Zip 40216 (Louisville, KY) Housing

Housing in 40216 Louisville, KY is currently valued at $178,600, which is significantly lower than the US House Median Value of $338,100. Despite this difference in value, the one year appreciation rate for houses in 40216 Louisville is higher than that of the US at 9.79%, compared to 8.27%. This makes Louisville an attractive option for those looking to invest in real estate as prices are relatively low yet appreciation rates remain high.

The median home cost in Louisville (zip 40216) is $178,600. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Louisville (zip 40216) is up 11.5%.

Average Age of Homes

- The median age of Louisville (zip 40216) real estate is 54 years old

The Rental Market in Louisville (zip 40216)

- Renters make up 33.3% of the Louisville (zip 40216) population
- 3.1% of houses and apartments in Louisville (zip 40216), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Louisville, Kentucky	United States
	19,081.0	139,647,020.0
	58	42
	$178,600	$338,100
	11.5%	16.6%
	44.6%	57.0%
	74.6%	101.1%
	$9.29	$10.98
	$1,173	$2,690
	56.3%	57.4%
	8.8%	11.2%
	34.9%	31.4%
Vacant Housing
	3.1%	1.9%
	0.4%	0.4%
	0.5%	0.7%
	0.2%	0.4%
	0.0%	3.6%
	4.6%	4.1%
Value of Owner-Occupied Housing
	2.3%	2.6%
	1.3%	2.4%
	2.8%	2.8%
	6.1%	3.9%
	13.1%	4.5%
	47.2%	11.3%
	15.6%	13.0%
	8.1%	20.1%
	0.4%	13.6%
	0.9%	8.3%
	1.8%	9.7%
	0.0%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.5%	13.6%
	5.5%	13.6%
	5.5%	13.6%
	5.7%	13.2%
	12.6%	14.8%
	5.5%	13.6%
	31.8%	10.0%
	7.2%	4.7%
	3.7%	12.2%

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