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Rental Insights for ZIP Code 40299 (Louisville, KY)

Housing Rentals in ZIP Code 40299 (Louisville, KY)

40299 ZIP Code in Kentucky

Learn About Housing Rentals in the ZIP Code 40299

ZIP Code 40299 is primarily located in Louisville, KY in Jefferson County. The median housing rent in this Kentucky region is estimated at $1,029 per month. About 23.3% of housing units in this Jefferson County ZIP Code are renter-occupied, and the region has an approximate rental vacancy rate of 6.7%.

The median rent in ZIP Code 40299 of $1,029 per month is 35% higher than the aggregate Kentucky median monthly rent of $763, and is 3% lower than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 40299, about 45.4% of renters pay between $500 and $999 per month for housing. That is 23% lower than in Kentucky overall, in which 58.9% of total state residents pay between $500 and $999 per month for housing. Just 0.3% of renters in this Louisville, KY region pay between $2,000 and $2,499 for monthly rent.

ZIP Code 40299 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 40299

See the chart below for a comparison of monthly rental costs in ZIP Code 40299, Kentucky, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 40299 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 40299

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

Cost ZIP 40299 Kentucky U.S.
Less than $500 1.8% 17.2% 9.4%
$500 to $999 45.4% 58.9% 36.2%
$1,000 to $1,499 38.2% 19.5% 30.0%
$1,500 to $1,999 13.0% 3.1% 14.0%
$2,000 to $2,499 0.3% 0.7% 5.6%
$2,500 to $2,999 1.4% 0.3% 2.4%
$3,000 or more 0.0% 0.3% 2.4%

Rent Cost vs. Income in ZIP Code 40299

Renters in ZIP Code 40299 use an estimated 27.55% of their income to cover their monthly rent payments. That is about 3% 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 40299 renters use about 8% less of their income to cover rent expense. Household income figures for ZIP Code 40299 come in higher than in Kentucky as a whole. The median annual household income in ZIP Code 40299 of $75,396 sits approximately 49% higher than the overall Kentucky median income of $50,589 and approximately 20% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 40299

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 40299, 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 40299 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 40299

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

Rent Cost as % of Income ZIP 40299 Kentucky U.S.
Less than 15.0 percent 15.0% 17.2% 13.1%
15.0 to 19.9 percent 14.8% 13.8% 12.9%
20.0 to 24.9 percent 13.8% 12.9% 12.9%
25.0 to 29.9 percent 17.8% 11.5% 11.6%
30.0 to 34.9 percent 9.0% 8.6% 9.1%
35.0 percent or more 29.5% 36.0% 40.5%

Household Income in ZIP Code 40299

See the table below for the regional comparison of annual household income in ZIP Code 40299.

Income ZIP 40299 Kentucky U.S.
Less than $10,000 2.8% 8.3% 6.0%
$10,000 to $14,999 1.5% 5.8% 4.3%
$15,000 to $24,999 4.4% 11.1% 8.9%
$25,000 to $34,999 7.6% 10.5% 8.9%
$35,000 to $49,999 13.6% 13.8% 12.3%
$50,000 to $74,999 20.0% 17.7% 17.2%
$75,000 to $99,999 13.7% 12.1% 12.7%
$100,000 to $149,999 20.2% 12.5% 15.1%
$150,000 to $199,999 9.1% 4.3% 6.8%
$200,000 or more 7.2% 3.9% 7.7%

Household Income in ZIP Code 40299

See the chart below for a comparison of annual household income figures in ZIP Code 40299, Kentucky, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 40299 alongside the same figures for the state of Kentucky and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 40299

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 40299.

ZIP 40299 Kentucky U.S.
Median Housing Rent $1,029 $763 $1,062
Renter-Occupied Housing Units 23.3% 32.8% 36.0%
Rental Vacancy Rate 6.7% 5.9% 6.0%
Average Size of Renter-Occupied Unit 2.38 2.36 2.49
Average # of Bedrooms Per Unit 3.12 2.78 2.75
Percent of Income Spent on Rent 27.55% 28.3% 29.83%
Per Capita Income $37,139 $28,178 $34,103
Median Household Income $93,934 $70,144 $88,607
Living Below the Poverty Line 3.5% 13.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 40299

In ZIP Code 40299 (Louisville, KY), and estimated 23.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.7%.

The per capita income in 40299 is estimated at $37,139, which goes along with an estimated median household income of $93,934. About 3.5% of residents in this Jefferson County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.38 occupants, while the units have an aggregate average size of 3.12 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.55% of their income on housing rental costs.

Rental FAQs for ZIP Code 40299

1

What is the median monthly rent in ZIP Code 40299?

Median rent for housing in ZIP Code 40299 in Jefferson County in Kentucky is approximately $1,029 per month.
2

Is it expensive to rent in ZIP Code 40299?

Rent in ZIP Code 40299 is higher than average in the state of Kentucky overall. The median monthly rent of $1,029 in ZIP Code 40299 is approximately 35% higher than the Kentucky median of $763. Additionally, median rent in this Louisville, KY region ($1,029) is about 3% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 40299?

High-priced rentals are not common in the Louisville, KY ZIP Code of 40299, 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 40299?

Affordable rentals are less common in ZIP Code 40299 than in Kentucky overall. The percentage of housing rentals in ZIP Code 40299 costing $999 or less per month (47.2%) is approximately 38% 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 4% lower than the previously mentioned 40299 rate of 47.2%.
5

What is the most common cost range that rentals fall into in ZIP Code 40299?

The most common range for rental cost in ZIP Code 40299 is between $500 and $999 per month. About 45.4% of renters in 40299 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 40299 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 40299 is higher than the rental vacancy rate in the state of Kentucky overall. Rental vacancy of 6.7% in ZIP Code 40299 is about 14% higher than the Kentucky rate of 5.9%. Looking more broadly, rental vacancy in this Louisville, KY region (6.7%) is an estimated 12% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 40299? How does it compare to other Kentucky regions?

Median household income in ZIP Code 40299 is higher than in the state of Kentucky overall. Annual household income of $75,396 in ZIP Code 40299 is about 49% higher than the Kentucky median of $50,589. Additionally, median household income in this Louisville, KY region ($75,396) is approximately 20% higher 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 40299 spend on housing costs?

Renters in ZIP Code 40299 spend a lower amount of their income on rent costs than do renters in Kentucky overall. Renters in ZIP Code 40299 spend an estimated 27.55% of their income on rent payments, which is about 3% 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 8% higher than the ZIP Code 40299 estimated rate of 27.55%.
9

Do renters in ZIP Code 40299 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 40299 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 40299 spending 30 percent or more of their income on rent costs (38.5%) is approximately 14% 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 22% higher than the aforementioned 40299 rate of 38.5%.
10

What is the average household size of renter-occupied units in ZIP Code 40299?

The average household size of renter-occupied units in ZIP Code 40299 is higher than in the state of Kentucky overall. Annual household size of 2.38 in ZIP Code 40299 is about 1% higher than the Kentucky median of 2.36. Additionally, median household size in this Louisville, KY region (2.38) is approximately 4% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Kentucky ZIP Codes