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Rental Insights for ZIP Code 40217 (Louisville, KY)

Housing Rentals in ZIP Code 40217 (Louisville, KY)

40217 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 40217

ZIP Code 40217 is primarily located in Louisville, KY in Jefferson County. The median housing rent in this Kentucky region is estimated at $897 per month. About 38.9% of housing units in this Jefferson County ZIP Code are renter-occupied, and the region has an approximate rental vacancy rate of 4.0%.

The median rent in ZIP Code 40217 of $897 per month is 18% higher than the aggregate Kentucky median monthly rent of $763, and is 16% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 55.9% of renters in ZIP Code 40217 pay between $500 and $999 per month for housing. That is 5% lower than in Kentucky overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 0.2% of renters in this Louisville, KY region pay between $2,000 and $2,499 for monthly rent.

ZIP Code 40217 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 40217

See the chart below for a comparison of monthly rental costs in ZIP Code 40217, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 40217 along with those in the state of Kentucky and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 40217

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 40217 Kentucky U.S.
Less than $500 7.5% 17.2% 9.4%
$500 to $999 55.9% 58.9% 36.2%
$1,000 to $1,499 29.0% 19.5% 30.0%
$1,500 to $1,999 7.4% 3.1% 14.0%
$2,000 to $2,499 0.2% 0.7% 5.6%
$2,500 to $2,999 0.0% 0.3% 2.4%
$3,000 or more 0.0% 0.3% 2.4%

Rent Cost vs. Income in ZIP Code 40217

Renters in ZIP Code 40217 use an estimated 27.62% of their income to cover their monthly rent payments. That is about 2% lower than in Kentucky overall. The estimate for Kentucky overall is 28.3% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 40217 renters use about 7% less of their income to cover rent expense. Household income figures for ZIP Code 40217 come in higher than in Kentucky as a whole. The median annual household income in ZIP Code 40217 of $53,358 sits approximately 5% higher than the overall Kentucky median income of $50,589 and approximately 15% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 40217

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 40217, Kentucky, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 40217 along with the same calculations in the state of Kentucky and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 40217

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 40217 Kentucky U.S.
Less than 15.0 percent 16.8% 17.2% 13.1%
15.0 to 19.9 percent 14.1% 13.8% 12.9%
20.0 to 24.9 percent 12.9% 12.9% 12.9%
25.0 to 29.9 percent 16.3% 11.5% 11.6%
30.0 to 34.9 percent 9.1% 8.6% 9.1%
35.0 percent or more 30.9% 36.0% 40.5%

Household Income in ZIP Code 40217

See the table below for the regional comparison of annual household income in ZIP Code 40217.

Income ZIP 40217 Kentucky U.S.
Less than $10,000 6.5% 8.3% 6.0%
$10,000 to $14,999 4.8% 5.8% 4.3%
$15,000 to $24,999 10.5% 11.1% 8.9%
$25,000 to $34,999 8.6% 10.5% 8.9%
$35,000 to $49,999 15.3% 13.8% 12.3%
$50,000 to $74,999 20.3% 17.7% 17.2%
$75,000 to $99,999 14.6% 12.1% 12.7%
$100,000 to $149,999 14.1% 12.5% 15.1%
$150,000 to $199,999 4.3% 4.3% 6.8%
$200,000 or more 1.1% 3.9% 7.7%

Household Income in ZIP Code 40217

See the chart below for a comparison of annual household income figures in ZIP Code 40217, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 40217 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 40217

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 40217.

ZIP 40217 Kentucky U.S.
Median Housing Rent $897 $763 $1,062
Renter-Occupied Housing Units 38.9% 32.8% 36.0%
Rental Vacancy Rate 4.0% 5.9% 6.0%
Average Size of Renter-Occupied Unit 1.92 2.36 2.49
Average # of Bedrooms Per Unit 2.35 2.78 2.75
Percent of Income Spent on Rent 27.62% 28.3% 29.83%
Per Capita Income $32,291 $28,178 $34,103
Median Household Income $65,114 $70,144 $88,607
Living Below the Poverty Line 7.3% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 40217

In ZIP Code 40217 (Louisville, KY), and estimated 38.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 4.0%.

The per capita income in 40217 is estimated at $32,291, which goes along with an estimated median household income of $65,114. About 7.3% of residents in this Jefferson County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.92 occupants, while the units have an aggregate average size of 2.35 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.62% of their income on housing rental costs.

Rental FAQs for ZIP Code 40217

1

What is the median monthly rent in ZIP Code 40217?

Median rent for housing in ZIP Code 40217 in Jefferson County in Kentucky is approximately $897 per month.
2

Is it expensive to rent in ZIP Code 40217?

Rent in ZIP Code 40217 is higher than average in the state of Kentucky overall. The median monthly rent of $897 in ZIP Code 40217 is approximately 18% higher than the Kentucky median of $763. Additionally, median rent in this Louisville, KY region ($897) is about 16% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 40217?

High-priced rentals are not common in the Louisville, KY ZIP Code of 40217, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Kentucky overall, approximately 0.3% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 40217?

Affordable rentals are less common in ZIP Code 40217 than in Kentucky overall. The percentage of housing rentals in ZIP Code 40217 costing $999 or less per month (63.4%) is approximately 17% lower than the Kentucky rate of 76.1% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 39% lower than the previously mentioned 40217 rate of 63.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 40217?

The most common range for rental cost in ZIP Code 40217 is between $500 and $999 per month. About 55.9% of renters in 40217 pay in this range for monthly rent. In comparison, approximately 58.9% of renters in the state of Kentucky fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 40217 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 40217 is lower than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 4.0% in ZIP Code 40217 is about 32% lower than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Louisville, KY region (4.0%) is an estimated 33% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 40217? How does it compare to other Kentucky regions?

Median household income in ZIP Code 40217 is higher than in the state of Kentucky overall. Annual household income of $53,358 in ZIP Code 40217 is about 5% higher than the Kentucky median of $50,589. Additionally, median household income in this Louisville, KY region ($53,358) is approximately 15% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 40217 spend on housing costs?

Renters in ZIP Code 40217 spend a lower amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 40217 spend an estimated 27.62% of their income on rent payments, which is about 2% lower than the overall Kentucky estimated rate of 28.3%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 7% higher than the ZIP Code 40217 estimated rate of 27.62%.
9

Do renters in ZIP Code 40217 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 40217 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 40217 spending 30 percent or more of their income on rent costs (40%) is approximately 10% lower than the Kentucky rate of 44.6% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 19% higher than the aforementioned 40217 rate of 40%.
10

What is the average household size of renter-occupied units in ZIP Code 40217?

The average household size of renter-occupied units in ZIP Code 40217 is lower than in the state of Kentucky overall. Annual household size of 1.92 in ZIP Code 40217 is about 19% lower than the Kentucky median of 2.36. Additionally, median household size in this Louisville, KY region (1.92) is approximately 23% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes