Rental Markets in Kentucky
DoorBase tracks rental market data across Kentucky by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.
Kentucky Rental Market Overview
The current sample of indexable Kentucky ZIP markets shows average median rent of $1,336, average median home value of $278,378, average cap-rate high of 4.5%, average vacancy of 7.9%, renter ratio near 35.3%, and median household income around $70,781. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.
Kentucky is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.
Featured Kentucky ZIP Markets
| ZIP | City | Rent | Cap Rate | Vacancy | Population |
|---|
| 40475 |
Richmond |
$1,145 |
1.9-3.5% |
7.4% |
65,030 |
| 42101 |
Bowling Green |
$1,141 |
2.7-4.3% |
9.2% |
63,290 |
| 41042 |
Florence |
$1,534 |
3.2-4.8% |
3.8% |
55,880 |
| 42701 |
Elizabethtown |
$1,299 |
2.7-4.3% |
6.7% |
53,240 |
| 40324 |
Georgetown |
$1,571 |
2.5-4.1% |
5.1% |
52,173 |
| 40601 |
Frankfort |
$1,024 |
2.2-3.8% |
6.4% |
51,627 |
| 40214 |
Louisville |
$1,105 |
2.8-4.4% |
9.4% |
45,986 |
| 42301 |
Owensboro |
$1,375 |
3.9-5.5% |
7.3% |
45,399 |
| 40356 |
Nicholasville |
$1,484 |
2.5-4.1% |
5.3% |
45,142 |
| 40509 |
Lexington |
$1,579 |
2-3.6% |
5.2% |
45,135 |
| 40216 |
Louisville |
$1,224 |
3.4-5% |
7.1% |
43,764 |
| 42303 |
Owensboro |
$975 |
2.4-4% |
5.8% |
42,038 |
| 40299 |
Louisville |
$1,459 |
2.3-3.9% |
3.5% |
41,724 |
| 42240 |
Hopkinsville |
$1,047 |
3.1-4.7% |
12.3% |
41,510 |
| 40291 |
Louisville |
$1,718 |
3.2-4.8% |
2.3% |
41,506 |
| 42104 |
Bowling Green |
$1,310 |
2.1-3.7% |
4.8% |
41,273 |
| 41017 |
Covington |
$1,475 |
2.3-3.9% |
4.9% |
40,661 |
| 40229 |
Louisville |
$1,500 |
3.5-5.1% |
3% |
40,015 |
| 40245 |
Louisville |
$1,685 |
1.7-3.3% |
3.8% |
39,261 |
| 40219 |
Louisville |
$1,331 |
3.3-4.9% |
4.7% |
39,107 |
| 40165 |
Shepherdsville |
$1,593 |
3-4.6% |
7% |
38,533 |
| 42420 |
Henderson |
$968 |
2.6-4.2% |
7.4% |
38,434 |
| 40272 |
Louisville |
$1,305 |
3.4-5% |
6.9% |
37,595 |
| 40515 |
Lexington |
$1,538 |
2.1-3.7% |
4.9% |
36,787 |
| 40391 |
Winchester |
$1,345 |
3-4.6% |
8.1% |
36,729 |
| 40517 |
Lexington |
$1,405 |
3.2-4.8% |
6.2% |
36,396 |
| 40511 |
Lexington |
$1,920 |
3.6-5.2% |
6.3% |
36,101 |
| 40220 |
Louisville |
$1,334 |
2.5-4.1% |
4.7% |
33,893 |
| 40218 |
Louisville |
$1,282 |
3.4-5% |
6.2% |
33,292 |
| 41051 |
Independence |
$2,074 |
3.7-5.3% |
2.6% |
32,192 |
| 42141 |
Glasgow |
$974 |
2.4-4% |
10.4% |
32,133 |
| 40065 |
Shelbyville |
$1,544 |
2.8-4.4% |
7.6% |
31,763 |
| 40241 |
Louisville |
$1,581 |
1.9-3.5% |
3.4% |
30,910 |
| 42001 |
Paducah |
$1,248 |
3.1-4.7% |
11.6% |
30,816 |
| 42071 |
Murray |
$1,088 |
3.2-4.8% |
15.4% |
30,750 |
| 40004 |
Bardstown |
$1,024 |
2-3.6% |
5.1% |
30,345 |
| 40701 |
Corbin |
$1,014 |
3.5-5.1% |
9.6% |
29,767 |
| 42003 |
Paducah |
$1,216 |
4.6-6.2% |
18.4% |
29,384 |
| 41018 |
Erlanger |
$1,305 |
3.2-4.8% |
4.9% |
28,707 |
| 40207 |
Louisville |
$1,497 |
1.7-3.3% |
6% |
28,633 |
| 40503 |
Lexington |
$1,544 |
2.4-4% |
6.3% |
27,825 |
| 41011 |
Covington |
$1,642 |
3.3-4.9% |
13.2% |
27,558 |
| 42431 |
Madisonville |
$858 |
3.1-4.7% |
13.5% |
27,095 |
| 40403 |
Berea |
$923 |
1.8-3.4% |
7.9% |
26,733 |
| 40502 |
Lexington |
$1,480 |
1.1-2.7% |
8.1% |
26,593 |
| 40258 |
Louisville |
$1,463 |
3.9-5.5% |
8.9% |
26,590 |
| 42718 |
Campbellsville |
$688 |
1.5-3.1% |
9.8% |
26,461 |
| 40504 |
Lexington |
$1,568 |
3.3-4.9% |
7.7% |
26,164 |
| 40422 |
Danville |
$1,118 |
2.4-4% |
8.2% |
25,997 |
| 40505 |
Lexington |
$1,227 |
3-4.6% |
9.1% |
25,855 |
| 40031 |
La Grange |
$1,963 |
2.8-4.4% |
4.3% |
25,697 |
| 42503 |
Somerset |
$1,213 |
2.9-4.5% |
10.6% |
25,638 |
| 41005 |
Burlington |
$2,078 |
3.8-5.4% |
4.6% |
25,621 |
| 41091 |
Union |
$2,450 |
3-4.6% |
4.6% |
24,371 |
| 40508 |
