The story of this market
The typical home in ZIP 40207 sells for about $480,000, or $235 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,334 a month.
ZIP 40207 — Louisville
The 40207 housing market remains robust, characterized by high demand and limited inventory, which continues to drive steady year-over-year price appreciation. Buyers are attracted to the area's established neighborhoods, strong school districts, and central location, keeping the market competitive despite higher interest rates. Figures for active inventory and specific price-cut percentages are based on current portal listings, while demographic data is sourced from the most recent ACS estimates.
This ZIP is ideal for established families, professionals, and downsizers who prioritize proximity to high-end retail, established school districts, and convenient highway access to the Louisville employment core.
Median prices moved up 3.2% year over year.
Homes spend a median of 28 days on market with 3.1 months of supply — a fast-moving market.
12% 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 2.7% · poverty 5.7% — 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 5.6%/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 5.5%/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 40207, 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 40207 area are generally lower than the Louisville metro average, with property crime being the primary concern. Local law enforcement reports stable trends in recent years.
The area is served by highly-rated public schools within the Jefferson County Public Schools district, often cited as a primary draw for families moving to the St. Matthews and surrounding neighborhoods.
The region faces moderate risks from severe thunderstorms and occasional wind events, with standard flood insurance requirements for properties located near local creek floodplains.
Economic momentum is driven by the proximity to major healthcare and retail hubs in St. Matthews, with ongoing infill development and residential renovation projects maintaining property values.
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 direct access to I-64 and I-264, providing efficient transit to downtown Louisville and the suburban employment corridors of the East End.
The area features extensive green space including Seneca Park and the Beargrass Creek State Nature Preserve, alongside major retail destinations like Mall St. Matthews and Oxmoor Center.
The rental market is characterized by steady demand for both apartment complexes and single-family home rentals, with low vacancy rates due to the area's central location and high desirability.
The local economy is anchored by the retail and healthcare sectors, with significant employment provided by nearby medical centers and the regional shopping hubs in St. Matthews.
The area is well-served by major highway corridors including I-64 and I-264, facilitating easy commutes to downtown Louisville and surrounding suburban business parks.
Development is largely focused on the revitalization of existing commercial corridors and the conversion of older residential lots into modern, higher-density housing.
The Jefferson County Property Valuation Administrator conducts annual assessments to ensure property values reflect current market conditions.
Parcels are subject to Jefferson County Public Schools taxes and various municipal service districts depending on the specific city incorporation status.
Property insurance premiums are stable but reflect regional risks associated with severe weather and wind damage common in the Ohio Valley.
Data retrieved from data.census.gov ZCTA 40207 profile.
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 Bay4.36.9 mi
- Malibu Jack's Louisville4.44.8 mi
- Activate Games4.94.4 mi
- Sky Zone Trampoline Park4.17.7 mi
- Dave & Buster's Louisville41.6 mi
- Churchill Downs4.77.8 mi
- Kentucky Exposition Center4.46.6 mi
- Louisville Slugger Museum & Factory4.86.3 mi
- KFC Yum! Center4.55.7 mi
- Kentucky International Convention Center4.55.9 mi
- Churchill Downs4.77.8 mi
- Louisville Slugger Museum & Factory4.86.3 mi
- Louisville Zoo4.55 mi
- Lights Under Louisville4.75.2 mi
- Louisville Mega Cavern4.55.2 mi
- Louisville Slugger Museum & Factory4.86.3 mi
- Kentucky Derby Museum4.77.7 mi
- The Waverly Hills Sanatorium4.613.9 mi
- Muhammad Ali Center4.86 mi
- Mellwood Art Center4.63.5 mi
- Waterfront Park4.75.1 mi
- Cherokee Park4.83.2 mi
- Falls of the Ohio State Park4.66.3 mi
- Iroquois Amphitheater4.710 mi
- E.P. Tom Sawyer State Park4.65.1 mi
- Louisville Boat Club4.52.5 mi
- RiverPark Place Marina4.54.1 mi
- Admirals Anchor4.63.2 mi
- Jeffersonville’s Fishermans Wharf4.64.8 mi
- Topgolf Louisville42.4 mi
- Woodhaven Country Club4.76.3 mi
- Seneca Golf Course4.22.6 mi
- Hidden Creek Golf Club4.58.1 mi
- Valhalla Golf Club4.89.7 mi
- Mall St. Matthews4.31.8 mi
- Jefferson Mall48.4 mi
- Oxmoor Center4.32.3 mi
- Publix Super Market at Terra Crossing4.58.2 mi
- T.J. Maxx & HomeGoods4.43.4 mi
- Louisville Muhammad Ali International Airport4.37.8 mi
- Bowman Field4.52.5 mi
- Louisville Regional Airport Authority4.37.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large public park with walking trails, sports fields, and equestrian facilities.
Major regional shopping destination serving the East End.
Protected green space offering hiking and wildlife viewing.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).