HousingHandbookReference data

U.S. ZIP Code · KY40108

Meade County · Louisville/Jefferson County, KY-IN

Typical home value

$295,588[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.0%
5-year / yr
+8.2%
10-year / yr
+6.8%

Relative price

vs U.S.
+4.1%
vs metro
+9.8%
vs state
+77.9%
ZIP 40108 location in KY
Location of ZIP 40108 in KY

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 40108 is worth $295,588 — 9.8% above the Louisville/Jefferson County, KY-IN median. Over the past year, values have risen 2.0%. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.7%[3]
Typical annual tax
$2,046[3]

#Climate risk

FEMA National Risk Index ratings for Meade County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Very Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
12,821[3]
Median household income
$77,559[3]

#Migration

Household moves in and out of Meade County over a year, from IRS tax-return data.

Net migration
+60[5]
Moved in
1,183
Moved out
1,123

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
6
Elementary
1
Middle
2
High
3
  • Meade County High School

    High · Grades 9–12 · Meade County

    1,468 students

  • Barry Hahn Primary School

    Elementary · Grades PK–3 · Meade County

    831 students

  • Stuart Pepper Middle School

    Middle · Grades 7–8 · Meade County

    781 students

  • David T. Wilson Elementary

    Middle · Grades 4–6 · Meade County

    518 students

  • James R. Allen High School

    High · Grades 6–12 · Meade County

    37 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,495
Loan principal$236,470
Down payment$59,118
Total interest paid$301,605

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,911
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
94th percentile[1]
Rental yield
[2]
Property tax
35th percentile[3]

Frequently asked

How much is a home worth in ZIP code 40108?
The typical home in 40108 is worth $295,588, based on the Zillow Home Value Index.
Are home values rising in 40108?
Home values in 40108 are up 2.0% over the past year, and up 8.2% a year over five years.
What is the property tax rate in 40108?
The effective property tax rate in 40108 is 0.7% — roughly $2,046 a year on a typical home.
Who lives in 40108?
ZIP code 40108 has a population of 12,821 and a median household income of $77,559.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Louisville/Jefferson County metro government (balance), KY

    Typical home
    $295,350
    Gross yield
    5.4%
  • Shepherdsville, KY

    Typical home
    $298,608
    Gross yield
    6.6%
  • IN

    Typical home
    $289,860
    Gross yield
  • Memphis CDP, IN

    Typical home
    $301,470
    Gross yield
  • Sellersburg, IN

    Typical home
    $301,624
    Gross yield
    5.4%
  • Louisville, KY

    Typical home
    $286,921
    Gross yield
    5.8%

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