What is the median home value in Jefferson County, KY?

The median home value in Jefferson County, KY is $237,200, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Jefferson County, KY?

The cap rate proxy in Jefferson County, KY is 6.4% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is moderate — deal-by-deal analysis recommended.

How much new construction is happening in Jefferson County, KY?

Jefferson County has 777,392 residents and issued 3,225 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Louisville/Jefferson County, KY-IN · Kentucky

Jefferson County

777,392 residents3,225 permits TTM$67,849 median HHI38 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$237,200

ACS 5-Year

Cap rate proxy

6.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

19.4%

HUD FMR ÷ ACS HHI

Net migration

+1.44%

IRS SOI

Permits (TTM)

3,225

Census BPS

Climate risk

98.3

FEMA NRI (0–100)

ZIP code breakdown38 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
40211	$96,944	$1,110	13.7%	15.5%	-13.0%
40215	$136,689	$1,220	10.7%	11.0%	-2.4%
40025	$237,200county est.	$1,490	7.5%	5.5%	26.4%
40210	$88,029	$1,150	15.7%	16.2%	-3.4%
40280	$237,200county est.	$1,400	7.1%	5.5%	21.6%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$83,039	$1,080	15.6%	16.0%	-2.4%
$137,915	$1,080	9.4%	9.3%	0.6%
$207,021	$1,140	6.6%	8.8%	-33.3%
$146,958	$1,100	9.0%	8.4%	6.8%
$223,947	$1,290	6.9%	8.2%	-19.1%
$207,235	$1,320	7.6%	8.1%	-6.1%
$270,949	$1,600	7.1%	7.7%	-8.7%
$232,055	$1,230	6.4%	7.5%	-18.3%
$218,741	$1,380	7.6%	7.4%	2.4%
$233,242	$1,360	7.0%	7.3%	-4.3%
$248,471	$1,490	7.2%	7.3%	-1.2%
$205,584	$1,080	6.3%	7.0%	-11.8%
$305,699	$1,350	5.3%	6.9%	-29.9%
$217,953	$1,300	7.2%	6.7%	6.7%
$215,493	$1,180	6.6%	6.4%	3.0%
$289,015	$1,460	6.1%	5.9%	3.1%
$273,976	$1,430	6.3%	5.8%	7.3%
$270,977	$1,400	6.2%	5.7%	8.8%
$334,101	$1,470	5.3%	5.6%	-5.7%
$237,200county est.	$1,150	5.8%	5.5%	4.6%
$237,200county est.	$1,290	6.5%	5.5%	15.0%
$237,200county est.	$1,290	6.5%	5.5%	15.0%
$237,200county est.	$1,170	5.9%	5.5%	6.2%
$333,030	$1,490	5.4%	5.3%	1.3%
$377,803	$1,340	4.3%	5.0%	-18.1%
$380,581	$1,640	5.2%	4.9%	5.9%
$321,909	$1,470	5.5%	4.6%	16.9%
$408,898	$1,670	4.9%	4.4%	9.4%
$329,978	$1,390	5.1%	4.4%	13.8%
$386,271	$1,490	4.6%	4.2%	9.1%
$418,280	$1,570	4.5%	4.1%	8.2%
$475,365	$1,800	4.5%	4.0%	11.5%
$524,422	$1,710	3.9%	2.5%	35.9%

Demographics

Owner-occupied

61.8%

Census ACS

Vacancy rate

8.0%

Census ACS

Bachelor's degree +

36.6%

Census ACS

Rent burdened

43.1%

Census ACS (>30% income)

Median age

38.4

Census ACS

Data sources

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

Jefferson County

See all 38 ZIPs ranked by yield and cap rate