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Louisville

Louisville

Located in Jefferson County

$239,187 Average Value
$177 Average Price per Sq Ft
115 Homes For Sale

Louisville has become a welcoming place for all

Louisville is Kentucky’s largest and most culturally diverse city. Once a hotbed of segregation, redlining and racial policy, today the city can claim achievements like its certification as a welcoming city for immigrants and a perfect 100 score on the Human Rights Campaign’s Municipal Equality Index for eight years in a row. Other recent recognitions include 2023 Travel + Leisure rankings as both the No. 9 Foodie City in the country and the No. 4 Most Beautiful and Affordable Place to Live in the United States.

Due to its opportune location just above the Falls of Ohio, the city has served as a trade and transportation hub from its beginnings. It was home to native tribes like the Cherokee and Choctaw. Today, the city is known for products like nationally acclaimed bourbon and Louisville Slugger bats, which are still produced in the city today. Top employers like GE Appliances and Yum! Brands help anchor the economy, opening up the city and its surrounding counties for those looking to buy homes.

In addition to a lively food and dining scene, Louisville is also known for its entertainment venues, the most famous of which is Churchill Downs . Home to the Kentucky Derby, this world-famous racetrack brings more than 100,000 visitors to the city each year. Started in 1872 by Meriwether Lewis Clark, the grandson of William Clark, the Kentucky Derby is an institution in the city, with a full race schedule throughout the year and a week of events leading up to the big race every May.

The Big Bat outside the Louisville Slugger Museum is a draw to downtown Louisville.
The Big Bat outside the Louisville Slugger Museum is a draw to downtown Louisville.
Brough Brothers Distillery produces exceptional spirits in the heart of Park Hill.
Brough Brothers Distillery produces exceptional spirits in the heart of Park Hill.
The KFC Yum Center is the premier venue space for talent across the globe.
The KFC Yum Center is the premier venue space for talent across the globe.
Churchill Downs are an important cultural hub for Louisville.
Churchill Downs are an important cultural hub for Louisville.
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Bourbon and diverse dining in Kentucky's melting pot

Besides the Derby, Louisville is best known for its bourbon. Bourbon was first invented in the late 1700s when farmers discovered that the water around Louisville lent a unique and appealing flavor to distilled beverages. Warehouse and sales offices sprang up around the booming industry. Distilleries like Angel's Envy and Buzzard's Roost are known for offering tastings, classes and bottle-your-own bourbon experiences.

Another factor shaping the city's buzzy dining scene is its large percentage of immigrants. Names of neighborhoods such as Germantown and Irish Hill clearly express the cultural identities of the city's earliest immigrants. By 1900, immigrants made up 10% of Louisville’s population. Restaurants like O'Shea's Irish Pub and Gralehaus are staples in the Original Highlands community, a lively district along Bardstown Road known for its nightlife, brewpubs and karaoke bars.

“Louisville is a big melting pot,” says Miriam Castano Reyes, Realtor with Zhomes Real Estate and Louisville resident since 2002. “It’s easy to get started here, and it’s quite immigrant-friendly.” In 2020, the number of foreign-born residents in Louisville topped 50,000, comprising more than 9% of the population of Jefferson County. Throughout the area, immigrants are again shaping the culture of neighborhoods and bringing flavors from their home countries to the Bluegrass State. Residents can drive around town to try West African and Vietnamese dishes, sample Bosnian baked goods and stock up on sauces and meats at the Russian market.

Jim Beam Distillery is a major employer near Mount Washington and a world renowned brand.
Jim Beam Distillery is a major employer near Mount Washington and a world renowned brand.
You can't go wrong with a strawberry margarita from Havana Rumba.
You can't go wrong with a strawberry margarita from Havana Rumba.
O'Shea's Irish Pub is situated in the main retail hub of Original Highlands.
O'Shea's Irish Pub is situated in the main retail hub of Original Highlands.
Queen of Sheba near Hawthorne offers residents authentic Ethiopian cuisine.
Queen of Sheba near Hawthorne offers residents authentic Ethiopian cuisine.
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A growing Louisville metro and historic architecture

As the 27th most populated city in the United States, Louisville is continuing to grow. The city's population is about 625,000 people, but the surrounding metropolitan area boasts a population of nearly 1.4 million.

Median home prices are currently around $300,000 in Louisville, which is significantly below the national average but still higher than surrounding areas. "There is an issue with affordable housing here due to the discrepancy between wages and home prices, Castano Reyes says. “We have a small inventory, and anything that lists under $300,000 will get multiple offers.” Farther from the city’s center, new developments are constantly underway as the city expands to meet the needs of its growing population. The median home price to the south in Bullitt County is just $275,000, while homes across the Ohio River in Indiana have a median price of $250,000. “It’s more affordable, and the school systems are considered good, but there isn’t as much to do,” Castano Reyes says.

Within the city, Louisville is known for its Victorian architecture. Former tobacco warehouses feature cast-iron façades and Gothic Revival-style churches display handcrafted masonry. Old Louisville , a registered historic district, is home to well-kept Italianate, Chateauesque and Queen Anne-style residences from the early 1900s. To find Tudor Revival-style homes, buyers can look in the Cherokee Gardens and Cherokee Seneca neighborhoods. Perhaps one of the most ubiquitous styles is the shotgun-style houses, which can be found throughout Downtown Louisville and especially in Germantown.

Large two-story single-family homes make up most of the Cherokee Triangle neighborhood.
Large two-story single-family homes make up most of the Cherokee Triangle neighborhood.
Downtown Louisville has grown up from its early days as a settlement on the Ohio River.
Downtown Louisville has grown up from its early days as a settlement on the Ohio River.
Tudor is a popular home style in the Cherokee Triangle neighborhood.
Tudor is a popular home style in the Cherokee Triangle neighborhood.
Covered porches, perfect for engaging conversations, are a hallmark of many Chickasaw homes.
Covered porches, perfect for engaging conversations, are a hallmark of many Chickasaw homes.
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Frederick Law Olmsted parks and the Louisville Loop

In 1891, the city of Louisville commissioned Frederick Law Olmsted to design a system of parks. His project began with three parks: Cherokee Park, known for its rolling hills and shady groves of trees; Iroquois Park, home to a 10,000-year-old forest and Shawnee Park, whose natural beauty lies in its location along the Ohio River. To connect the parks, tree-lined parkways were added. In later years, the Olmsted firm worked to add more parks, including Chickasaw Park, which was designed for Black residents during segregation when other parks were inaccessible to them. Today, the city is working to distinguish itself as a city of parks by adding new green spaces like the Parklands of Floyds Fork and the Louisville Loop Trail. Currently, this bike path and running trail stretches for 25 miles west of downtown but planned connections to Southern Indiana and surrounding Kentucky counties will extend the trail up to 100 miles.

Sports fans can also find their fill in Louisville. Besides horse racing, collegiate sports are particularly popular, with the University of Louisville and Bellarmine University both competing at the NCAA's Division I-level. The Louisville Cardinals play football at the 60,000-seat L&N Federal Credit Union Stadium, while basketball and volleyball teams both compete in the KFC Yum! Center. The city is also home to minor league baseball and soccer teams, as well as a major league women's soccer team, Racing Louisville FC. East of the city, Valhalla Golf Club has an 18-hole course that's hosted the Ryder Cup and four PGA Championships.

Louisville is also known for having four distinct seasons, with an average of 17 inches of snowfall per year and an average high temperature of 87 degrees in the summer. Though flooding along the Ohio River is infrequent, FEMA requires varying levels of flood insurance for some homes near Ohio and its tributary creeks. A system of over 26 miles of levees and floodwalls helps protect the city against flooding.

Cherokee Park connects to Cherokee Triangle, perfect for enjoyable bike rides.
Cherokee Park connects to Cherokee Triangle, perfect for enjoyable bike rides.
Jeffersonville is minutes away from downtown Louisville.
Jeffersonville is minutes away from downtown Louisville.
The path to the North Overlook at Iroquois Park is .10 of a mile.
The path to the North Overlook at Iroquois Park is .10 of a mile.
Board, bike and flip at the Extreme Park located along the edge of the Butchertown area..
Board, bike and flip at the Extreme Park located along the edge of the Butchertown area..
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Commuter times and the Muhammad Ali International Airport

The average commuter time in Louisville is around 22 minutes, which is an increase of about one minute since 2009. “It’s an easy city to get around,” Castano Reyes says. In addition to city roads, locals can travel along Interstates 64, 65 and 71, all of which connect the city with outlying areas. Currently, only 3% of residents regularly use public transportation, but the city is trying to improve the service to make it more accessible and streamlined. The Transit Authority of River City offers 19 local bus routes, as well as a bus service for individuals with disabilities. The Louisville Muhammad Ali International Airport, about 6 miles south of downtown, offers direct flights to more than 30 locations, with airliners ranging from Southwest to United. Locals also have access to a renowned hospital network. The University of Louisville Health Hospital downtown has a Level I Trauma Center, as well as burn, stroke and cancer centers.

