Louisville/Jefferson County, KY-IN · Kentucky
Spencer County
ZIP 40071
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 40071
Median home value
$355,223
Gross yield
3.8%
Cap rate
3.2%
Rent gap
14.8%
Affordability
P/I: 3.6R/I: —
Section 8 detail
SAFMR: $1,120Rent: $954Gap: 17.4%
ZIP code breakdown2 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 40046 | $269,633 | $1,080 | 4.8% | 4.2% | 11.7% |
| 40071 | $355,223 | $1,120 | 3.8% | 3.2% | 14.8% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
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