$136,483Average Value$319Average Price per Sq Ft8Homes For Sale
Convenient, suburban living at the heart of Derby City
Get ready and get set to jockey for a house in Churchill Downs, the site of the world-famous Kentucky Derby. A front-runner among nearby Louisville communities, this Kentucky thoroughbred neighborhood outpaces the rest with a unique blend of relaxed and welcoming suburban vibes with the celebratory atmosphere of The Possibility City. Churchill Downs is also "An affordable neighborhood with easy access to I-64, the University of Louisville and downtown,” says Deborah Cox, Realtor with RE/MAX 100. Just four miles south of downtown, residents enjoy a Triple Crown of convenience in Churchill Downs: a central location, plenty of entertainment nearby, and shopping and dining right around the corner. And, as the city of Louisville continues to grow, so does Churchill Downs: "More and more hotels and restaurants are continuing to pop up and replace abandoned industrial buildings, bringing new business to the area and more infrastructure for the derby," says Thomas Bellingham, a local Realtor with Keller Williams Sports and Entertainment who has been selling homes throughout greater Louisville since 2016. With the iconic Churchill Downs horse-racing track right at its heart, Churchill Downs is a time-tested neighborhood where some of The Derby City's biggest traditions and celebrations are right out residents' front doors.
Churchill Downs is just minutes from Downtown Louisville.
Churchill Downs is centrally located around many of Louisville's best attractions.
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Homes on the range in Churchill Downs
In its residential areas, Churchill Downs is composed of quiet, gridded streets and mature trees shading closely spaced properties. While it is a mostly urban area, the community has an almost rural feel with its sparse landscape and abundance of trees. Most homes have gated front yards quarter to whole acre lots and personal backyard space allows for time outside gardening or relaxing in the sunshine. Despite the premium location, homes here are also considered relatively affordable. With an average sales price of about $117,000, homes in Churchill Downs are more than $150,000 dollars less than those in the greater Louisville area, despite offering comparable land size and quality. Houses in Churchill Downs are mostly shotgun, Craftsman bungalows and cottage homes built in the early 20th century. While single and two-bedroom shotgun homes can sell for as low as $80,000 dollars, a remodeled bungalow with three to four bedrooms, one bath and a backyard can go for around $170,000 dollars.
Churchill Downs is a comfortable suburban neighborhood in the shadow of the famous racetrack.
The majority of homes in the neighborhood of Churchill Downs are Cottage style homes.
Beautiful trees and front yards are a common features of houses in Churchill Downs.
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Finding a way around greater Louisville
Fortunately for residents, Churchill Downs is right in the mix of things- just minutes from Interstate 65, the University of Louisville and downtown Louisville. Those working in the area can also find nearby employment at UPS, the local Amazon center and Louisville International Airport, which is just under three miles southeast of the neighborhood. In case of medical emergencies, residents can find the nearest hospital, Cardinal Station, just across Central Avenue.
Churchill Downs is connected to the rest of Louisville via TARC buses.
I-65 offers an easy way to get around Louisville from Churchill Downs.
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Stable eats around Churchill Downs
Shopping and dining are also close by for residents of Churchill Downs. Central Station shopping center is just across South Third Street with all the convenient stores and restaurants one may need. Pick up some groceries from Kroger or head over to local mom-and-pop restaurants like El Molcajete, known for its authentic Mexican cuisine. One of the menu highlights is the Molcajeteada, which is served in a mortar and made up of skirt steak, chicken breast, Mexican sausage cactus, cheese, grilled onions and jalapenos. Other popular items include the fish, steak, and chicken tacos. For another local option, try Wagner’s Pharmacy, a Louisville breakfast and lunch staple since 1922. “At Wagner’s, people come for the hamburgers and tips on race horses,” says Cox. Come out to join in on the fun and order the Wagner Burger, 1/3 pounds of Certified Angus Beef, made with lettuce, tomato, mayo and your choice of American and pepper jack cheese. They also serve breakfast. Order the Pam & Jack’s Omelette, with ham, bacon, sausage, green pepper, onion, tomato and two cheeses.
Tim Pages Cornerstore is a Churchill Downs staple offering delicious food.
Churchill Downs residents enjoy being close to a Louisville staple like Heine Brothers Coffee.
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Saddle up to go outside in southern Louisville
After dining out, Churchill Downs residents can take a bit of a breather at Wayside Park, a quiet, peaceful refuge across two acres of peace. The walking trail and benches invite residents to stretch their legs and enjoy the natural beauty of the park, while a memorial to the cycling pioneer A.D. Ruff offers historical insight into the development of Louisville. In addition to the memorial, there is also a historical marker for the Cycle Carnival: In 1987, 10,000 cyclists participating in the Carnival passed through Wayside Park during their journey to Iroquois Park. Following in their tracks, residents can also head over to Iroquois Park, which is the largest green space in the area. Throughout the 725-acre park, residents can ride horses along forested trails, practice shooting arrows at the archery range or aim for an ace on the park's disc golf course. The park also features basketball and tennis courts as well as a full 18-hole golf course that boasts a challenging hilly layout. At the Iroquois Park Overlook, a popular spot with panoramic views, residents can go on a walk up the hill and take in sights of the city skyline. Further below, the Iroquois Amphitheater is the official amphitheater for the Commonwealth of Kentucky and seats 2,400 people. Residents can find info for their schedule online, which ranges from movie nights and local theater to concerts and even festivals.
Wayside Park is a smaller, yet beautiful, green space in Churchill Downs.
