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ZIP Code · KY

ZIP 40361

Part of Paris, KY
Pop. 18,361·Bourbon County·78th most expensive ZIP in Kentucky
Median rent (all units)
$1,023/mo
Year-over-Year
Stable
Month-over-Month
-6.7%
vs US Median
-$942
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 40361 · $1,023
More affordable than 97% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$720
1 BR
$890
2 BR
$1,050
3 BR
$1,430
4 BR+
$1,610
Research median
$1,050/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
$12,276/yr
At $1,023/mo median
Location
CityParis
StateKY
CountyBourbon County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -6.7% MoM), not inventory.
Demographics

Who lives here

ZIP 40361 (Paris, KY) is majority owner-occupied, has a median income below the national average, 26.6% of residents hold a bachelor's degree or higher.

Population
18,361
Median income
$63,333
Median age
40.4
Renters
35.7%
Age distribution
23.5%
21%
22.7%
13.9%
18.9%
Under 1823.5%
18–3421%
35–5422.7%
55–6413.9%
65+18.9%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
84.4%
White84.4%
Black5.1%
Hispanic8.5%
Other1.8%
Education (25+)
35.3%
27%
26.6%
No HS diploma11.2%
HS diploma35.3%
Some college27%
Bachelor's+26.6%
Housing tenure
64.3%
35.7%
Owner64.3%
Renter35.7%

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

2021 vs 2026

How ZIP 40361 in Paris, KY has changed in 5 years

Income
$55,719 → $63,333
up 13.7%
Population
18,280 → 18,361
up 0.4%
Renter share
36.1% → 35.7%
-0.4 pts
Bachelor's+
23.5% → 26.6%
+3.1 pts
Median age
39.8 → 40.4
+0.6 yrs

Census figures show median household income at $63,333 today, compared with $55,719 five years earlier. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 23.5% to 26.6%.

Community

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Local insights

Tips for renters in ZIP 40361

About renting in ZIP 40361

Last updated: July 20, 2026

ZIP code 40361 covers Paris, KY. The median rent here is $1,023/mo as of July 2026. A 1-bedroom rents for a median of $890/mo. A 2-bedroom rents for a median of $1,050/mo.

At 19% of local median household income ($63,333/yr), ZIP 40361 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 is rent in ZIP code 40361?

As of July 20, 2026, the median monthly rent in ZIP 40361 (Paris, KY) is $1,023. This is based on aggregated data from public sources and community submissions.

How does ZIP 40361 rent compare to the US average?

ZIP 40361's median rent of $1,023/mo is $942 (48%) below the US national median of $1,965/mo.

How does ZIP 40361 compare to other ZIPs in Kentucky?

ZIP 40361 is among the more affordable ZIP codes in Kentucky, ranking #78 out of 83 ZIPs at $1,023/mo.

How much income do you need to rent in ZIP 40361?

To keep rent at or below 30% of gross income, you would need to earn at least $41,000/year (~$20/hour full-time) to afford the median rent of $1,023/mo in ZIP 40361. The local median household income is $63,333/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40361?

Rent in ZIP 40361 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 40361 an affordable place to rent?

ZIP 40361 is considered very affordable for renters. At $1,023/mo, rent takes approximately 19% of the local median household income ($63,333/yr). The standard benchmark is 30%. ZIP 40361 falls comfortably within that range.

What percentage of ZIP 40361 residents rent vs. own?

According to Census data, approximately 35.7% of ZIP 40361 households are renters, while 64.3% are owner-occupied. ZIP 40361 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40361 compare to the rest of Paris?

ZIP 40361 sits right at the Paris citywide median of $1,023/mo.

When was rent data for ZIP 40361 last updated?

Rent data for ZIP 40361 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,023/mo, rent takes ~19% of ZIP 40361's median household income ($63,333/yr). The standard benchmark is 30%.

ZIP 40361 19%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40361 (Paris, KY)

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