Louisville/Jefferson County, KY-IN · Indiana
Washington County
ZIP 47120
28,167 residents35 permits TTM$61,358 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$162,400
ACS 5-Year
Cap rate proxy
9.4%
FMR × 0.65 ÷ Home Value
Rent-to-income
14.9%
HUD FMR ÷ ACS HHI
Net migration
+1.48%
IRS SOI
Permits (TTM)
35
Census BPS
Climate risk
40.9
FEMA NRI (0–100)
ZIP 47120
Median home value
$162,400
Gross yield
7.9%
Buy Box score
—
Section 8 gap
40.8%
Affordability
P/I: 3.7R/I: —
Section 8 detail
SAFMR: $1,070Rent: $760Gap: 40.8%
ZIP code breakdown5 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 47120 | $162,400 | $1,070 | 7.9% | 5.6% | 29.0% |
| 47108 | — | — | — | 4.8% | 40.3% |
| 47125 | $162,400 | $1,190 | 8.8% | 4.6% | 36.1% |
| 47167 | — | — | — | 4.5% | 40.3% |
| 47165 | $162,400 | $1,070 | 7.9% | 4.0% | 29.0% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
82.3%
Census ACS
Vacancy rate
9.6%
Census ACS
Bachelor's degree +
13.8%
Census ACS
Rent burdened
35.6%
Census ACS (>30% income)
Median age
41.4
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026