Louisville events to keep busy with

Louisville offers a range of events and activities for those wanting to stay active. The Highland Festival Grounds is home to music festivals like Louder than Life and Bourbon & Beyond, both of which feature national headlining acts. Before the Kentucky Derby, city residents can attend a parade through downtown and a fireworks and airshow known as Thunder Over Louisville, which involves more than 60 tons of pyrotechnics.

For something historical, the Belle of Louisville is a National Historic Landmark that was built in 1914 and is open for riverboat cruises. The city also offers museums, such as the Speed Art Museum in University , which has community outreach programs, summer camps for children and monthly After Hours at the Speed events. Kids may enjoy the interactive exhibits at the Kentucky Science Center and the boxing artifacts at the Muhammad Ali Center. The Louisville Ballet and the many theaters lining West Main Street are also a center for dance and performance.

The Belle of Louisville docks at downtown and offers cruises up and down the Ohio.
The Belle of Louisville docks at downtown and offers cruises up and down the Ohio.
The Speed Art Museum offers a vast collection of art for visitors to explore and enjoy.
The Speed Art Museum offers a vast collection of art for visitors to explore and enjoy.
The Kentucky Science Center in downtown Louisville is a popular spot for kids.
The Kentucky Science Center in downtown Louisville is a popular spot for kids.
The Muhammad Ali Center in downtown Louisville pays homage to the city's most famous son.
The Muhammad Ali Center in downtown Louisville pays homage to the city's most famous son.
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Jefferson County School District and other options

Jefferson County Public Schools rates as a B on Niche and has 167 schooling options. “JCPS has 32 magnet schools and magnet programs with themes ranging from Spanish immersion, STEM, Montessori, visual and performing arts and International Baccalaureate,” says Mark Hebert, the communications manager for JCPS. “The newest magnet options are single-gendered boys’ and girls’ Afrocentric-themed schools, as well as a STEM high school with a focus on data science, digital design and video game development.”

Surrounding counties offer comparable public educational options as well. Just north of Louisville, Greater Clark County Schools serves over 10,000 students in the Jeffersonville area and earns a B from Niche. Bullitt County Public Schools serves over 12,800 students in Shepherdsville and it's surrounding areas and earns a B-minus from Niche.

Private schools options are also abundant, with more than 95 religious and secular choices in the city. Kentucky Country Day School and Louisville Collegiate School are both in the city and rank as the No. 1 and No. 2 best private high schools in Kentucky according to Niche.

For continued education, the University of Louisville is a leading public university with programs in manufacturing and technology. It also has a hospital and health care system that is one of the largest employers in the city. Bellarmine University is a smaller private Catholic university known for its liberal arts programs, while Jefferson Community & Technical College offers programs ranging from computer and information sciences to industrial mechanics.

Important to know

According to FBI Crime Data Explorer, Louisville's violent and property crime rates are just over twice the national average. Despite overall crime rates hitting an all-time high during the pandemic, which was common throughout the United States, the city's violent crime rates have decreased by 30% since 2021. This statistic applies only to the city itself, however, as most of its surrounding areas have crime rates that fall below the national average.

Louisville has many plans underway to improve the quality of life for residents. To improve transportation and air quality, the city is adding bike lanes and restructuring downtown streets to enable easier bike commutes. The airport is also working to convert to a geothermal power source. To better serve the increasing number of foreign-born residents, Louisville is researching ways to adapt emergency response procedures to be more accessible to non-native English speakers as well.

In addition, new museums are under construction. In 2024, a new children’s museum, Adventure House of You, is slated for completion. It will feature hands-on exhibits based on Louisville culture and history. The American Printing House for the Blind is working to create the Dot Experience Museum, which will include artifacts such as Stevie Wonder’s piano and Helen Keller’s desk.

