Louisville/Jefferson County, KY-IN · Kentucky
Shelby County
48,599 residents271 permits TTM$82,671 median HHI5 ZIP codesUpdated April 28, 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
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 40065 | $304,210 | $1,150 | 4.5% | 5.8% | -28.7% |
| 40003 | — | — | — | 5.1% | 21.5% |
| 40076 | $300,957 | $1,100 | 4.4% | 3.8% | 9.3% |
| 40067 | — | — | — | 2.9% | 21.5% |
| 40022 | — | — | — | 2.4% | 21.5% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
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
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 28, 2026