RentYield Atlas

ZIP 40223 — Louisville, KY: rental yield & market data

Gross rental yield of 4.94% — ranked #72 of 90 Kentucky ZIP codes. June 2026 data.

Gross rental yield
4.94%
Home value
$394,356
Market rent / mo
$1,622
Price-to-rent
20.3

Trend

Metric1-year change5-year change
Home value+1.7% +22.8%
Market rent+0.6% +32.8%

Metro: Louisville/Jefferson County, KY-IN · County: Jefferson County · Annual rent: $19,464

Comparable ZIP codes in Kentucky

Similar home values, sorted by yield — the cheapest way to see if 40223 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
40514LexingtonKY$376,685$2,0176.42%15.6+4.2%
41048HebronKY$385,297$1,9506.07%16.5+1.0%
40515LexingtonKY$387,410$1,5524.81%20.8+3.1%
40507LexingtonKY$403,755$1,6054.77%21.0+8.3%
40509LexingtonKY$407,596$1,6024.72%21.2+1.9%
40205LouisvilleKY$399,828$1,4984.49%22.2+4.2%
41075Fort ThomasKY$382,557$1,4054.41%22.7+6.4%
40222LouisvilleKY$403,872$1,4034.17%24.0+1.5%

Top rental yields in all of Kentucky →

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