RentYield Atlas

ZIP 40242 — Louisville, KY: rental yield & market data

Gross rental yield of 4.75% — ranked #77 of 90 Kentucky ZIP codes. June 2026 data.

Gross rental yield
4.75%
Home value
$332,017
Market rent / mo
$1,314
Price-to-rent
21.1

Trend

Metric1-year change5-year change
Home value+1.9% +25.3%
Market rent+3.4%

Metro: Louisville/Jefferson County, KY-IN · County: Jefferson County · Annual rent: $15,768

Comparable ZIP codes in Kentucky

Similar home values, sorted by yield — the cheapest way to see if 40242 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
41051IndependenceKY$339,691$2,1657.65%13.1+2.8%
41005BurlingtonKY$332,800$2,0507.39%13.5+2.1%
40356NicholasvilleKY$327,010$1,5465.67%17.6+3.0%
40047Mount WashingtonKY$328,505$1,5315.59%17.9+2.9%
40324GeorgetownKY$342,879$1,5315.36%18.7+4.4%
41017Lakeside ParkKY$342,920$1,4735.15%19.4+2.5%
42104Bowling GreenKY$328,319$1,3364.88%20.5+0.4%
40202LouisvilleKY$339,568$1,2004.24%23.6+5.1%

Top rental yields in all of Kentucky →

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