The housing market in 40218 Louisville, KY is an attractive prospect for potential buyers. The median value of homes in the area is $177,200 which is significantly lower than the national median of $338,100. Over the past year, house appreciation has shown a rise of 9.79%, higher than the national average of 8.27%. With this higher appreciation rate and a lower price point compared to the national average, 40218 Louisville, KY presents a great opportunity for potential homeowners to get into a more affordable neighborhood but still benefit from increasing property values.
The median home cost in Louisville (zip 40218) is $177,200. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Louisville (zip 40218) is up 11.5%.
Average Age of Homes
- The median age of Louisville (zip 40218) real estate is 47 years old
The Rental Market in Louisville (zip 40218)
- Renters make up 43.4% of the Louisville (zip 40218) population
- 1.0% of houses and apartments in Louisville (zip 40218), 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.