The story of this market
The typical home in ZIP 40204 sells for about $299,000, or $206 per square foot.
Prices are down 8% from a year ago, which gives buyers more room to negotiate. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,400 a month.
ZIP 40204 — Louisville
The 40204 housing market is experiencing a cooling trend with median sale prices down 8.0% year-over-year to $299,000. Days on market have increased to 44 days, indicating a shift toward a less competitive environment. Several metrics including specific tax rates, income, and utility providers were not determinable at the ZIP level.
This ZIP is ideal for young professionals, couples, and those who value walkability and historic charm. It is less suited for families seeking large new-construction homes or those prioritizing suburban-style privacy.
Median prices moved down 8.0% year over year.
Homes spend a median of 44 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — 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 3.0%/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 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 40204, 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 in the 40204 area is generally consistent with urban Louisville trends, with property crime being the primary concern. Residents often note that safety varies significantly by specific neighborhood blocks within the ZIP.
The area is served by Jefferson County Public Schools, which offers a mix of magnet and traditional schools. School quality is highly variable depending on the specific school assignment and program.
The area faces standard urban risks, including localized flash flooding during heavy rain events. Insurance premiums are generally stable but reflect regional exposure to wind and storm damage common in Kentucky.
Economic momentum is driven by the proximity to downtown Louisville and the Highlands district, which serves as a major retail and dining hub. Development is largely infill-focused, emphasizing the preservation of historic residential character.
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 enjoy a short commute to downtown Louisville, typically under 20 minutes by car. The area is well-connected via major thoroughfares like Eastern Parkway and Bardstown Road.
The ZIP is anchored by Cherokee Park, a major Olmsted-designed green space offering extensive trails and recreational facilities. The Bardstown Road corridor provides a dense concentration of local shopping, dining, and entertainment.
The rental market is robust due to the area's popularity with young professionals and students. Vacancy rates remain low, and rent growth has been steady, supported by the high demand for historic urban living.
The economy is anchored by healthcare, logistics, and education sectors in the broader Louisville metro area. The local economy within 40204 is heavily service-oriented, driven by the retail and hospitality industries.
The area is served by TARC bus routes and is highly accessible via major arterial roads. Infrastructure is mature, with a focus on maintaining historic streetscapes.
Planning efforts are focused on preserving the architectural integrity of the Cherokee Triangle neighborhood while allowing for moderate density increases.
The Jefferson County Property Valuation Administrator (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 remains available, though premiums are influenced by regional weather patterns and the age of the housing stock.
Data retrieved from ZCTA-level census profiles.
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 Bay4.33.2 mi
- Malibu Jack's Louisville4.47.8 mi
- Activate Games4.97.3 mi
- Sky Zone Trampoline Park4.111.6 mi
- Dave & Buster's Louisville45.4 mi
- Churchill Downs4.73.7 mi
- Kentucky Exposition Center4.43 mi
- Louisville Slugger Museum & Factory4.82.5 mi
- KFC Yum! Center4.52 mi
- Kentucky International Convention Center4.52 mi
- Churchill Downs4.73.7 mi
- Louisville Slugger Museum & Factory4.82.5 mi
- Louisville Zoo4.52.6 mi
- Lights Under Louisville4.72.9 mi
- Louisville Mega Cavern4.53 mi
- Louisville Slugger Museum & Factory4.82.5 mi
- Kentucky Derby Museum4.73.6 mi
- The Waverly Hills Sanatorium4.610 mi
- Muhammad Ali Center4.82.3 mi
- Mellwood Art Center4.61.5 mi
- Waterfront Park4.71.7 mi
- Cherokee Park4.81.3 mi
- Falls of the Ohio State Park4.63.3 mi
- Iroquois Amphitheater4.76.4 mi
- E.P. Tom Sawyer State Park4.69.4 mi
- Louisville Boat Club4.54.3 mi
- RiverPark Place Marina4.51.7 mi
- Admirals Anchor4.65.1 mi
- Jeffersonville’s Fishermans Wharf4.62.2 mi
- Topgolf Louisville46.1 mi
- Woodhaven Country Club4.77.1 mi
- Seneca Golf Course4.22.8 mi
- Hidden Creek Golf Club4.58.3 mi
- Quail Chase Golf Course3.410.8 mi
- Mall St. Matthews4.35.4 mi
- Jefferson Mall47.5 mi
- Oxmoor Center4.36.1 mi
- Publix Super Market at Terra Crossing4.512.4 mi
- T.J. Maxx & HomeGoods4.45.7 mi
- Louisville Muhammad Ali International Airport4.34.9 mi
- Bowman Field4.53.2 mi
- Louisville Regional Airport Authority4.34 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive, historic Olmsted-designed park featuring trails, scenic loops, and sports fields.
A major commercial corridor known for its eclectic mix of local restaurants, bars, and boutiques.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.