The story of this market
The typical home in ZIP 40202 sells for about $335,000, or $221 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $958 a month.
ZIP 40202 — Louisville
The 40202 housing market is currently stable, characterized by a high volume of condominium inventory and moderate sales velocity. Prices have seen a slight year-over-year correction, reflecting broader national trends in urban real estate. The market is driven by demand for downtown living, though high rental supply and interest rate sensitivity continue to influence buyer behavior.
This ZIP is ideal for young professionals, urban-dwelling downsizers, and investors seeking proximity to downtown employment and nightlife. It is less suited for families seeking traditional suburban housing or large yards.
Median prices moved down 2.1% year over year.
Homes spend a median of 68 days on market with 7.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.3% · poverty 34.9% — a mixed stability 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 6.8%/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 7.0%/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 40202, Jefferson 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.
The 40202 ZIP code, encompassing downtown Louisville, experiences higher rates of property and violent crime compared to the broader Jefferson County suburban average. Reported trends indicate concentrated activity in high-traffic commercial corridors.
Public schools serving the area are part of the Jefferson County Public Schools (JCPS) district, with performance ratings varying significantly by specific school site.
The area is located within the Ohio River floodplain, necessitating flood insurance for many properties. Urban heat island effects are pronounced due to high density and limited green space.
Downtown Louisville is the primary economic hub of the region, featuring major corporate headquarters, the Kentucky International Convention Center, and significant ongoing mixed-use redevelopment projects.
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.
The ZIP code is the central employment core of Louisville, allowing for high walkability and short commutes for residents working downtown. Transit access is provided by TARC bus lines.
The area features proximity to Waterfront Park, the Louisville Slugger Museum & Factory, and the Fourth Street Live! entertainment district. Numerous galleries and dining options are located within walking distance.
The rental market is deep, characterized by a high concentration of luxury lofts and short-term rental units. Vacancy pressure is moderate due to the high volume of new apartment deliveries in the downtown core.
The economy is anchored by healthcare, logistics, and tourism. Major employers include Humana, Norton Healthcare, and the University of Louisville.
The area serves as the hub for TARC public transit and provides immediate access to I-64 and I-65 highway corridors.
Development is heavily focused on urban infill and the adaptive reuse of historic structures within the downtown core.
The Jefferson County PVA conducts annual assessments to ensure property values reflect current market conditions.
Parcels are subject to Jefferson County Public Schools district taxes and various downtown-specific municipal service districts.
Property insurance premiums are influenced by the area's flood zone designation and the age of historic building stock.
Kentucky has seen modest net domestic migration gains, with urban centers like Louisville attracting a mix of regional talent.
Kentucky is a judicial foreclosure state, requiring court intervention to complete the foreclosure process.
Sellers are required to provide a comprehensive property disclosure form detailing known material defects at the time of listing.
Data retrieved from data.census.gov ZCTA-level 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.
- Kentucky Kingdom & Hurricane Bay4.34 mi
- Malibu Jack's Louisville4.49.5 mi
- Activate Games4.99 mi
- Sky Zone Trampoline Park4.113.1 mi
- Dave & Buster's Louisville46.9 mi
- Churchill Downs4.73.8 mi
- Kentucky Exposition Center4.43.9 mi
- Louisville Slugger Museum & Factory4.80.7 mi
- KFC Yum! Center4.50.2 mi
- Kentucky International Convention Center4.50.3 mi
- Churchill Downs4.73.8 mi
- Louisville Slugger Museum & Factory4.80.7 mi
- Louisville Zoo4.54.2 mi
- Lights Under Louisville4.74.5 mi
- Louisville Mega Cavern4.54.6 mi
- Louisville Slugger Museum & Factory4.80.7 mi
- Kentucky Derby Museum4.73.6 mi
- The Waverly Hills Sanatorium4.610 mi
- Muhammad Ali Center4.80.5 mi
- Mellwood Art Center4.62.1 mi
- Waterfront Park4.70.6 mi
- Cherokee Park4.83 mi
- Falls of the Ohio State Park4.61.6 mi
- Iroquois Amphitheater4.76.8 mi
- E.P. Tom Sawyer State Park4.610.6 mi
- Louisville Boat Club4.54.7 mi
- RiverPark Place Marina4.51.6 mi
- Admirals Anchor4.65.4 mi
- Jeffersonville’s Fishermans Wharf4.61.4 mi
- Topgolf Louisville47.7 mi
- Woodhaven Country Club4.78.9 mi
- Covered Bridge Golf Club4.512.9 mi
- Seneca Golf Course4.24.6 mi
- Hidden Creek Golf Club4.57.4 mi
- Mall St. Matthews4.37 mi
- Jefferson Mall49 mi
- Oxmoor Center4.37.7 mi
- T.J. Maxx & HomeGoods4.47.5 mi
- Meijer4.29.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major public park along the Ohio River featuring walking trails and event spaces.
A landmark attraction located in the heart of the downtown district.
A premier dining and entertainment district serving the downtown area.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).