Welcome to our 40241 real estate data hub, tailored for investors in Louisville, KY. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 40241 in Louisville, KY. Discover Section 8 housing opportunities and challenges to maximize your investment potential in JEFFERSON COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Louisville, KY real estate investing. Uncover the wealth of information available, and position yourself for success in the Louisville property market.
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Location Overview
- Zip Code: 40241
- City: Louisville
- State: KY
- Metro Area: Louisville/Jefferson County, KY-IN
- County Name: JEFFERSON COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $376,985
- Average Home Price (Single Family Homes): $393,893
- Average Monthly Rental Price (All Types): $1,462
- Price-to-Rent Ratio: 21
- Zillow Projected % appreciation from 4/2023-4/2024: 0.8%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,380
- Average 3 Bedroom Section 8 Rental Rates: $1,830
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 22.76
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 17.17
- Number of Units Offered in Section 8 in the County: 6958
- Number of Occupied Units in Section 8 in the County: 6413
- Percentage of Section 8 Units Occupied in the County: 92.19999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 177.11
- Total % Appreciation since 2000 (Government Data): 93.27
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.16%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.97%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 24.25%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 37.4%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 66.75%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 67.52%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 89.5%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.25%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 7.29%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 19.34%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 34.57%