How much is a home worth in ZIP code 40203?

The typical home in 40203 is worth $154,723, based on the Zillow Home Value Index.

Are home values rising in 40203?

Home values in 40203 are up 0.9% over the past year, and up 5.6% a year over five years.

What is the typical rent in 40203?

A typical home in 40203 rents for about $1,139 a month, a gross rental yield of 8.8%.

What is the property tax rate in 40203?

The effective property tax rate in 40203 is 0.5% — roughly $801 a year on a typical home.

ZIP code 40203 has a population of 17,742 and a median household income of $30,794.

HousingHandbookReference data

…

U.S. ZIP Code · KY40203

Jefferson County · Louisville/Jefferson County, KY-IN

Typical home value

$154,723^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.9%
5-year / yr: +5.6%
10-year / yr: +10.7%

Relative price

vs U.S.: -45.5%
vs metro: -42.6%
vs state: -6.9%

Price history

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

The typical home in 40203 is worth $154,723 — 42.6% below the Louisville/Jefferson County, KY-IN median. Over the past year, values have risen 0.9%. Homes here rent for a typical $1,139 a month — a 8.8% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent: $1,139^[2]
Gross yield: 8.8%^[2]
Cap rate: 5.3%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $801^[3]

#Climate risk

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

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

#Who lives here

Population: 17,742^[3]
Median household income: $30,794^[3]

#Migration

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

Net migration: -1,585^[5]
Moved in: 15,433
Moved out: 17,018

Schools

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

Public schools: 10
Elementary: 3
Middle: 2
High: 1

Pathfinder School of Innovation
Other · Grades K–12 · Jefferson County
1,451 students
Central High Magnet Career Academy
High · Grades 9–12 · Jefferson County
1,239 students
Meyzeek Middle
Middle · Grades 6–8 · Jefferson County
896 students
Grace M. James Academy of Excellence
Middle · Grades 6–9 · Jefferson County
424 students
Coleridge-Taylor Montessori Elementary
Elementary · Grades PK–5 · Jefferson County
413 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 yield8.8%

Net yield (after ~40% expenses)5.3%

Annual rent$13,669

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$782

Loan principal$123,778

Down payment$30,945

Total interest paid$157,872

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 ratio0.86

Monthly cost to own$978

Monthly rent$1,139

Owning 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: 52nd percentile^[1]
Rental yield: 87th percentile^[2]
Property tax: 7th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 40203?: The typical home in 40203 is worth $154,723, based on the Zillow Home Value Index.
Are home values rising in 40203?: Home values in 40203 are up 0.9% over the past year, and up 5.6% a year over five years.
What is the typical rent in 40203?: A typical home in 40203 rents for about $1,139 a month, a gross rental yield of 8.8%.
What is the property tax rate in 40203?: The effective property tax rate in 40203 is 0.5% — roughly $801 a year on a typical home.
Who lives in 40203?: ZIP code 40203 has a population of 17,742 and a median household income of $30,794.

#Comparable ZIPs

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

40208 vs 40203 →
Louisville, KY
Typical home
$140,897
Gross yield
10.0%
40215 vs 40203 →
Louisville, KY
Typical home
$139,476
Gross yield
10.6%
40177
West Point, KY
Typical home
$132,053
Gross yield
—
40209
Louisville, KY
Typical home
$121,295
Gross yield
—
47108
Saltillo, IN
Typical home
$196,876
Gross yield
—
47110
New Amsterdam, IN
Typical home
$199,629
Gross yield
—

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Pit ZIP 40203 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · KY40203

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