FIPS 21111 · population 783,022 · part of Louisville, KY
The latest county-level Zillow ZORI is $1,400 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.
| Bedrooms | HUD monthly FMR | Geography | Measurement boundary |
|---|---|---|---|
| Studio | $966 | Jefferson County, KY | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 1 bedroom | $1,047 | Jefferson County, KY | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 2 bedrooms | $1,272 | Jefferson County, KY | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 3 bedrooms | $1,625 | Jefferson County, KY | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 4 bedrooms | $1,891 | Jefferson County, KY | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26
Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.
Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.
Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.
Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.
BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.
HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.
These Apartment List observations match the exact county Census code 21111. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.
Monthly overall-rent index; missing observations are not filled from another geography.
Jefferson County’s tension is a usable income screen against mixed price and liquidity evidence. Zillow’s county observation, labeled 2026-06, reports a $270,521 median home value, $1,400 monthly median asking rent and 6.21% gross yield before costs. Income-oriented buyers should investigate unit expenses and lease comparables; resale-led buyers should be cautious. Zillow’s positive direction is not interchangeable with FHFA’s 4.03% repeat-transaction HPI annual increase labeled 2025: methods and vintages differ, and HPI is not a home value.
Market rent is published, so stated gross yield can be screened, but it is not net cash flow. The $1,400 is measured asking rent; HUD’s $1,272 two-bedroom Fair Market Rent is a payment standard, not an asking-rent estimate. Being above that standard does not validate affordability or collections. The 0.86% effective property-tax rate is a known carrying-cost input; insurance, maintenance, vacancy, financing and operating expenses are not published, preventing a net-yield conclusion.
Realtor.com’s MLS listing market shows softer visible sales conditions: active listings rose 34.14%, median marketing time was 37 days, and 18.73% of listings had reductions. These are asking-price, supply, marketing-time and concession measures—not closed-sale prices or proof of buyer demand. Tax-return migration was net negative by 1,554 households; average income was $60,476 for arrivals and $74,760 for departures, so the outflow had higher reported income. QCEW annual covered employment at county workplaces declined while covered-worker weekly pay increased; it is neither resident employment nor unemployment. Trade, transportation, and utilities is the largest disclosed private supersector, not the whole economy.
Buyer competition is present but not dominant: 934 investor purchases among 10,034 total purchases equal a 9.31% non-owner-occupant mortgage share, so investors are a component rather than a standalone demand explanation. Inland flood is the dominant hazard, and modeled expected annual building-value loss is 0.17%; that county-level model cannot determine a property’s exposure. Before an underwriting conclusion, obtain parcel flood and insurance evidence, current rent comps and concessions, property operating history, and financing terms. Their absence prevents a defensible net-cash-flow, coverage, or exit-liquidity assessment.
This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.
Across the 12 selected direct-evidence ZIP/ZCTA matches, June 2026 Zillow ZORI—a typical observed asking-rent index—ranges from $1,057 to $1,468. The $411 gap makes a countywide figure insufficient for listing-level comparison, while the selected-set median is $1,351. The low end is represented by 40216 and the high end by 40229; these are market labels in the selected evidence, not a ranking of all county locations. The practical decision is therefore unit-specific: does a currently available listing at a given rent fit the household’s budget and bedroom needs, rather than does one ZIP label settle the choice? Zillow’s observed-rent series should frame today’s asking-rent comparison, with its annual changes treated as descriptive rather than predictive.
Three distinct rent measures answer different questions. The ACS 2024 five-year survey reports median gross rent, which spans $809 to $1,426 among these ZCTA-linked records and is $1,149 for the county; it is a survey estimate rather than a current advertised-price series. HUD’s FY2026 2-bedroom FMR is an administrative standard, ranging from $1,080 to $1,490 here and standing at $1,272 countywide. As a level benchmark only, the record with a $1,462 ZORI versus a $1,230 FMR is 118.9% of that standard. That comparison does not convert ZORI into a two-bedroom rent, establish a payment amount, or combine either series with ACS.
