How much is a home worth in ZIP code 40215?

The typical home in 40215 is worth $139,476, based on the Zillow Home Value Index.

Are home values rising in 40215?

Home values in 40215 are up 1.0% over the past year, and up 6.4% a year over five years.

What is the typical rent in 40215?

A typical home in 40215 rents for about $1,235 a month, a gross rental yield of 10.6%.

What is the property tax rate in 40215?

The effective property tax rate in 40215 is 0.9% — roughly $1,282 a year on a typical home.

ZIP code 40215 has a population of 20,532 and a median household income of $43,725.

HousingHandbookReference data

…

U.S. ZIP Code · KY40215

Jefferson County · Louisville/Jefferson County, KY-IN

Typical home value

$139,476^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.0%
5-year / yr: +6.4%
10-year / yr: +9.3%

Relative price

vs U.S.: -50.9%
vs metro: -48.2%
vs state: -16.1%

Price history

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

The typical home in 40215 is worth $139,476 — 48.2% below the Louisville/Jefferson County, KY-IN median. Over the past year, values have risen 1.0%. Homes here rent for a typical $1,235 a month — a 10.6% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

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

Monthly rent: $1,235^[2]
Gross yield: 10.6%^[2]
Cap rate: 6.4%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $1,282^[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: 20,532^[3]
Median household income: $43,725^[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: 6
Elementary: 4
Middle: 1
High: 1

Iroquois High
High · Grades 9–12 · Jefferson County
1,146 students
Semple Elementary
Elementary · Grades K–5 · Jefferson County
562 students
Hazelwood Elementary
Elementary · Grades PK–5 · Jefferson County
520 students
Jacob Elementary
Elementary · Grades PK–5 · Jefferson County
520 students
Frederick Law Olmsted Academy North
Middle · Grades 6–8 · Jefferson County
486 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 yield10.6%

Net yield (after ~40% expenses)6.4%

Annual rent$14,816

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$705

Loan principal$111,581

Down payment$27,895

Total interest paid$142,315

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 ratio0.75

Monthly cost to own$928

Monthly rent$1,235

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: 77th percentile^[1]
Rental yield: 92nd percentile^[2]
Property tax: 92nd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

5th for highest rental yield in KYView list →

Frequently asked

How much is a home worth in ZIP code 40215?: The typical home in 40215 is worth $139,476, based on the Zillow Home Value Index.
Are home values rising in 40215?: Home values in 40215 are up 1.0% over the past year, and up 6.4% a year over five years.
What is the typical rent in 40215?: A typical home in 40215 rents for about $1,235 a month, a gross rental yield of 10.6%.
What is the property tax rate in 40215?: The effective property tax rate in 40215 is 0.9% — roughly $1,282 a year on a typical home.
Who lives in 40215?: ZIP code 40215 has a population of 20,532 and a median household income of $43,725.

#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 40215 →
Louisville, KY
Typical home
$140,897
Gross yield
10.0%
40177 vs 40215 →
West Point, KY
Typical home
$132,053
Gross yield
—
40203
Louisville, KY
Typical home
$154,723
Gross yield
8.8%
40209
Louisville, KY
Typical home
$121,295
Gross yield
—
40211
Louisville, KY
Typical home
$97,812
Gross yield
14.8%
40210
Louisville, KY
Typical home
$89,255
Gross yield
16.3%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 40215 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · KY40215

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