Louisville/Jefferson County, KY-IN · Kentucky

Shelby County

48,599 residents271 permits TTM$82,671 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$277,500

ACS 5-Year

Cap rate proxy

5.5%

FMR × 0.65 ÷ Home Value

Rent-to-income

14.5%

HUD FMR ÷ ACS HHI

Net migration

+2.08%

IRS SOI

Permits (TTM)

271

Census BPS

Climate risk

61.9

FEMA NRI (0–100)

ZIP code breakdown5 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
400030.9
40065$277,500$1,1505.0%0.615.2%
40076$277,500$1,1004.8%0.510.2%
400670.5
400220.3

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Demographics

Owner-occupied

74.1%

Census ACS

Vacancy rate

7.1%

Census ACS

Bachelor's degree +

31.0%

Census ACS

Rent burdened

32.7%

Census ACS (>30% income)

Median age

40.9

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