The story of this market
The typical home in ZIP 40203 sells for about $92,000, or $161 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $809 a month.
ZIP 40203 — Louisville
The 40203 housing market remains stable with a focus on rental demand and urban infill. While median prices have risen, the area continues to face challenges related to affordability and aging housing stock. Most data points are sourced from regional market reports as specific ZIP-level inventory metrics are often aggregated into the broader Louisville metro figures.
This ZIP is best suited for urban-dwelling renters, students, and investors looking for proximity to downtown employment and cultural amenities, rather than traditional family buyers seeking suburban space.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
15% 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 11.8% · poverty 43.3% — elevated distress and economic pressure.
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 10.2%/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 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 40203, 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.
Crime rates in the 40203 ZIP code are significantly higher than the national and regional averages, with property and violent crime being primary concerns for local law enforcement.
Public schools serving this area are part of the Jefferson County Public Schools district, which faces ongoing challenges regarding academic performance and resource allocation.
The area is primarily an urban environment with low wildfire risk, though localized flash flooding can occur during heavy rainfall events due to aging infrastructure.
Economic momentum is driven by downtown Louisville redevelopment projects, healthcare institutions, and the expansion of logistics and service-sector employers in the urban core.
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 benefit from high walkability and proximity to downtown Louisville employment hubs, with extensive access to public transit via TARC bus lines.
The area features proximity to several urban parks, including the historic Central Park and various community centers, alongside the dining and cultural amenities of the downtown and Old Louisville districts.
The rental market is characterized by high demand for affordable units, with a significant presence of multi-family housing and limited vacancy pressure in the lower-income segments.
The economy is anchored by healthcare, education, and government services, with major employers including the University of Louisville and various regional medical centers.
The area is served by a dense grid of city streets and is the primary hub for the TARC public bus system, providing connectivity to the broader Louisville metro area.
Development is focused on urban infill and the adaptive reuse of historic structures to support increased residential density.
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 municipal service districts.
Property insurance premiums are influenced by the urban density and the age of the housing stock, with standard coverage available for fire and liability.
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 Bay4.33.3 mi
- Malibu Jack's Louisville4.410 mi
- Activate Games4.99.5 mi
- Sky Zone Trampoline Park4.113.8 mi
- Dave & Buster's Louisville47.6 mi
- Churchill Downs4.72.8 mi
- Kentucky Exposition Center4.43.2 mi
- Louisville Slugger Museum & Factory4.81 mi
- KFC Yum! Center4.51.2 mi
- Kentucky International Convention Center4.50.9 mi
- Churchill Downs4.72.8 mi
- Louisville Slugger Museum & Factory4.81 mi
- Louisville Zoo4.54 mi
- Lights Under Louisville4.74.3 mi
- Louisville Mega Cavern4.54.4 mi
- Louisville Slugger Museum & Factory4.81 mi
- Kentucky Derby Museum4.72.6 mi
- The Waverly Hills Sanatorium4.68.9 mi
- Muhammad Ali Center4.81.1 mi
- Mellwood Art Center4.63.1 mi
- Waterfront Park4.71.7 mi
- Cherokee Park4.83.5 mi
- Falls of the Ohio State Park4.62.4 mi
- Iroquois Amphitheater4.75.8 mi
- E.P. Tom Sawyer State Park4.611.5 mi
- Louisville Boat Club4.55.8 mi
- RiverPark Place Marina4.52.7 mi
- Admirals Anchor4.66.5 mi
- Jeffersonville’s Fishermans Wharf4.62.5 mi
- Topgolf Louisville48.3 mi
- Woodhaven Country Club4.78.9 mi
- Seneca Golf Course4.25 mi
- Hidden Creek Golf Club4.58.4 mi
- South Seas Tiki & Golf Lounge4.32.2 mi
- Mall St. Matthews4.37.7 mi
- Jefferson Mall48.7 mi
- Oxmoor Center4.38.3 mi
- T.J. Maxx & HomeGoods4.47.9 mi
- Meijer4.29.3 mi
- Louisville Muhammad Ali International Airport4.35.3 mi
- Bowman Field4.55.4 mi
- Louisville Regional Airport Authority4.34.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Historic urban park designed by Frederick Law Olmsted.
Known for the largest collection of Victorian homes in the U.S.
Key-figure check: median price diverges 198.9% 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: the flagged $274,950 (+198.9% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.