The housing median value in 40220 Louisville, KY is $254,200 which is significantly lower than the US house median value of $338,100. However, the 1 year house appreciation rate for this area is 9.79%, which is higher than the national average of 8.27%. This suggests that houses in this area have the potential for significant growth over time. With an already low median value and high appreciation rate, now may be an ideal time to invest in real estate in 40220 Louisville, KY.
The median home cost in Louisville (zip 40220) is $254,200. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Louisville (zip 40220) is up 11.5%.
Average Age of Homes
- The median age of Louisville (zip 40220) real estate is 44 years old
The Rental Market in Louisville (zip 40220)
- Renters make up 33.4% of the Louisville (zip 40220) population
- 1.4% of houses and apartments in Louisville (zip 40220), 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.