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ZIP Code · KY

ZIP 40601

Pop. 51,893·Franklin County·74th most expensive ZIP in Kentucky
Median rent (all units)
$1,078/mo
Year-over-Year
+2.2%
Month-over-Month
-4.2%
vs US Median
-$873
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 40601 · $1,078
More affordable than 96% of US ZIP codes · National median $1,951/mo
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Medians by bedroom

Rent by unit size

Studio
$800
1 BR
$880
2 BR
$1,090
3 BR
$1,420
4 BR+
$1,690
Research median
$1,090/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: June 22, 2026

Annual cost
$12,936/yr
At $1,078/mo median
Location
StateKY
CountyFranklin County
Demographics

Who lives here

ZIP 40601 (Frankfort, KY) is majority owner-occupied, has a median income below the national average, 31.9% of residents hold a bachelor's degree or higher.

Population
51,893
Median income
$65,732
Median age
41
Renters
35.3%
Age distribution
20.9%
21.8%
25.1%
13.1%
19.1%
Under 1820.9%
18–3421.8%
35–5425.1%
55–6413.1%
65+19.1%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
81.1%
White81.1%
Black9.3%
Hispanic4.4%
Asian1.8%
Other3.5%
Education (25+)
29.9%
30.9%
31.9%
No HS diploma7.3%
HS diploma29.9%
Some college30.9%
Bachelor's+31.9%
Housing tenure
64.7%
35.3%
Owner64.7%
Renter35.3%

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

2021 vs 2026

How ZIP 40601 in Frankfort, KY has changed in 5 years

Rent
$796 → $1,078
up 35.4%
Income
$59,667 → $65,732
up 10.2%
Population
51,377 → 51,893
up 1.0%
Renter share
37.3% → 35.3%
-2.0 pts
Bachelor's+
29.3% → 31.9%
+2.6 pts

Five years ago, renters in ZIP 40601 in Frankfort, KY paid around $796 a month. That figure now sits near $1,078, up 35.4% from the 2021 baseline. Census figures show median household income at $65,732 today, compared with $59,667 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 40601 in Frankfort, KY adding about 516 residents over the five-year window, up 1.0% on net. The renter share has eased from 37.3% to 35.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 29.3% to 31.9% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 40601

Last updated: June 22, 2026

ZIP code 40601 covers Frankfort, KY. The median rent here is $1,078/mo as of June 2026. A 1-bedroom rents for a median of $880/mo. A 2-bedroom rents for a median of $1,090/mo.

At 20% of local median household income ($65,732/yr), ZIP 40601 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 40601?

As of June 22, 2026, the median monthly rent in ZIP 40601 (Frankfort, KY) is $1,078. This is based on aggregated data from public sources and community submissions.

How does ZIP 40601 rent compare to the US average?

ZIP 40601's median rent of $1,078/mo is $873 (45%) below the US national median of $1,951/mo.

How does ZIP 40601 compare to other ZIPs in Kentucky?

ZIP 40601 is among the more affordable ZIP codes in Kentucky, ranking #74 out of 81 ZIPs at $1,078/mo.

How much income do you need to rent in ZIP 40601?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (~$21/hour full-time) to afford the median rent of $1,078/mo in ZIP 40601. The local median household income is $65,732/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 40601?

Rent in ZIP 40601 has increased 2.2% over the past year as of June 22, 2026, putting upward pressure on renter budgets.

Is ZIP 40601 an affordable place to rent?

ZIP 40601 is considered very affordable for renters. At $1,078/mo, rent takes approximately 20% of the local median household income ($65,732/yr). The standard benchmark is 30%. ZIP 40601 falls comfortably within that range.

What percentage of ZIP 40601 residents rent vs. own?

According to Census data, approximately 35.3% of ZIP 40601 households are renters, while 64.7% are owner-occupied. ZIP 40601 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 40601 compare to the rest of Frankfort?

ZIP 40601 sits right at the Frankfort citywide median of $1,078/mo.

When was rent data for ZIP 40601 last updated?

Rent data for ZIP 40601 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,078/mo, rent takes ~20% of ZIP 40601's median household income ($65,732/yr). The standard benchmark is 30%.

ZIP 40601 20%Benchmark 30%
State income tax4%
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Schools nearby

Public schools near ZIP 40601 (Frankfort, KY)

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