Zip 40229 (Louisville, KY) Housing

The housing market in 40229 Louisville, KY is strong. The median value of homes in the area is $217,300, which is significantly lower than the US House median value of $338,100. Despite the lower median value, the 1 year house appreciation rate in this area is 9.79%, slightly higher than the US overall appreciation rate of 8.27%. This suggests that investing in homes in this area would be a smart choice for prospective homeowners looking to make a profitable and sustainable purchase.

The median home cost in Louisville (zip 40229) is $217,300. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Louisville (zip 40229) is up 11.5%.

Average Age of Homes

- The median age of Louisville (zip 40229) real estate is 37 years old

The Rental Market in Louisville (zip 40229)

- Renters make up 20.5% of the Louisville (zip 40229) population
- 1.9% of houses and apartments in Louisville (zip 40229), 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
	15,372.0	139,647,020.0
	36	42
	$217,300	$338,100
	11.5%	16.6%
	44.6%	57.0%
	74.6%	101.1%
	$8.69	$10.98
	$1,341	$2,690
	70.3%	57.4%
	4.2%	11.2%
	25.5%	31.4%
Vacant Housing
	1.9%	1.9%
	0.2%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	0.2%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	4.7%	2.6%
	1.1%	2.4%
	0.9%	2.8%
	1.1%	3.9%
	5.4%	4.5%
	33.8%	11.3%
	27.3%	13.0%
	21.3%	20.1%
	2.5%	13.6%
	0.7%	8.3%
	0.3%	9.7%
	0.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	20.8%	13.6%
	20.8%	13.6%
	15.2%	13.6%
	7.4%	13.2%
	21.4%	14.8%
	15.2%	13.6%
	7.5%	10.0%
	1.7%	4.7%
	0.3%	12.2%

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