Housing market/Kentucky/ZIP 40229
ZIP 40229 Louisville, Kentucky
Louisville, KY-IN HUD Metro FMR Area · Kentucky. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 40229 · KY — sent to you.
ZIP 40229 · KY
ACS rent vs 2BR SAFMR
ZIP 40229 — Louisville, KY HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 40229
- 1-unit detached12,46779.0%
- 1-unit attached5313.4%
- 2–4 units4492.8%
- 5–49 units1,75611.1%
- 50+ units1541.0%
- Mobile4152.6%
2–4 unit share 2.8% · 5–49 unit share 11.1% · combined 2–49 14.0%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,294 (all bedrooms, occupied rentals).
- Median contract rent $1,067.
- Renters paying ≥30% of income 34.4%; ≥50% 15.3%.
- FY2027 2BR SAFMR $1,480 (1.144× ACS median gross rent).
Population
40,015 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +2.9%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 3 projects, 98 units.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 1,282 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 40229 26.5% of occupied households are renters; vacancy is 3.0%; ACS median gross rent is $1,294; population increased +2.9% between the 2018 and 2023 ACS vintages; the housing stock includes 449 units in 2–4-unit structures and 1,756 units in 5–49-unit structures; 3 LIHTC projects totaling 98 units; FY2027 2BR SAFMR is $1,480 versus ACS median gross rent of $1,294. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Kentucky research
ZIP 40229 is a Census / HUD profile for Louisville, KY-IN, KY. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 40229 — Louisville, KY HUD Section 8 Payment Standards / SAFMR·Kentucky ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Kentucky research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 40229?
ZIP 40229 (Louisville, KY-IN HUD Metro FMR Area) has 40,015 residents, 15,297 households, a renter share of 26.5%, median household income of $78,877, and ACS 2023 median gross rent of $1,294. Vacancy is 3.0%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 40229?
ACS counts 133 units in 2-unit buildings, 316 in 3–4 unit buildings, 915 in 5–9, 535 in 10–19, and 306 in 20–49. Combined 2–49 unit stock is 2,205 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 40229?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,480. See the full schedule and 90–110% payment-standard band on the ZIP 40229 — Louisville, KY HUD Section 8 Payment Standards / SAFMR.
Does this Kentucky ZIP profile include Georgia listings?
No. ZIP 40229 is Census / HUD research for Louisville, KY-IN HUD Metro FMR Area. Jeff Crowe CRE does not list Kentucky property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.