The housing market in 40280 Louisville, KY is appreciating at a slightly higher rate than the national average. According to recent statistics, the median value of housing in the area is $266,200 which is 20% lower than the US median of $338,100. Although the gap between the local and national values appear to be wide, appreciation rates in 40280 Louisville have been increasing steadily with a 1 year appreciation rate of 9.79%, higher than the US average of 8.27%. This growth demonstrates that there is potential for strong capital gains in this area for those looking to invest in real estate.
The median home cost in Louisville (zip 40280) is $266,200. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Louisville (zip 40280) is up 11.5%.
Average Age of Homes
- The median age of Louisville (zip 40280) real estate is 20 years old
The Rental Market in Louisville (zip 40280)
- Renters make up 77.3% of the Louisville (zip 40280) population
- 0.0% of houses and apartments in Louisville (zip 40280), 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.