The housing market in Louisville/Jefferson County, KY Metro Area is thriving. The median house value is $236,700, which is significantly lower than the US median of $338,100. This makes it an attractive area for potential buyers who want to get more value out of their investments. Furthermore, the 1 year house appreciation in this area has been 15.19%, which is higher than the national average of 8.27%. These high rates of appreciation mean that homeowners can expect to see a significant return on investment in the near future. All these factors make Louisville/Jefferson County, KY Metro Area an ideal place to buy a home and start a family.
The median home cost in Louisville-Jefferson County Metro Area is $236,700. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Louisville-Jefferson County Metro Area is up 12.9%.
Average Age of Homes
- The median age of Louisville-Jefferson County Metro Area real estate is 43 years old
The Rental Market in Louisville-Jefferson County Metro Area
- Renters make up 29.4% of the Louisville-Jefferson County Metro Area population
- 2.2% of houses and apartments in Louisville-Jefferson County Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.