RentYield Atlas

ZIP 40229 — Louisville, KY: rental yield & market data

Gross rental yield of 6.92% — ranked #26 of 90 Kentucky ZIP codes. June 2026 data.

Gross rental yield
6.92%
Home value
$254,431
Market rent / mo
$1,468
Price-to-rent
14.4

Trend

Metric1-year change5-year change
Home value+1.1% +25.9%
Market rent+2.9%

Metro: Louisville/Jefferson County, KY-IN · County: Jefferson County · Annual rent: $17,616

Comparable ZIP codes in Kentucky

Similar home values, sorted by yield — the cheapest way to see if 40229 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
40217LouisvilleKY$244,403$1,6037.87%12.7+0.1%
41073BellevueKY$250,144$1,5897.62%13.1+1.9%
40517LexingtonKY$258,903$1,3736.36%15.7+2.5%
40391WinchesterKY$257,039$1,2095.64%17.7+4.8%
40601FrankfortKY$247,546$1,1515.58%17.9-1.9%
40422DanvilleKY$256,062$1,1485.38%18.6+1.9%
40403BereaKY$256,823$1,0925.10%19.6+0.7%
40361ParisKY$259,304$1,0234.74%21.1-4.1%

Top rental yields in all of Kentucky →

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