The story of this market
The typical home in ZIP 40209 sells for about $165,000, or $135 per square foot.
Prices are up +4.2% 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 $984 a month.
ZIP 40209 — Louisville
The 40209 housing market is a small, low-volume environment characterized by entry-level price points and limited inventory. Market activity is driven by local owner-occupants and investors, with price appreciation remaining modest. Data for this ZIP is sparse, and figures should be interpreted as estimates based on limited recent transactions.
This ZIP is best suited for local investors and budget-conscious buyers looking for entry-level housing in the Louisville market, as the small inventory and low price point require deep local knowledge.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 3.2 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 28.3% · poverty 52.4% — 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 5.8%/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 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 40209, 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.
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.
Located in Louisville, residents have direct access to major thoroughfares like I-65 for commuting to the downtown employment core.
The area features proximity to local neighborhood parks and is within a short drive of major Louisville shopping and dining districts.
The rental market is characterized by low inventory and reliance on local operators, with rents often estimated via HUD fair-market standards due to limited transaction volume.
The economy is tied to the broader Louisville-Jefferson County metro area, which features a diverse mix of logistics, healthcare, and manufacturing employers.
Served by TARC bus routes and proximity to major highway corridors including I-65 and I-264.
Development is primarily infill-focused given the established nature of the ZIP code.
The Jefferson County Property Valuation Administrator (PVA) conducts annual assessments to determine fair cash value for tax purposes.
Parcels are subject to Jefferson County Public Schools and various municipal service districts.
Standard property insurance coverage is available, though premiums are influenced by regional weather patterns common to the Ohio River Valley.
Kentucky is a judicial foreclosure state requiring court intervention for the foreclosure process.
Sellers are required to provide a residential property disclosure form detailing the condition of the property.
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 Bay4.31.1 mi
- Malibu Jack's Louisville4.48.9 mi
- Activate Games4.98.3 mi
- Sky Zone Trampoline Park4.113.2 mi
- Dave & Buster's Louisville47.9 mi
- Churchill Downs4.72.3 mi
- Kentucky Exposition Center4.41.3 mi
- Louisville Slugger Museum & Factory4.85.4 mi
- KFC Yum! Center4.55.3 mi
- Kentucky International Convention Center4.55.1 mi
- Churchill Downs4.72.3 mi
- Louisville Slugger Museum & Factory4.85.4 mi
- Louisville Zoo4.52.5 mi
- Lights Under Louisville4.72.4 mi
- Louisville Mega Cavern4.52.4 mi
- Louisville Slugger Museum & Factory4.85.4 mi
- Kentucky Derby Museum4.72.3 mi
- The Waverly Hills Sanatorium4.66.5 mi
- Muhammad Ali Center4.85.4 mi
- Mellwood Art Center4.65.8 mi
- Waterfront Park4.75.5 mi
- Cherokee Park4.84.6 mi
- Falls of the Ohio State Park4.66.7 mi
- Iroquois Amphitheater4.72.6 mi
- E.P. Tom Sawyer State Park4.612.1 mi
- Topgolf Louisville48.3 mi
- Woodhaven Country Club4.76.2 mi
- Seneca Golf Course4.25 mi
- Quail Chase Golf Course3.48.1 mi
- Hidden Creek Golf Club4.512.4 mi
- Mall St. Matthews4.37.8 mi
- Jefferson Mall44.7 mi
- Oxmoor Center4.38.4 mi
- T.J. Maxx & HomeGoods4.47 mi
- Meijer4.27.3 mi
- Louisville Muhammad Ali International Airport4.30.9 mi
- Bowman Field4.55.3 mi
- Louisville Regional Airport Authority4.30.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Small community green spaces serving the immediate residential area.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).