Zip 40228 (Louisville, KY) Housing

The housing in 40228 Louisville, KY is very attractive for potential homeowners. The median value of housing in this area is $242,900, which is significantly lower than the US median value of $338,100. Additionally, the 1 year house appreciation rate in 40228 Louisville, KY is 9.79%, which is higher than the US 1 year appreciation rate of 8.27%. This makes it an ideal location to invest in real estate and watch your property values grow over time.

The median home cost in Louisville (zip 40228) is $242,900. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Louisville (zip 40228) is up 11.5%.

Average Age of Homes

- The median age of Louisville (zip 40228) real estate is 37 years old

The Rental Market in Louisville (zip 40228)

- Renters make up 14.5% of the Louisville (zip 40228) population
- 0.7% of houses and apartments in Louisville (zip 40228), 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
	7,269.0	139,647,020.0
	41	42
	$242,900	$338,100
	11.5%	16.6%
	44.6%	57.0%
	74.6%	101.1%
	$8.70	$10.98
	$1,555	$2,690
	79.3%	57.4%
	2.9%	11.2%
	17.9%	31.4%
Vacant Housing
	0.7%	1.9%
	0.5%	0.4%
	0.4%	0.7%
	0.0%	0.4%
	0.1%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	0.2%	2.4%
	0.5%	2.8%
	2.6%	3.9%
	2.5%	4.5%
	21.6%	11.3%
	31.9%	13.0%
	26.9%	20.1%
	10.0%	13.6%
	0.6%	8.3%
	0.7%	9.7%
	0.0%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	23.2%	13.6%
	23.2%	13.6%
	11.0%	13.6%
	6.2%	13.2%
	17.1%	14.8%
	11.0%	13.6%
	11.1%	10.0%
	1.5%	4.7%
	3.5%	12.2%

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