Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in ZCTA5 40216, Kentucky?
ZIP code · Census ACS 5-Year estimates
The median gross rent in ZCTA5 40216, Kentucky (ZIP 40216) is $945/month (±$37), based on Census ACS 5-Year estimates (2024). The median home value is $167,100 (±$4,074), and the median household income is $56,441/year. The unemployment rate in Jefferson County, Kentucky was 4.4% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for ZIP 40216
| Metric | Value |
|---|---|
| Median Gross Rent | $945 |
| Median Home Value | $167,100 |
| Median Household Income | $56,441 |
| Total Housing Units | 17,342 |
| Renter-Occupied Units | 5,877 |
| Renter-Occupied Share | 34% |
| Households Paying 50%+ Income | 1,434 households |
| Unemployment Rate(April 2026) | 4.4% |
How does ZIP 40216 compare?
Median gross rent ranked against all ZIP codes in Kentucky.
Higher rent than 74% of ZIP codes in Kentucky · 124th of 468
| # | ZIP code | Value |
|---|---|---|
| 1 | ZCTA5 40026 | $2,069 |
| 2 | ZCTA5 40059 | $2,006 |
| 3 | ZCTA5 40245 | $1,688 |
| … 120 more … | ||
| 124 | ZCTA5 40216(you are here) | $945 |
| … 341 more … | ||
| 466 | ZCTA5 41651 | $255 |
| 467 | ZCTA5 41553 | $254 |
| 468 | ZCTA5 40771 | $99 |
Geography
ZIP 40216 is in Jefferson County, Kentucky.
It covers part of Louisville/Jefferson County metro government (balance) city, Kentucky.
More data for ZCTA5 40216
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Frequently asked questions
What is the average rent in ZCTA5 40216, Kentucky?
The median gross rent in ZCTA5 40216, Kentucky (ZIP 40216) is $945/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in ZCTA5 40216, Kentucky?
The median rent for a 2-bedroom in ZCTA5 40216, Kentucky is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in ZCTA5 40216, Kentucky?
The median home value in ZCTA5 40216, Kentucky (ZIP 40216) is $167,100 according to Census ACS 5-Year estimates (2024).
What percentage of renters in ZCTA5 40216 are rent-burdened?
In ZCTA5 40216, Kentucky, 1,434 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in ZCTA5 40216, Kentucky?
The median household income in ZCTA5 40216, Kentucky is $56,441/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $945 has a margin of error of ±$37. In very small areas, MOEs can be large relative to the estimate.
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