The story of this market
The typical home in ZIP 40031 sells for about $393,126, or $202 per square foot.
Prices are up +1.4% from a year ago, so sellers still have some momentum. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,092 a month.
ZIP 40031 — La Grange
The 40031 housing market shows resilience with steady year-over-year price growth and a competitive environment for buyers. While inventory remains tight, the area's strong school district and proximity to Louisville continue to drive demand. Note that some figures, such as specific months of supply and price cut percentages, are estimated based on regional trends as precise ZIP-level data is not explicitly published.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools and a manageable commute to Louisville, while offering more space than the urban core.
Median prices moved up 1.4% year over year.
Homes spend a median of 64 days on market with 4.1 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 6.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 40031, Oldham County KY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime in La Grange is generally low, with the area experiencing lower rates of violent and property crime compared to the national average and regional urban centers like Louisville.
The area is served by the Oldham County School District, which is consistently ranked among the top-performing public school systems in Kentucky.
The region faces moderate risks from severe thunderstorms and occasional wind events, with standard flood insurance requirements for properties located in designated floodplain areas near local creeks.
La Grange benefits from its proximity to the Louisville metropolitan area, with ongoing residential development and infrastructure improvements supporting its role as a growing suburban hub.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kentucky) — Kentucky Ad Valorem Property Tax: Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value.
Residents primarily commute via I-71, providing a direct route to downtown Louisville, typically taking 30-40 minutes depending on traffic conditions.
The area features several local parks, including the Wendell Moore Park and the La Grange Railroad Museum, with easy access to regional golf courses and shopping centers in the surrounding Oldham County area.
The rental market is characterized by high demand and low vacancy rates, with a mix of single-family rentals and newer apartment complexes catering to commuters.
The local economy is anchored by education, healthcare, and retail, with many residents employed in the broader Louisville-Jefferson County metropolitan area.
The area is primarily served by I-71 and KY-146, with limited public transit options, making personal vehicle ownership essential for most residents.
Development is focused on expanding residential capacity in the northern and eastern sections of the ZIP code to accommodate population growth.
The Oldham County Property Valuation Administrator manages assessments, typically conducting physical inspections on a four-year cycle.
Parcels are subject to Oldham County School District taxes and various local utility district assessments.
Property insurance premiums are stable, though homeowners in specific flood-prone areas near the Ohio River basin may face higher rates.
Data retrieved from ZCTA-level census tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Malibu Jack's Louisville4.416.5 mi
- Sky Zone Trampoline Park4.113.1 mi
- Activate Games4.916.9 mi
- Dave & Buster's Louisville416.2 mi
- All About Kids4.515.8 mi
- Topgolf Louisville415.8 mi
- Malibu Jack's Louisville4.416.5 mi
- Golden Corral Buffet & Grill417.6 mi
- Kentucky Renaissance Fair4.714.4 mi
- Mellwood Art Center4.619.3 mi
- Cinemark Tinseltown Louisville and XD4.411 mi
- E.P. Tom Sawyer State Park4.612 mi
- Charlestown State Park4.711.7 mi
- Yew Dell Botanical Gardens4.76 mi
- Hindu Temple Of Kentucky4.810.2 mi
- Mellwood Art Center4.619.3 mi
- Locust Grove4.816 mi
- Louisville Water Tower4.618 mi
- Preston Arts Center, Inc.4.914.8 mi
- Whitehall4.718.3 mi
- E.P. Tom Sawyer State Park4.612 mi
- Charlestown State Park4.711.7 mi
- Yew Dell Botanical Gardens4.76 mi
- Creasey Mahan Nature Preserve4.89.4 mi
- Long Run Park4.510.4 mi
- Louisville Boat Club4.516.5 mi
- Admirals Anchor4.615.9 mi
- RiverPark Place Marina4.519.7 mi
- Jeffersonville’s Fishermans Wharf4.620 mi
- Valhalla Golf Club4.812.4 mi
- Long Run Course3.610.5 mi
- Eagle Creek Golf Course4.23.8 mi
- Sleepy Hollow Golf Course4.37.3 mi
- Oldham County Country Club4.52.1 mi
- Publix Super Market at Terra Crossing4.510.9 mi
- Meijer4.311 mi
- T.J. Maxx4.311.2 mi
- HomeGoods4.411.2 mi
- Paddock Shops4.511.5 mi
- Louisville Muhammad Ali International Airport4.324.1 mi
- Bowman Field4.518.7 mi
- Louisville Regional Airport Authority4.323.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large community park with sports fields, fishing, and walking trails.
Historic attraction celebrating the city's rail heritage.
Historic downtown district with local boutiques and restaurants.
Key-figure check: median price diverges 15.3% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: confirmed genuine market swing — the flagged $393,126 was independently re-read and corroborated by 2 source(s); it stands as the new anchor baseline.