Lexington |
$1,192 |
3-4.6% |
12.9% |
24,356 |
| 40205 |
Louisville |
$1,424 |
1.8-3.4% |
6.7% |
24,335 |
| 40383 |
Versailles |
$1,619 |
2.4-4% |
7% |
24,228 |
| 40342 |
Lawrenceburg |
$1,271 |
2.7-4.3% |
6.7% |
23,739 |
| 42066 |
Mayfield |
$695 |
2.3-3.9% |
13.4% |
23,635 |
| 40741 |
London |
$825 |
2.5-4.1% |
12.6% |
23,303 |
Notable ZIP Markets in This Sample
The highest estimated cap-rate band in this sample tops out at 9.7% in ZIP 40211 (Louisville).
The lowest vacancy in this sample is 2.3% in ZIP 40291 (Louisville).
The highest median rent in this sample is $2,450 in ZIP 41091 (Union).
The highest median household income in this sample is $165,000 in ZIP 40059 (Prospect).
Rental Markets by City
Louisville
Louisville has 19 ZIP codes in this sample. Median rents range from $1,105 to $1,718. Estimated cap-rate bands reach up to 9.7% at the high end. Vacancy averages 6.9%. See ZIP 40214 for the full market profile.
Lexington
Lexington has 9 ZIP codes in this sample. Median rents range from $1,192 to $1,920. Estimated cap-rate bands reach up to 5.2% at the high end. Vacancy averages 7.4%. See ZIP 40509 for the full market profile.
Bowling Green
Bowling Green has 3 ZIP codes in this sample. Median rents range from $1,141 to $1,351. Estimated cap-rate bands reach up to 4.3% at the high end. Vacancy averages 6.9%. See ZIP 42101 for the full market profile.
Covington
Covington has 3 ZIP codes in this sample. Median rents range from $1,358 to $1,642. Estimated cap-rate bands reach up to 5.0% at the high end. Vacancy averages 9.1%. See ZIP 41017 for the full market profile.
Owensboro
Owensboro has 2 ZIP codes in this sample. Median rents range from $975 to $1,375. Estimated cap-rate bands reach up to 5.5% at the high end. Vacancy averages 6.5%. See ZIP 42301 for the full market profile.
Paducah
Paducah has 2 ZIP codes in this sample. Median rents range from $1,216 to $1,248. Estimated cap-rate bands reach up to 6.2% at the high end. Vacancy averages 15.0%. See ZIP 42001 for the full market profile.
London
London has 2 ZIP codes in this sample. Median rents range from $772 to $825. Estimated cap-rate bands reach up to 4.1% at the high end. Vacancy averages 11.0%. See ZIP 40741 for the full market profile.
Ashland
Ashland has 2 ZIP codes in this sample. Median rents range from $790 to $907. Estimated cap-rate bands reach up to 6.1% at the high end. Vacancy averages 12.6%. See ZIP 41102 for the full market profile.
Richmond
Richmond has 1 ZIP code in this sample. Sample median rent is $1,145. Estimated cap-rate bands reach up to 3.5% at the high end. Vacancy averages 7.4%. See ZIP 40475 for the full market profile.
Florence
Florence has 1 ZIP code in this sample. Sample median rent is $1,534. Estimated cap-rate bands reach up to 4.8% at the high end. Vacancy averages 3.8%. See ZIP 41042 for the full market profile.
Elizabethtown
Elizabethtown has 1 ZIP code in this sample. Sample median rent is $1,299. Estimated cap-rate bands reach up to 4.3% at the high end. Vacancy averages 6.7%. See ZIP 42701 for the full market profile.
Georgetown
Georgetown has 1 ZIP code in this sample. Sample median rent is $1,571. Estimated cap-rate bands reach up to 4.1% at the high end. Vacancy averages 5.1%. See ZIP 40324 for the full market profile.
How to Use the Kentucky Directory
Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.
The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.
State Coverage and Internal Links
This page links into the canonical ZIP URL structure, such as /rentals/ky/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.
DoorBase currently tracks 80 sampled ZIP markets across 46 Kentucky cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.
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