How much is a home worth in ZIP code 40206?

The typical home in 40206 is worth $283,074, based on the Zillow Home Value Index.

Are home values rising in 40206?

Home values in 40206 are down 0.7% over the past year, and up 3.7% a year over five years.

What is the typical rent in 40206?

A typical home in 40206 rents for about $1,351 a month, a gross rental yield of 5.7%.

What is the property tax rate in 40206?

The effective property tax rate in 40206 is 1.0% — roughly $2,699 a year on a typical home.

ZIP code 40206 has a population of 20,161 and a median household income of $75,798.

HousingHandbookReference data

…

U.S. ZIP Code · KY40206

Jefferson County · Louisville/Jefferson County, KY-IN

Typical home value

$283,074^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.7%
5-year / yr: +3.7%
10-year / yr: +4.8%

Relative price

vs U.S.: ≈ U.S. median
vs metro: +5.1%
vs state: +70.4%

Price history

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

The typical home in 40206 is worth $283,074 — 5.1% above the Louisville/Jefferson County, KY-IN median. Over the past year, values have fallen 0.7%. Homes here rent for a typical $1,351 a month — a 5.7% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $1,351^[2]
Gross yield: 5.7%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $2,699^[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: 20,161^[3]
Median household income: $75,798^[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: 8
Elementary: 4
Middle: 1
High: 0

Barret Traditional Middle
Middle · Grades 6–8 · Jefferson County
631 students
Lincoln Elementary Performing Arts
Elementary · Grades K–5 · Jefferson County
571 students
Field Elementary
Elementary · Grades K–5 · Jefferson County
428 students
Breckinridge-Franklin Elementary
Elementary · Grades K–5 · Jefferson County
327 students
Kentucky School for the Blind
Other · Grades K–12 · Kentucky School for the Blind District
64 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 yield5.7%

Net yield (after ~40% expenses)3.4%

Annual rent$16,215

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$1,431

Loan principal$226,459

Down payment$56,615

Total interest paid$288,836

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 ratio1.40

Monthly cost to own$1,891

Monthly rent$1,351

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: 6th percentile^[1]
Rental yield: 39th percentile^[2]
Property tax: 98th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 40206?: The typical home in 40206 is worth $283,074, based on the Zillow Home Value Index.
Are home values rising in 40206?: Home values in 40206 are down 0.7% over the past year, and up 3.7% a year over five years.
What is the typical rent in 40206?: A typical home in 40206 rents for about $1,351 a month, a gross rental yield of 5.7%.
What is the property tax rate in 40206?: The effective property tax rate in 40206 is 1.0% — roughly $2,699 a year on a typical home.
Who lives in 40206?: ZIP code 40206 has a population of 20,161 and a median household income of $75,798.

#Comparable ZIPs

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

47147 vs 40206 →
New Washington CDP, IN
Typical home
$285,961
Gross yield
—
40204 vs 40206 →
Louisville, KY
Typical home
$286,921
Gross yield
5.8%
40070
KY
Typical home
$278,169
Gross yield
—
47114
Crandall, IN
Typical home
$276,858
Gross yield
—
40117
Ekron, KY
Typical home
$276,738
Gross yield
—
47163
IN
Typical home
$289,860
Gross yield
—

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#Jump to section

U.S. ZIP Code · KY40206

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