median household income is $74,408/yr, so the typical household meets that bar.