How much is a home worth in ZIP code 40165?

The typical home in 40165 is worth $298,608, based on the Zillow Home Value Index.

Are home values rising in 40165?

Home values in 40165 are down 0.3% over the past year, and up 3.8% a year over five years.

What is the typical rent in 40165?

A typical home in 40165 rents for about $1,635 a month, a gross rental yield of 6.6%.

What is the property tax rate in 40165?

The effective property tax rate in 40165 is 0.8% — roughly $2,434 a year on a typical home.

ZIP code 40165 has a population of 38,403 and a median household income of $79,540.

HousingHandbookReference data

…

U.S. ZIP Code · KY40165

Bullitt County · Louisville/Jefferson County, KY-IN

Typical home value

$298,608^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.3%
5-year / yr: +3.8%
10-year / yr: +5.3%

Relative price

vs U.S.: +5.1%
vs metro: +10.9%
vs state: +79.7%

Price history

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

The typical home in 40165 is worth $298,608 — 10.9% above the Louisville/Jefferson County, KY-IN median. Over the past year, values have fallen 0.3%. Homes here rent for a typical $1,635 a month — a 6.6% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,635^[2]
Gross yield: 6.6%^[2]
Cap rate: 3.9%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,434^[3]

#Climate risk

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

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

#Who lives here

Population: 38,403^[3]
Median household income: $79,540^[3]

#Migration

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

Net migration: +341^[5]
Moved in: 2,716
Moved out: 2,375

Schools

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

Public schools: 13
Elementary: 4
Middle: 4
High: 4

Bullitt Central High School
High · Grades 9–12 · Bullitt County
1,359 students
North Bullitt High School
High · Grades 9–12 · Bullitt County
1,160 students
Freedom Elementary School
Elementary · Grades PK–5 · Bullitt County
591 students
Shepherdsville Elementary
Elementary · Grades PK–5 · Bullitt County
540 students
Hebron Middle School
Middle · Grades 6–8 · Bullitt County
525 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.

Home value$Monthly rent$

Gross yield6.6%

Net yield (after ~40% expenses)3.9%

Annual rent$19,617

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,510

Loan principal$238,887

Down payment$59,722

Total interest paid$304,687

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.20

Monthly cost to own$1,963

Monthly rent$1,635

Renting is meaningfully cheaper month-to-month.

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: 8th percentile^[1]
Rental yield: 53rd percentile^[2]
Property tax: 67th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 40165?: The typical home in 40165 is worth $298,608, based on the Zillow Home Value Index.
Are home values rising in 40165?: Home values in 40165 are down 0.3% over the past year, and up 3.8% a year over five years.
What is the typical rent in 40165?: A typical home in 40165 rents for about $1,635 a month, a gross rental yield of 6.6%.
What is the property tax rate in 40165?: The effective property tax rate in 40165 is 0.8% — roughly $2,434 a year on a typical home.
Who lives in 40165?: ZIP code 40165 has a population of 38,403 and a median household income of $79,540.

#Comparable ZIPs

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

47143 vs 40165 →
Memphis CDP, IN
Typical home
$301,470
Gross yield
—
47172 vs 40165 →
Sellersburg, IN
Typical home
$301,624
Gross yield
5.4%
40108
Brandenburg, KY
Typical home
$295,588
Gross yield
—
40220
Louisville/Jefferson County metro government (balance), KY
Typical home
$295,350
Gross yield
5.4%
47141
IN
Typical home
$305,308
Gross yield
—
40109
Brooks CDP, KY
Typical home
$305,312
Gross yield
—

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#Jump to section

U.S. ZIP Code · KY40165

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