Louisville/Jefferson County, KY-IN · Kentucky
Spencer County
ZIP 40046
19,875 residents86 permits TTM$98,333 median HHI2 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$297,600
ACS 5-Year
Cap rate proxy
5.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
11.6%
HUD FMR ÷ ACS HHI
Net migration
+2.52%
IRS SOI
Permits (TTM)
86
Census BPS
Climate risk
13.3
FEMA NRI (0–100)
ZIP 40046
Median home value
$297,600
Gross yield
4.4%
Buy Box score
0.6
Section 8 gap
13.2%
Affordability
P/I: 2.7R/I: —
Section 8 detail
SAFMR: $1,080Rent: $954Gap: 13.2%
ZIP code breakdown2 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 40046 | $297,600 | $1,080 | 4.4% | 0.6 | 13.2% |
| 40071 | $297,600 | $1,120 | 4.5% | 0.5 | 17.4% |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
86.6%
Census ACS
Vacancy rate
7.1%
Census ACS
Bachelor's degree +
22.1%
Census ACS
Rent burdened
35.4%
Census ACS (>30% income)
Median age
43.3
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