Affordability and supply signals also require separate reading. The ACS rent-burden measure ranges from 31.3% to 52.9% in the selected ZCTAs, and the county estimate lies within that span. ACS vacancy rates range from 3.3% to 21.7%, with the county estimate also inside the selected span, but vacancy is not a current count of available rental listings. In the 40211 record, the 52.9% burden share appears alongside a 21.7% vacancy estimate; neither measure explains the other. Its listed 30%-of-income threshold is $47,600, above the ZCTA-wide median household income of $31,749, a screening benchmark rather than a prediction of any applicant’s finances or eligibility.
Geographic matching narrows what can be concluded. In Jefferson County, Zillow’s ZIP label and the HUD postal crosswalk are used for display and assignment, whereas ACS data attach to a related Census ZCTA footprint; the two geographies can differ. ZIPs were assigned to this county when it held the largest share of HUD residential addresses, so an assigned label can still represent addresses beyond the county boundary. The direct set is selected rather than exhaustive, and it cannot describe every location in the county. Before relying on any listing, verify its street address and county, current availability, bedroom count, advertised rent, mandatory fees, utilities, concessions, lease term, and household qualification rules. Confirm the specific unit rather than extending a ZIP/ZCTA statistic to the property.
30 ZIP profiles passed the county gate; the 12 with the most renter households are shown.
| ZIP / ZCTA | Zillow asking rent | ACS gross rent | HUD 2BR | Burden 30%+ | Vacancy | Income screen | HUD county share |
|---|---|---|---|---|---|---|---|
| 40214 | $1,158 | $979 | $1,180 | 49.0% | 9.7% | $46k | 100.0% |
| 40219 | $1,462 | $993 | $1,230 | 42.9% | 3.9% | $58k | 100.0% |
| 40218 | $1,340 | $1,162 | $1,300 | 48.2% | 5.7% | $54k | 100.0% |
| 40203 | $1,101 | $809 | $1,100 | 51.3% | 15.0% | $44k | 100.0% |
| 40216 | $1,057 | $945 | $1,080 | 47.6% | 8.2% | $42k | 100.0% |
| 40220 | $1,372 | $1,229 | $1,460 | 40.5% | 4.4% | $55k | 100.0% |
| 40211 | $1,190 | $952 | $1,110 | 52.9% | 21.7% | $48k | 100.0% |
| 40206 | $1,362 | $1,187 | $1,400 | 36.9% | 9.8% | $54k | 100.0% |
| 40215 | $1,225 | $1,049 | $1,220 | 39.8% | 10.3% | $49k | 100.0% |
| 40222 | $1,403 | $1,426 | $1,490 | 38.6% | 8.1% | $56k | 100.0% |
| 40229 | $1,468 | $1,301 | $1,490 | 31.3% | 3.3% | $59k | 71.3% |
| 40299 | $1,440 | $1,340 | $1,470 | 36.4% | 3.7% | $58k | 99.5% |
Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.
Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.
0.173% of building value expected lost per year
$2,136 median annual bill
15,352 in · 16,906 out
$60,476 arriving · $74,760 leaving
934 of 10,034 mortgages
Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.
A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.
| County | Population | Price | Rent | Yield | Hazard |
|---|---|---|---|---|---|
| Jefferson County | 783,022 | $271k | $1,400 | 6.2% | inland flooding |
| Clark County | 124,354 | $270k | $1,304 | 5.8% | inland flooding |
| Bullitt County | 84,027 | $299k | $1,513 | 6.1% | inland flooding |
| Floyd County | 80,918 | $292k | $1,193 | 4.9% | inland flooding |
| Oldham County | 69,257 | $453k | $1,892 | 5.0% | inland flooding |
| Shelby County | 49,096 | $329k | $1,472 | 5.4% | inland flooding |
| Nelson County | 47,606 | $270k | $1,167 | 5.2% | inland flooding |
| Harrison County | 39,859 | $272k | n/a | n/a | inland flooding |
| Meade County | 30,158 | $274k | $865 | 3.8% | inland flooding |
No. The published figure is median asking market rent, while HUD Fair Market Rent is a two-bedroom payment standard.
No. They are MLS listing-market measures of asking prices, visible supply, marketing time and price reductions.
It measures annual covered jobs at workplaces in the county, not resident employment or unemployment.