Housing market/Kentucky/ZIP 40208
ZIP 40208 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
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 40208 · KY — sent to you.
ZIP 40208 · KY
ACS rent vs 2BR SAFMR
ZIP 40208 — 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 40208
- 1-unit detached2,58838.8%
- 1-unit attached1832.7%
- 2–4 units1,53122.9%
- 5–49 units2,03830.5%
- 50+ units2974.4%
- Mobile380.6%
2–4 unit share 22.9% · 5–49 unit share 30.5% · combined 2–49 53.5%.
Units by bedrooms
Rent burden
- ACS median gross rent $914 (all bedrooms, occupied rentals).
- Median contract rent $759.
- Renters paying ≥30% of income 52.1%; ≥50% 29.2%.
- FY2027 2BR SAFMR $1,090 (1.193× ACS median gross rent).
Population
15,287 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -10.3%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 6 projects, 173 units.
- HUD project-based assisted MF: 2 properties, 160 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 1,817 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 40208 72.4% of occupied households are renters; vacancy is 18.5%; ACS median gross rent is $914; population changed -10.3% between the 2018 and 2023 ACS vintages; the housing stock includes 1,531 units in 2–4-unit structures and 2,038 units in 5–49-unit structures; 6 LIHTC projects totaling 173 units; FY2027 2BR SAFMR is $1,090 versus ACS median gross rent of $914. 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 40208 is a Census / HUD profile for Louisville, KY-IN, KY. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 40208 — 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 40208?
ZIP 40208 (Louisville, KY-IN HUD Metro FMR Area) has 15,287 residents, 5,442 households, a renter share of 72.4%, median household income of $37,714, and ACS 2023 median gross rent of $914. Vacancy is 18.5%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 40208?
ACS counts 552 units in 2-unit buildings, 979 in 3–4 unit buildings, 732 in 5–9, 671 in 10–19, and 635 in 20–49. Combined 2–49 unit stock is 3,569 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 40208?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,090. See the full schedule and 90–110% payment-standard band on the ZIP 40208 — Louisville, KY HUD Section 8 Payment Standards / SAFMR.
Does this Kentucky ZIP profile include Georgia listings?
No. ZIP 40208 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.