Louisville/Jefferson County, KY-IN · Kentucky
Jefferson County
ZIP 40212
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 40212
Median home value
$237,200
Gross yield
5.5%
Buy Box score
1.0
Section 8 gap
-1.5%
Affordability
P/I: 1.2R/I: 19.6%
Section 8 detail
SAFMR: $1,080Rent: $1,097Gap: -1.5%
ZIP code breakdown38 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 40210 | $237,200 | $1,150 | 5.8% | 16.2% | -3.4% |
| 40212 | $237,200 | $1,080 | 5.5% | 16.0% | -2.4% |
| 40211 | $237,200 | $1,110 | 5.6% | 15.5% | -13.0% |
| 40215 | $237,200 | $1,220 | 6.2% | 11.0% | -2.4% |
| 40208 | $237,200 | $1,080 | 5.5% | 9.3% | 0.6% |
| 40213 | $237,200 | $1,140 | 5.8% | 8.8% | -33.3% |
| 40203 | $237,200 | $1,100 | 5.6% | 8.4% | 6.8% |
| 40258 | $237,200 | $1,290 | 6.5% | 8.2% | -19.1% |
| 40118 | $237,200 | $1,320 | 6.7% | 8.1% | -6.1% |
| 40228 | $237,200 | $1,600 | 8.1% | 7.7% | -8.7% |
| 40219 | $237,200 | $1,230 | 6.2% | 7.5% | -18.3% |
| 40272 | $237,200 | $1,380 | 7.0% | 7.4% | 2.4% |
| 40217 | $237,200 | $1,360 | 6.9% | 7.3% | -4.3% |
| 40229 | $237,200 | $1,490 | 7.5% | 7.3% | -1.2% |
| 40216 | $237,200 | $1,080 | 5.5% | 7.0% | -11.8% |
| 40291 | $237,200 | $1,350 | 6.8% | 6.9% | -29.9% |
| 40218 | $237,200 | $1,300 | 6.6% | 6.7% | 6.7% |
| 40214 | $237,200 | $1,180 | 6.0% | 6.4% | 3.0% |
| 40220 | $237,200 | $1,460 | 7.4% | 5.9% | 3.1% |
| 40204 | $237,200 | $1,430 | 7.2% | 5.8% | 7.3% |
| 40206 | $237,200 | $1,400 | 7.1% | 5.7% | 8.8% |
| 40299 | $237,200 | $1,470 | 7.4% | 5.6% | -5.7% |
| 40025 | $237,200county est. | $1,490 | 7.5% | 5.5% | 26.4% |
| 40041 | $237,200county est. | $1,170 | 5.9% | 5.5% | 6.2% |
| 40209 | $237,200 | $1,150 | 5.8% | 5.5% | 4.6% |
| 40221 | $237,200county est. | $1,290 | 6.5% | 5.5% | 15.0% |
| 40231 | $237,200county est. | $1,290 | 6.5% | 5.5% | 15.0% |
| 40280 | $237,200county est. | $1,400 | 7.1% | 5.5% | 21.6% |
| 40243 | $237,200 | $1,490 | 7.5% | 5.3% | 1.3% |
| 40205 | $237,200 | $1,340 | 6.8% | 5.0% | -18.1% |
| 40223 | $237,200 | $1,640 | 8.3% | 4.9% | 5.9% |
| 40242 | $237,200 | $1,470 | 7.4% | 4.6% | 16.9% |
| 40241 | $237,200 | $1,670 | 8.4% | 4.4% | 9.4% |
| 40202 | $237,200 | $1,390 | 7.0% | 4.4% | 13.8% |
| 40222 | $237,200 | $1,490 | 7.5% | 4.2% | 9.1% |
| 40207 | $237,200 | $1,570 | 7.9% | 4.1% | 8.2% |
| 40245 | $237,200 | $1,800 | 9.1% | 4.0% | 11.5% |
| 40023 | $237,200 | $1,710 | 8.7% | 2.5% | 35.9% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
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
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