Central Park is a beautiful green space and just a short drive from Churchill Downs.
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Career-focused education at Jefferson County schools
Students living in Churchill Downs start at Frayser Elementary, which receives a C-minus rating from Niche, before continuing on to other nearby schools like Noe Middle, which receives an A-minus. Older students continue on to Iroquois High, which earns a C according to Niche and is also part of the Academies of Louisville program. The Build Academy caters to students interested in masonry, electrical construction and carpentry. The Create Academy is best for students interested in creative and design pursuits in fields like video production and mechanical engineering. The Human Services Academy, meanwhile, is best for those looking to get into early childhood education, health and the culinary arts.
Churchill Downs students love the friendly and dedicated staff at Semple Elementary School.
Frayser Elementary School provides education in the neighborhood of
Taylor Berry.
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Horsing around in Greater Louisville
Those living in Churchill Downs are only eight minutes from Kentucky Kingdom & Hurricane Bay. Known for its thrilling roller coasters like Lightning Run and Storm Chaser, Kentucky Kingdom is endless fun. The water park Hurricane Bay is great to visit during the hot Kentucky summer months. Residents can relax on the lazy river of Castaway Creek or cool down at the Family Wave Lagoon. The Speed Art Museum is also just five minutes away and is one of the oldest and largest art museums in the state. Those in the mood for something with a bit higher energy can cheer on the Cardinals football team at the University of Louisville, which is just four minutes away from the neighborhood.
A short drive from the neighborhood of Churchill Downs is the Kentucky Kingdom Amusement Park.
Explore historic artifacts from across the world and right in Churchill Downs's backyard.
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Living near the Kentucky Derby: Louisville's mane event
Every year on the first Saturday of May, The Kentucky Derby comes to Churchill Downs, along with thousands of people from across the country flocking to the neighborhood to watch the races. Some people are shuttled into nearby hotels, while others look for convenient short-term rental options, often offered by residents of the neighborhood. Additionally, many residents "Rent out their parking and lawn space for derby-goers" during the races and are "Often able to supplement their income by doing so," says Bellingham. That being said, expect to see crowds around town during horse racing season!
Learn about the history of Churchill Downs at the Kentucky Derby Museum.
Churchill Downs is home to the annual Kentucky Derby, bringing tourists from all over.
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
Interested in learning more about homes in this area?
Reach out to
Richard Dean,
an experienced agent in this neighborhood.
Parks in this Area
South Central Park
Baseball/Softball
Basketball
Picnic Area
Parkhill Park
Iroquios Park
Central Park
G.G. Moore Park
Basketball
Picnic Area
Playground
Wayside Park
Transit
Airport
Louisville Muhammad Ali International
10 min drive
Bus
4th & Industry
Bus
W Hill & S 9th
Bus
3rd & Brook St
Bus
7th & Hill
Bus
Taylor & Earl
Bus
Taylor & Queen
Bus
7th & W Hill
Crime and Safety
1 - Low Crime, 10 - High Crime
Churchill Downs
US
Homicide
9
4
Sexual Assault
9
4
Assault with Weapon
8
4
Robbery
8
4
Burglary
8
4
Motor Vehicle Theft
7
4
Larceny
6
4
Crime Score
7
4
Source: WhatIsMyCrimeRisk.com
Churchill Downs Demographics and Home Trends
On average, homes in Churchill Downs, Louisville sell after 53 days on the market compared to the national average of 70 days. The median sale price for homes in Churchill Downs, Louisville over the last 12 months is $551,900.
Welcome to 2935 S. Third Street, Louisville, KY 40208 Imagine owning a piece of Louisville where history meets modern comfort. Nestled in one of the city's most vibrant neighborhoods, this charming duplex at 2935 S. Third Street offers not just a home, but a lifestyle. As you step inside, the warmth of refinished hardwood floors greets you, complemented by the lofty 10-foot ceilings that give the
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Trifecta Apartments has been transformed into THE place to live in Louisville, KY. Newly designed one-, two-, and three-bedroom apartments feature high-end finishes like granite countertops, a full appliance package and high-speed internet. A private parking deck, controlled property access and our renovated clubhouse are just a few of the community amenities our residents love. With a private
Get ready to move in to this amazing, updated first floor duplex minutes from UL and a backyard view of Jim Patterson Stadium. Features include: remodeled kitchen, new appliances including a dishwasher, new flooring throughout, new Energy Efficient windows, new light and bathroom fixtures. There is a washer/dryer included to alleviate the stress of a laundromat. You can enjoy hanging out on the
Revel in the night. Run in the morning. Meet the place that keeps up and plugs into a lifestyle thats uniquely you. Located in the heart of Old Louisville, Derby Row brings luxury home to you. Our brand new apartments are accented with designer furniture, quartz countertops, and stainless steel appliances. We want our residents to be successful throughout their career at University of Louisville.
Interested in learning more about homes in this area?
Reach out to
Richard Dean,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
4,869
Median Age
29
Population Density
7 ppl/acre
Population under 18
24.9%
On par with the national average
23.8%
Population over 65
10.5%
Below the national average
19.1%
Finances
Median Household Income
$27,187
Significantly below the national average
$71,702
Average Household Income
$37,842
Education and Workforce
High School Graduates
86.6%
College Graduates
19.2%
Below the national average
34.1%
Advanced Degrees
8.4%
% Population in Labor Force
60%
Below 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
Bikeable
Bike Score®
63/ 100
Somewhat Walkable
Walk Score®
59/ 100
Some Transit
Transit Score®
40/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
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.