Bayley Malo
Written By
Bayley Malo
William Brymer
Photography Contributed By
William Brymer
James Segars
Video By
James Segars

Interested in learning more about homes in this area? Reach out to John Ashcraft, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Louisville Housing Trends

Housing Trends

Median List Price
$355,000
Median Sale Price
$340,000
Median Single Family Sale Price
$372,180
Median Townhouse Sale Price
$215,000
Median 2 Bedroom Sale Price
$234,900
Median Change From 1st List Price
0%
Last 12 months Home Sales
1,478
Median Home Sale Price YoY Change
0%
Average Price Per Sq Ft
$177

Neighborhood Facts

Number of Homes in Neighborhood
223,103
Number of Homes for Sale
115
Median Year Built
1962
Months of Supply
0.90
Average Single Family Home Size Sq Ft
1,944
On par with the national average
1,924
Average Townhouse Size Sq Ft
2,185
Average 2 Bedroom Size Sq Ft
1,335
Average 1 Bedroom Size Sq Ft
1,118
Average Studio Size Sq Ft
653
Median Lot Size Sq Ft
7,840

Open Houses

  • Saturday, Aug 2
    2 - 4pm

    6505 Ridge Cliff Rd, Louisville, KY 40228

    $395,000

    • 4 Beds
    • 2 Baths
    • 2,894 Sq Ft
    • 6505 Ridge Cliff Rd
    • New 7 days ago

    This completely renovated four-bedroom, two-bathroom home offers the perfect blend of classic charm and modern comfort. The original hardwood floors have been beautifully refinished throughout, creating a warm and inviting atmosphere that flows seamlessly from room to room. The thoughtful renovation preserves the home's character while incorporating contemporary updates.The finished

    Agent Photo
    Meagan Moremen
    The Breland Group
    (502) 237-7666
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  • Sunday, Aug 3
    1 - 3pm

    3003 Treeview Ct, Louisville, KY 40214

    $137,500

    • 3 Beds
    • 3 Baths
    • 1,222 Sq Ft
    • 3003 Treeview Ct
    • New 4 days ago

    Welcome home to this sunlit condo retreat! With skylights that pour in natural light, brand-new windows in the front face of condo. Home offers peace of mind and loads of potential, with all brand new kitchen appliances. Bright and airy two-story condo with a basement AND 1 car garage attached! Enjoy beautiful natural light from skylights in the stairwell and bathroom. Freshly updated front

    Agent Photo
    Wendy Harris
    Diamond Key REALTORS
    (502) 673-1832
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  • Saturday, Aug 2
    2 - 4pm

    10029 Windcrest Farms Ln, Louisville, KY 40291

    $314,900

    • 3 Beds
    • 2.5 Baths
    • 2,187 Sq Ft
    • 10029 Windcrest Farms Ln
    • New 16 days ago

    This stunning Wembley floor plan by Fischer Homes offers effortless one-floor living with the bonus of a spacious loft. Boasting 3 bedrooms, including a first-floor primary suite, this home features an open and airy layout perfect for modern living. The open-concept design blends living, dining, and kitchen spaces seamlessly, while the loft provides a versatile area for a home office, guest

    Agent Photo
    Nicole Rankin
    Coldwell Banker Realty FM
    (502) 431-2553
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Homes for Sale

Homes for Rent

Condo Buildings

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Louisville Has More Owners

Demographics

Total Population
628,082
Median Age
39
Population under 18
24.1%
On par with the national average
23.8%
Population over 65
18.6%
On par with the national average
19.1%

Finances

Median Household Income
$58,913
Below the national average
$71,702
Average Household Income
$82,992

Education and Workforce

High School Graduates
90.3%
College Graduates
31.9%
On par with the national average
34.1%
Advanced Degrees
12.9%
% Population in Labor Force
66.8%
On par with the national average
65.1%

Weather

Annual Precipitation
48''
Average Winter Low Temperature
28°F
Average Summer High Temperature
89°F
Annual Snowfall
14''

Area Factors

Somewhat Bikeable

Bike Score®®

36 / 100

Car-Dependent

Walk Score®®

22 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Louisville
John Ashcraft
Ashcraft Real Estate Services
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