Most Affordable ZIP Codes in Louisville/Jefferson County, KY-IN (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 40212 1% rule | Louisville, KY | $84,437 | $1,052 | 9.72% | 6.7% |
| 2 | 40210 1% rule | Louisville, KY | $91,295 | $1,198 | 10.23% | 8.0% |
| 3 | 40211 1% rule | Louisville, KY | $95,961 | $1,185 | 9.63% | 6.6% |
| 4 | 40209 | Louisville, KY | $123,859 | $1,035 | 6.52% | — |
| 5 | 40215 | Louisville, KY | $138,389 | $1,225 | 6.91% | 5.8% |
| 6 | 40208 | Louisville, KY | $140,761 | $1,149 | 6.36% | 6.3% |
| 7 | 40203 | Louisville, KY | $146,822 | $1,030 | 5.47% | 4.5% |
| 8 | 47110 | Corydon, IN | $201,903 | $999 | 3.86% | 6.5% |
| 9 | 47125 | Hardinsburg, IN | $206,665 | $1,071 | 4.04% | 5.5% |
| 10 | 40213 | Louisville, KY | $209,858 | $1,437 | 5.34% | 5.0% |
| 11 | 47129 | Clarksville, IN | $210,392 | $1,217 | 4.51% | 6.2% |
| 12 | 47167 | Salem, IN | $210,732 | $864 | 3.20% | 5.7% |
| 13 | 40118 | Louisville, KY | $210,939 | $1,209 | 4.47% | 6.9% |
| 14 | 40216 | Louisville, KY | $212,067 | $1,114 | 4.10% | 5.6% |
| 15 | 40050 | New Castle, KY | $214,506 | $963 | 3.50% | 5.7% |
| 16 | 40218 | Louisville, KY | $220,000 | $1,305 | 4.63% | 5.7% |
| 17 | 40214 | Louisville, KY | $221,557 | $1,101 | 3.88% | 5.4% |
| 18 | 40272 | Louisville, KY | $224,320 | $1,354 | 4.71% | 5.9% |
| 19 | 40258 | Louisville, KY | $229,047 | $1,567 | 5.34% | 5.5% |
| 20 | 47162 | New Washington, IN | $230,319 | $1,116 | 3.78% | 5.8% |
| 21 | 47115 | Depauw, IN | $230,405 | $963 | 3.26% | 4.9% |
| 22 | 40019 | Eminence, KY | $230,844 | $963 | 3.25% | 6.6% |
| 23 | 40011 | Campbellsburg, KY | $233,784 | $963 | 3.21% | 6.7% |
| 24 | 40150 | Lebanon Junction, KY | $235,540 | $963 | 3.19% | 2.5% |
| 25 | 47120 | Fredericksburg, IN | $236,946 | $963 | 3.17% | 5.6% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Louisville/Jefferson County, KY-IN · Appreciation in Louisville/Jefferson County, KY-IN
Or see the full Louisville/Jefferson County, KY-IN metro profile.